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The addition of new luxury hotels and co-located branded residences is one of the principal drivers of Marriott’s earnings growth strategy and an important element in maintaining and advancing the quality and brand equity of Marriott’s Lodging System. The company’s luxury unit growth strategy focuses primarily on acquisition of management contracts as well as licensing of our hotel brands for residential developments by third-party owners under residential license agreements. The Vice President of Development performs a central, critical role in identifying opportunities, structuring deals and successfully closing transactions for new luxury hotels (Ritz-Carlton, St. Regis, W, Bulgari, and Edition) and co-located residences, as well as building successful relationships with new and existing hotel owners.
SCOPE / BUSINESS CONTEXT / CANDIDATE PROFILE
Business Context: Expected Contributions – Essential Job Functions
The Vice President of Development identifies and pursues new business opportunities, and coordinates a multidisciplinary team involved in the review, approval and finalization of contracts for new luxury hotels (Ritz-Carlton, St. Regis, W, Bulgari, and Edition) and co-located branded residences. Success in the position demands a driving focus on creation of shareholder value and earnings, as well as a passion to champion new business opportunities that build brand equity and help drive customer preference.
Key Accountabilities
Review and analyze potential luxury hotel (Ritz-Carlton, St. Regis, W, Bulgari, and Edition) conversion, new-build, or acquisition opportunities, as well as potential co-located residential opportunities for integration into Marriott International brand systems (luxury hotels).
Candidate Profile
Experience
Personal Competencies (Knowledge, Skills, Abilities and Other Attributes)
Education or Certification
California Applicants Only: The salary range for this position is $195,321 to $288,113 annually.
Colorado Applicants Only: The salary range for this position is $179,874 to $262,682 annually.
New York Applicants Only: The salary range for this position is $210,773 to $297,332 annually.
Washington Applicants Only: The salary range for this position is $195,321 to $288,113 annually. In addition to the annual salary, the position will be eligible to receive an annual bonus and restricted stock units/stock grants. Employees will accrue 0.04616 PTO balance for every hour worked and eligible to receive minimum of 7 holidays annually.
The application deadline for this position is 21 days after the date of 5/3/24.
All locations offer coverage for medical, dental, vision, health care flexible spending account, dependent care flexible spending account, life insurance, disability insurance, accident insurance, adoption expense reimbursements, paid parental leave, educational assistance, 401(k) plan, stock purchase plan, discounts at Marriott properties, commuter benefits, employee assistance plan, and childcare discounts. Benefits are subject to terms and conditions, which may include rules regarding eligibility, enrollment, waiting period, contribution, benefit limits, election changes, benefit exclusions, and others.
Marriott HQ is committed to a hybrid work environment that enables associates to Be connected. Headquarters-based positions are considered hybrid, for candidates within a commuting distance to Bethesda, MD; candidates outside of commuting distance to Bethesda, MD will be considered for Remote positions.
Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.
Marriott International is the world’s largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.Full Time
Accommodations
$155k-200k (estimate)
03/25/2024
05/06/2024
marriott.com
LOCK HAVEN, PA
>50,000
1927
Public
JOAN MARSHALL
$10B - $50B
Accommodations
Marriott is a diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities.