Development & Feasibility Specialist EMEA
London, GB, W6 8DA
Wyndham Hotels & Resorts is now seeking a Development & Feasibility Specialist EMEA to join our team in London, UK.
Job Summary
The Development & Feasibility Specialist EMEA will be responsible for conducting in-depth research and analysis on hotel markets across Europe, Middle East, Africa and Eurasia to facilitate the delivery of growth for Wyndham Hotels & Resorts. They will perform financial analysis and valuations of proposed franchise and managed projects, which can be new build, conversions, repositioning of existing hotels, etc. Their work will form the foundation of any prospecting agreement with our clients and will be instrumental to achieving Wyndham’s growth strategy. The Specialist will prepare all the internal and external information required to complete the IAC (International Approvals Committee) pack which will require liaison with internal stakeholders, existing clients and potential prospects.
The position requires an understanding of the hotel industry and the hotel development process. The position will be responsible for preparing feasibility studies for all potential deals including:
• Gathering relevant market information as well as performing other primary market research with regard to economic, demographic and urban development trends, and competitive lodging market performance.
• Assisting with the assessment of the appropriateness of potential hotel sites and opportunities for converting existing hotels to Wyndham brands
• Analysing market information and forecasting occupancy and average room rates for proposed projects.
• Compiling financial comparables to be used in the creation of financial proformas, as needed.
• Internal interaction within the Development, Commercial, Operations, and Architecture, Design & Construction (AD&C) teams.
• Preparing concise, written documentation that presents the findings and conclusions for each project.
• Performing franchise contract valuations and investment analysis to determine the financial and economic viability of proposed projects.
• Contributing to the team’s knowledge base through specific and targeted assignments in relevant areas of interest.
• Responding to, solving and make decisions on standard/ routine business requests with limited risk.
• Carrying out their responsibilities independently and contributing to the team, department and/ or business results.
Responsibilities
1. Development & Feasibility
• Prepare of all IAC information for internal and external distribution.
• Conduct market research and formulate conclusions, macroeconomic and tourism economic trends analysis, supply and demand analysis, establish competitive set, develop initial projections of occupancy and average rate for franchised deals, prepare preliminary projections of income and expense for managed deals, utilise and maintain financial modelling for franchise and management contract valuations.
• Conduct market research and maintain relevant databases on economics and tourism statistics, market intelligence, hotel supply and demand etc.
• Support strategic plan and budget analysis and perform prospective market analysis for the Development and Operations teams.
2. Strategy
• Prepare documentation including reports, presentations and spreadsheets as part of assigned tasks and ongoing research of the region, competitive set and other industry trends.
• Responsible for producing the monthly internal HotelNews article.
• Collect, interpret and interrogate hotel/ tourism related data information, present data and findings via data visualisation tools.
• Assist in the organisation of meetings and virtual calls including being the responsible for follow up of action points.
• Ad-hoc projects as required.
Complexity
This person will contribute to the growth of EMEA division by maintaining the integrity of our processes, and procedures which underpin the complex relationships with our clients. They will also navigate the administratively complex and culturally diverse and sensitive environment across the division.
Scope/ Financial Responsibility
This person will contribute to the growth of EMEA division by maintaining the integrity of our processes, and procedures which underpin the complex relationships with our clients. They will also navigate the administratively complex and culturally diverse and sensitive environment across the division.
Key Competencies
Alongside the professional competencies outlined below, the successful candidate will demonstrate the fundamentals of Wyndham’s Count on Me! Service Culture to be Responsive, Respectful and Deliver a Great Experience. This will form the cornerstone of their approach as they carry out all tasks with the Count on Me! Building Blocks in mind; Compassionate, Engaged, Dependable, Courteous, Engaged, Inclusive, Hospitable, Prepared and Personalised.
• Strong analytical skills and ability to interpret data – Excel and BI software experience preferred
• Strong written and spoken English presentation skills
• Financially and economically literate
• Motivation and ability to work without supervision
• Flexibility with some requirement to travel
• Detail-oriented and a team player
• Strong cultural awareness with a customer service mindset
• Prioritisation and sense of urgency
• Good time management skills, able to work to multiple deadlines
Education/ Qualifications
• The ideal candidate is a university graduate with 2-3 years’ work experience in a similar role; a degree in Hospitality Management/ Finance/ Economics/ Management would be an advantage, although all degree types will be considered depending on relevant prior work experience.
• Experience within the hospitality sector, ideally with real estate focus.
• Must be an advanced user of MS Office tools including Word, Excel, PowerPoint and Outlook.
• Fluency in English is essential and additional local languages would be an advantage.
• Previous experience in a global organisation will be beneficial.
• Experience in working with Tableau or BI software would be an advantage.
Successful candidates will be required to provide evidence of the ability to work legally in the United Kingdom.
COMPANY OVERVIEW:
Wyndham Hotels & Resorts is the world’s largest hotel franchising company by the number of properties with approximately 9,200 hotels across over 95 countries on six continents. Through our network of approximately 872,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the hospitality industry. Headquartered in Parsippany, N.J. with offices around the world in London, Shanghai, Buenos Aires, Dubai and more, Wyndham employs more than 2,000 corporate team members worldwide who are dedicated to the Company’s mission of making hotel travel possible for all. Supporting thousands of franchisees and a growing global portfolio of 24 hotel brands—think household names like Wyndham, La Quinta, Ramada, Days Inn and Super 8—Wyndham team members are a widespread group of individuals with diverse interests and backgrounds. Our unique Count on Me culture, commitment to flexibility and core values of Integrity, Accountability, Inclusivity, Caring and Fun are just part of what continues to make Wyndham an award-winning best place to work.
Job Location: WHG United Kingdom, 4th Floor, 3 Shortlands, Hammersmith, London W6 8DA
Employment Status: Full-time
Employment Disclaimer
In some locations around the world, Wyndham Hotels & Resorts manages hotel properties on behalf of a third party owner. At many of those properties, the Hotel owner is the actual employer, and Wyndham Hotels & Resorts performs recruiting and hiring functions on behalf of the owner. I understand and agree that, by applying through this site, I may be applying for a position with a company other than Wyndham Hotels & Resorts where Wyndham Hotels & Resorts is serving only as the recruiter and will not be my actual employer.