What are the responsibilities and job description for the Executive Level Position - Senior Director of Real Estate position at Drury Southwest, Inc.?
About the Company
We are seeking a dynamic and strategic Senior Director of Real Estate and Development to lead the real estate strategy and execution for our vibrant, national hospitality group. The ideal candidate will have a strong background in sophisticated real estate development, site selection, purchase, sale and lease negotiations, project development management, and market analysis within the commercial real estate industry with ample experience in hospitality and restaurants. They will play a key role in driving growth, expansion, and profitability through effective real estate strategies and development initiatives. This is an on site position, located at our main office in Cape Girardeau, Missouri.
About the Role
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 hotel brand expansion.
Real Estate Portfolio Management: Oversee the management and optimization of the company's hospitality real estate portfolio, including purchase, sale and lease negotiations, renewals, relocations, and disposals. Conduct market analysis, site selection, and feasibility studies to identify and secure high-potential locations for new openings.
Project Management: Lead the development process for new hotel and restaurant locations, including site design, permitting, and budget development. Collaborate with cross-functional teams, including design, in-house general construction operations, legal, and finance teams, to ensure timely and successful project execution.
Financial Analysis and Performance: Conduct financial analysis, ROI evaluations, and market analysis 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. Work closely with executive team in a fast-paced environment and foster a collaborative and results-driven culture within the development and real estate team.
Qualifications
Bachelor's degree in Real Estate, Business Administration, Finance, or related field; MBA or real estate industry 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, 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. Strong work ethic, decision-making and collaborative skills.
Required Skills
Strong background in sophisticated real estate development, site selection, purchase, sale and lease negotiations, project development management, and market analysis within the commercial real estate industry with ample experience in hospitality and restaurants.