Vice President (VP) of Real Estate and Development Job at Vertex Hospitality Group, Queens, NY

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  • Vertex Hospitality Group
  • Queens, NY

Job Description

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

Job Tags

Full time, For contractors, Relocation, Day shift, Monday to Friday,

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