Required Years of Experience
6+ years
Job Details
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
Compensation Details
Compensation: Salary ($140,000.00 - $170,000.00)
Benefits & Perks: Health Insurance, Dental Insurance, Vision Insurance, Paid Time Off, 401k, Commuter Benefits, Potential Bonuses, Dining Discounts
Required Skills
Real Estate Development
Lease Negotiations
Project Management
Market Analysis
Development Strategy
Real Estate Portfolio Management
Financial Analysis
Relationship Management
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Restaurant Group
Part of Vertex Hospitality Group
Vertex Hospitality was founded in 2016. The Managing Partners of multiple restaurant brands saw the opportunity to build an infrastructure to support the needs of building a growing national restaurant franchise organization. Vertex has since become a powerhouse in the industry.
What sets Vertex apart is its dynamic team—a fusion of exceptional talent and seasoned entrepreneurs, all with a remarkable history of triumphs in the realm of restaurant openings and management. Each member of our team is a specialist in a distinct facet of foodservice operations, collectively forming an unbeatable force in the hospitality landscape.
Presently, our team proudly oversees and supports three distinctive restaurant brands: Hook & Reel Cajun Seafood & Bar (hookreel.com), KPOT Hot Pot & Korean BBQ (thekpot.com), and Kinya Ramen (kinya.us). The success story of Hook & Reel is nothing short of phenomenal, boasting a staggering 70+ locations nationwide. KPOT is on a rapid ascent, set to surpass 100 locations by the close of 2024. Meanwhile, Kinya Ramen, our latest culinary venture, has already unfurled its charm with 9 operational units and numerous more poised for imminent launch.
In the exciting realm of Vertex Hospitality, we're not just building restaurants; we're crafting experiences, breaking boundaries, and setting the stage for an unparalleled journey in the world of gastronomy. Join us as we redefine the art of hospitality, one thriving concept at a time.
