Marriott International is the worldargest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. We believe a great career is a journey of discovery and exploration. So, we ask, where will your journey take you?
Qualifications The addition of new hotels is one of the principal drivers of Marriottarnings growth strategy and an important element in maintaining and advancing the quality and brand equity of Marriottodging System. The companynit growth strategy focuses primarily on acquisition of management contracts and licensing of our hotel brands to third-party owners and owner-operators under franchise agreements. The Regional Vice President of Development performs a central, critical role in identifying opportunities, structuring deals and successfully closing transactions for new hotels, as well as building successful relationships with new and existing hotel owners and franchisees. The Regional Vice President of Development nada is responsible for shaping the strategic growth plan and leadership of the development team for Canada.
Business Context: Expected Contributions sential Job Functions
Dual reporting to the Chief Development Officer, North America - Marriott Select Brands and the Chief Development Officer, North America - Full Service Hotels, the Regional Vice President will be responsible for the development strategy for all Marriott International brands in Canada.
The Regional Vice President of Development is responsible for developing and executing on the strategic growth plan for Canada. This position leads a team of developers focused on identifying and pursuing new business opportunities and coordinates a multidisciplinary team involved in the review, approval and finalization of contracts for new hotels. Success in the position demands a driving focus on creation of shareholder value and earnings, a passion to champion new business opportunities that build brand equity and help drive customer preference, and a great sense of leadership to drive the team in line with the strategy agreed within the group.
Key Accountabilities Review and analyze potential hotel conversion, new-build, or acquisition opportunities for integration into Marriott International brand systems (luxury/full service hotels and select service/extended stay hotels).
Lead team of developers focused on strategic growth plan for Canada.
Oversee all aspects of the development process internal to Marriott International, including site inspections by brand, market management and technical services representatives, requesting feasibility studies and pro forma valuations, and presenting the opportunity for approval by the appropriate Marriott committees.
Lead negotiations of management agreements, purchase, joint venture, franchise or other agreements with owner/owner's representatives. Ensure that agreement terms and conditions are acceptable to Marriott operating and staff executives.
Work with Marriott's Treasury and Project Finance departments to maximize returns on Marriott International investments in hotel projects.
As needed, assist owners and developers to identify and tap sources of financing for hotel acquisition or construction, including Marriott sponsored financing programs.
As required, attend public hearings and meetings with regulatory agency officials to secure site plan, engineering and other approvals necessary for the project's successful development.
As requested, participate in the resolution of workout situations.
Perform other duties as assigned.
Candidate Profile Experience Fifteen or more years of real estate development or hotel industry experience with at least five years of hotel development or related experience.
Demonstrated ability to effectively structure and negotiate complex transactions, handle multiple projects on short timetables, and manage staff resources efficiently and effectively.
Successful leadership experience required.
Excellent inter-personal skills and capability of building lasting relationships th internally within Marriott and externally within the hospitality industry d lingrriott Internationalrands to third parties.
An ability to think strategically, critically and analytically, while maintaining an enthusiastic, energetic, proactive outlook and approach to professional life.
Mature, professional demeanor, capable of expressing confident, independent judgment.
Strong contact base and excellent reputation in the hotel investment and development sector.
Familiarity with capital markets a plus.
Personal Competencies (Knowledge, Skills, Abilities and Other Attributes)
Must have a broad business view; sharp business acumen;
Must have excellent communication, coaching, mentoring, negotiation and mediation skills.
Fosters relationships and a positive climate to build effective teams that are committed to organizational goals and initiatives; fosters teamwork and is a corporate-minded team player.
Must be a self-starter who can work independently and be a strong team player that contributes to the effectiveness of the broader Development team;
Translates business needs into what needs to get done; solves problems and monitors the progress; maintains high performance standards.
Develops and maintains effective relationships with both internal and external stakeholders; influences with and without direct authority.
Recognizes, celebrates and rewards individual and collective successes.
Actively pursues learning and self-development to enhance personal, professional and business growth; shares learning.
Education or Certification
Bachelors Degree or equivalent in Real Estate, Hotel Administration or Business; MBA or other advanced degree preferred.
The position will be based at Marriott International Headquarters in Bethesda, Maryland or at Marriott Hotels of Canadaegional office in Toronto, Ontario, Canada.
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.
