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ABOUT BEDROCK

Bedrock is a full-service real estate firm specializing in innovative city building strategies. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $7.5 billion to acquire, develop and operate more than 140 properties in Detroit and Cleveland with landmark developments at the Hudson’s Site (https://www.hudsonssitedetroit.com/) , Book Tower (https://www.booktowerdetroit.com/) , City Modern (https://www.citymoderndetroit.com/) , Tower City Center (https://www.towercitycenter.com/) and the May Company Building (https://www.themaycleveland.com/) .

Bedrock’s projects include new construction, adaptive reuse and a portfolio totaling more than 21 million square feet of office, retail, residential, industrial, hospitality and parking.

For additional information about Bedrock, please visit bedrockdetroit.com , bedrockdetroit.com/careers/ , and engage with us on Facebook (https://www.facebook.com/BedrockDetroit/) , Instagram (https://www.instagram.com/bedrockdetroit/) , Twitter (https://twitter.com/BedrockDetroit) and LinkedIn (https://www.linkedin.com/company/bedrock-real-estate-services/) .

POSITION SUMMARY

The Senior Hospitality Manager works closely with the Vice President of Hospitality on strategic initiatives within the Bedrock portfolio. The role will contribute and support operational and financial success for the hospitality portfolio. Additional responsibilities include seeking and securing new business opportunities and expanding existing ones through a combination of prospecting, networking, and relationship building. This role also includes financial modeling, quantitative and qualitative analyses, evaluation of portfolio opportunities, underwriting, negotiation of contracts and closing deals.

ESSENTIAL FUNTIONS

• Contribute and support the development and implementation of strategic plans for hospitality development that aligns with the overall vision and goals of mix-use projects

• Leads financial modeling and analytical support for strategic business decisions related to Bedrock’s hospitality investments and opportunities, including acquisition, disposition, and ongoing operational processes

• Contribute, and in some cases lead, contract negotiations and/or agreements, including summaries and analysis, for Ground Leases, Management Contracts, Franchise Agreements, License Agreements, Loan Agreements, etc.

• Collaborate with hotel operators, management companies, as well as other internal and external partners, to ensure a seamless integration of hotel operations within the mixed-use environment

• Develop and implement operational plans that maximize guest satisfaction and operational efficiencies

• May lead the pre-opening process of the pipeline assets, including coordinating with management companies, vendors, and property teams

• Gathers and analyzes market intelligence to provide informed underwriting guidance and up-to-date information on hotel market performance metrics, recent transactions, current market dynamics, significant development that impacts the lodging market, and property values

• Works collaboratively across Acquisition, Accounting, Asset Management, Corporate Finance, Tax, Accounting, Design and Construction, and other internal teams to obtain data relevant to analysis and modeling functions

• Prepares investment recommendations, including written descriptions, quantitative and qualitative analyses, and presentations for the Vice President of Hospitality and Bedrock’s senior leadership team

• Evaluates and provides recommendations for brand opportunities within the current portfolio and prospective acquisitions

• Researches and stays current on market trends and economics, locally, nationally, and more broadly, affecting the hospitality industry and specific dynamics in the markets in which the assets are situated

• Establishes, monitors, and maintains project budgets to meet project milestones

• All other duties as assigned

POSITION REQUIREMENTS

• Bachelor’s degree in hospitality management, finance, business, or similar, or the equivalent education, training, and experience (required)

• 10+ years of experience in a comparable professional role in hospitality, finance, investing, analytics (required)

• Minimum 8 years of experience in mix-use projects, with a focus on hospitality (strongly preferred)

• Prior experience at a real estate services, investment, or development company (strongly preferred)

• 3-5 years of experience in financial modeling and quantitative analysis (preferred)

• 3-5 years of experience in a deal-making position (preferred)

POSITION QUALIFICATIONS

• Strong negotiation skills with the ability to close deals effectively

• Strong knowledge base of the local market trends, demographics, location regulations, and industry connections

• Excellent interpersonal communication, relationship building, and networking skills

• Proficient knowledge of Microsoft Office Suite; MS Excel, SQL/modeling platforms/reporting

• Ability to understand and utilize data (both quantitative and qualitative) to accurately diagnose key issues and develop strategies and plans

• Ability to work independently and achieve results on own initiative as well as in cross-functional teams

• Excellent analytical and organizational skills

• Strong communication skills - written, verbal, and technical

• The above statements describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities and may be modified periodically.

Disclaimer

This job description should not be construed as an exhaustive list of duties and responsibilities performed by persons assigned to this classification. It is not intended to limit or in any way modify the right of any supervisor or manager to assign, direct and control the work of employees under his/her supervision. All principal duties and responsibilities of this position are essential functions of the position. Job descriptions are reviewed on a regular basis and may be revised at any time. Revisions will be communicated to employees within the classification. This job description does not constitute a contract of employment; therefore, the company may exercise its employment-at-will rights at any time.

Bedrock is an equal-opportunity employer.

The Company is an Equal Employment Opportunity employer, and does not discriminate in any hiring or employment practices. The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law. Applicants requiring reasonable accommodation in completing the application and/or participating in the employment application process should notify a representative of the Human Resources Team, The Pulse, at Careers@myrocketcareer.com.

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