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ELIFIN

Hospitality Specialist: Commercial Real Estate Agent

Real Estate SalesConfirmed live in the last 24 hours
Full-timeNew Orleans, LA, USA

About the Job

Requirements

  • Have direct, verifiable hotel-industry experience in one or more listed areas, such as hotel brokerage, brand development or franchise sales, hotel operations or asset management, hotel ownership or development, appraisal, underwriting or financing, or hotel portfolio management.
  • Be fluent in hotel operations, with experience using a property management system and revenue management system, or underwriting enough Uniform System of Accounts for the Lodging Industry statements to understand add-backs.
  • Be able to explain how franchise renewal requirements and deferred capital expenditures affect hotel value to owners.
  • Be willing to hunt for business and build a pipeline in a territory with no inherited book.
  • Be knowledgeable enough about hospitality to advise owners, lenders, and brand development teams.
  • Be coachable on the company's system while bringing sector experience.
  • Call Louisiana home and intend to stay.
  • Have an active Louisiana real estate license or be able to obtain one before starting.

Responsibilities

  • Generate and service hotel sale assignments across South Louisiana.
  • Underwrite and value hotels using revenue per available room, average daily rate, occupancy relative to the competitive set, segmentation mix, Uniform System of Accounts for the Lodging Industry profit and loss statements, gross operating profit and flow-through, franchise fees, furniture, fixtures and equipment reserves, property improvement plan exposure, and third-party management economics.
  • Normalize owner-operator financials to institutional standards, including market management fees, market payroll, funded furniture, fixtures and equipment reserves, and market-rate insurance.
  • Conduct market and feasibility analysis, including competitive set construction, penetration indices, demand segmentation across transient, group, contract, and crew, and permitted and under-construction hotel pipelines.
  • Advise owners on brand decisions, including renewals, conversions, and independence, and explain the effect of each on value.
  • Represent buyers in acquisitions, including small business administration-financed first purchases, 1031 exchange timelines, and portfolio roll-ups.
  • Prospect owners consistently using the company's database and the agent's own relationships.
  • Build the company into a recognized authority on South Louisiana hospitality through research, market reports, conference presence, and reputation.

About the Company

Company size
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Total funding
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