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Vice President, Acquisitions and Development

Posted February 20, 2021

Magna Hospitality
Warwick, RI
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About This Job

The Vice President, Acquisitions and Development will be an integral member of the Magna development team focused on the creation of value through the acquisition, development and sale of hotel assets.  The ideal candidate will have over seven years of experience on the hotel investment side of the business and have an established network within the industry.  We are looking for a team-oriented individual who is effective at deal sourcing, networking and structuring real estate transactions. This individual must be able to develop strong relationships within multiple facets of the industry including: owners, lenders, brokers and investors. In addition to strong communication skills, this individual will be able to efficiently and professionally execute deals from sourcing through closing.

Responsibilities:

  • Generate deal flow through both brokered and off-market sources.
  • Maintain and develop a strong network of contacts throughout the hospitality industry.
  • Lead negotiations of transaction related agreements including: purchase and sale, loan documents, franchise agreements, leases etc.
  • Build internal consensus and present opportunities to the internal investment committee.
  • Work with the operations team to solicit input for both underwriting, ongoing asset management including: Revenue Management, Operations, Sales & Marketing, HR, and Finance.
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About this Employer

Magna Hospitality

300 Centerville Road, Suite 300 East
Warwick, RI 02886

Management Company

www.magnahospitality.com

In 1998, we formed Magna in order to create an opportunistic hotel real estate investment firm. As our industry has evolved, we have evolved with it, and we have come to focus our energies on two basic truisms. First and foremost, the most important thing that we do as a firm is hire the right people. This basic principle applies both at the corporate and our property levels. Today, we have over thirty highly motivated, talented, and hard-working corporate professionals that have morphed into a cohesive team that is dedicated to not only Magna’s success, but to each other’s success.

Second, we have embraced the reality that we are a hotel real estate investment firm; and in order to achieve the high level of success that we have enjoyed from an investment perspective, we must have a superior hotel management company.

In our often fickle and cyclical business, the Magna team has demonstrated and continues to demonstrate the most important qualities that a hotel real estate investment firm and a hotel management company must have. We tell our investors what we are going to do and when we are going to do it. Then, through hard work, talent, and integrity, we do what we said we would do, and we do it with a level of consistency that has made Magna a premiere hotel company.

It is with this team of professionals and with this culture that Magna will continue to move forward to improve both the quality of our investments and the manner in which we operate and oversee those investments for our investors.

We welcome you to Magna and we invite you to learn more about us, our team, and the culture that is Magna.