About

We are looking for an experienced Commercial Real Estate Underwriting Analyst (Hotels/Hospitality) to support us on a per-deal basis as we acquire boutique hotels and hospitality assets. Our biggest bottleneck is underwriting and market analytics, and we want someone who can help us evaluate deals quickly, accurately, and consistently. What You’ll Do (Per Deal): • Analyze seller P&Ls and historical financials • Build or refine hotel underwriting models (Excel/Sheets) • Create pro forma projections (ADR, occupancy, RevPAR, NOI, DSCR, IRR, MOIC) • Model value-add scenarios (renovations, rebranding, amenity upgrades) • Compare financing options: bridge loans, SBA 7(a), bank debt, seller financing • Build downside/base/upside scenarios Market Research: • Pull ADR and occupancy comps • Conduct competitive set analysis • Provide market insights (seasonality, demand drivers, RevPAR positioning) • Identify revenue opportunities and operational inefficiencies • Summarize key risks and upside potential Deliverables (Per Deal): Updated underwriting model, normalized financials, market comps, and a 1–2 page summary with stabilized projections and offer recommendations. Deal Flow: About one strong deal every few weeks. Requirements: Experience underwriting CRE (HOTELS), strong Excel/Sheets skills, knowledge of hotel metrics, understanding of DSCR, IRR, MOIC, LTV/LTC, ability to interpret financials, strong communication. Hotel underwriting experience, SBA/bridge financing experience, STR/hospitality familiarity. To Apply: Provide your underwriting experience summary, model samples (screenshots ok), fixed price per deal, turnaround time, and any relevant certifications.