We are seeking a dynamic and strategic Vice President (VP) of Real Estate and Development to lead the development and real estate strategy for our multi-brand hospitality group. The ideal candidate will have a strong background in real estate development, site selection, lease negotiations, project management, and market analysis within the restaurant or hospitality industry. They will play a key role in driving growth, expansion, and profitability through effective real estate strategies and development initiatives.
Key Responsibilities:
Development Strategy: Develop and execute a comprehensive development strategy aligned with the company's growth objectives, brand positioning, and market opportunities.
Identify and evaluate new market opportunities, growth potential, and competitive landscapes for restaurant expansion.
Real Estate Portfolio Management: Oversee the management and optimization of the company's real estate portfolio, including lease negotiations, renewals, relocations, and disposals.
Conduct market analysis, site selection, and feasibility studies to identify and secure high-potential locations for new restaurant openings.
Project Management: Lead the development and construction process for new restaurant locations, including site design, permitting, contractor management, and budget oversight.
Collaborate with cross-functional teams, including design, operations, legal, and finance, to ensure timely and successful project execution.
Financial Analysis and Performance: Conduct financial analysis, ROI evaluations, and NPV calculations for development projects to assess investment viability and financial performance.
Monitor project budgets, costs, and timelines to achieve project goals and maximize profitability.
Relationship Management: Cultivate and maintain relationships with landlords, developers, brokers, and industry partners to source new opportunities, negotiate favorable terms, and build strategic alliances.
Collaborate with external stakeholders, consultants, and agencies to navigate zoning regulations, permitting processes, and legal requirements.
Team Leadership and Development: Lead and mentor a team of development professionals, including project managers, real estate analysts, and leasing specialists, to drive performance, innovation, and growth.
Foster a collaborative and results-driven culture within the development and real estate team.
Qualifications and Skills:
Bachelor's degree in Real Estate, Business Administration, Finance, or related field; MBA or real estate certification is a plus.
10+ years of progressive experience in real estate development, site selection, and project management, with at least 5 years in a leadership role within the restaurant or hospitality industry.
Strong knowledge of real estate markets, property valuation, lease negotiations, and construction processes.
Proven track record of successfully leading development projects, driving portfolio growth, and optimizing real estate performance.
Excellent communication, negotiation, and relationship-building skills with internal and external stakeholders.
Strategic thinking, problem-solving abilities, and financial acumen to assess investment opportunities and make data-driven decisions.
Experience with real estate software, GIS tools, and project management systems for real estate development and analysis.
Job Type: Full-time
Benefits:
401(k) matching
Dental insurance
Health insurance
Life insurance
Paid time off
Vision insurance
Schedule:
Day shift
Monday to Friday
Work Location: In person
More detail about Vertex Hospitality Group part of Vertex Hospitality Group, please visit https://culinaryagents.com/entities/698776-Vertex-Hospitality-Group
Seniority level
Executive
Employment type
Full-time
Job function
General Business and Management
Industries
Restaurants
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