If You Can't Beat Them - Join Them

Airbnb Inc. has put the hotel business on its ear. The company currently lists 4.92 million rooms compared with Marriott, the largest hotel company globally, who trumpets its 1.29 million room. For the last few years the hotel companies have poo-pooed Airbnb, while fighting for legislation that restricts their penetration of cities such as NY, Chicago, San Francisco, just to name a few.

Well, Marriott has decided to join them. The company is starting a new home-rental business, aiming to take on Airbnb Inc. in one of the lodging industry’s hottest segments. Starting next week it will offer accommodations in about 2,000 high-end homes throughout 100 markets across the US, Europe and Latin America. Alas, Marriott’s offering is rather skimpy compared with Airbnb’s reach. The other joiner who is trying to capitalize on Airbnb’s reach is New York Developer RXR who is teaming-up with the company to convert 10 floors in 75 Rockefeller Plaza into Airbnb lodging. Yet again, another great example of disruptive start-up that has globally changed the game.

Job Listings

SPONSORED JOB PARTNERS ENTERPRISE CAPITAL Associate (CHICAGO, IL) PEC primarily focuses on the industrial, apartment and retail sectors. Associate will be a key member of the portfolio management team that is tasked with efforts to value, track, analyze and report on the existing operating portfolio to help drive strategic insights and decision making. Individual will also serve as a resource to the investment management team.

BRIXMOR PROPERTY GROUP VP, Financial Asset Management (NEW YORK, NY) The VP will act as a “CFO” to the West region consisting of approximately 95 open air shopping centers and approximately 16 million square feet. VP will partner with the regional President and VPs of Leasing, Property Management and Redevelopment, providing real-time, fully-integrated financial asset management for the portfolio.  

METLIFE REAL ESTATE INVESTMENTS Director, Head of Acquisitions – DC Region Office (WASHINGTON, DC) Role will be responsible for overseeing regional acquisitions for MetLife’s general account and third party investors. This includes analyzing and evaluating acquisitions and development opportunities for the Region. Portfolio includes office, retail, industrial, multi-family and hotels, and strategies range from core to value and development/opportunistic.  

EMPIRE STATE REALTY TRUST Financial Analyst (NEW YORK, NY) Duties include: providing financial analysis and support for property budgeting, corporate model, lease analyses, capital expense projections, quarterly reporting and other requests; preparing NPV lease analyses; assisting with quarterly reporting of data including rent roll information and various statistics; and producing ad hoc scenario analyses and reports as necessary.  

TRIMONT REAL ESTATE ADVISORS Financial Associate/Asset Management (SEAL BEACH, CA) Responsibilities include: analyzing property level financial statements including Operating Statements, Balance Sheets and rent rolls; analyzing property operations vs. operating budget and market; tracking operating and construction budgets; and reconciling loan draws for funding of construction, leasing and capital costs.  

TURNER AND TOWNSEND Chief Marketing Officer (NEW YORK, NY) The CMO North America will drive marketing and business development activity and work closely with North American leadership team and Global Marketing Director to increase the pace and efficacy of business generation in North America.  

BUILDING AND LAND TECHNOLOGY Commercial Controller (STAMFORD, CT) Duties include: reviewing and approving financial statements, annual budgets, cash flow projections and other reports prepared by the property accountants; serving as the main point of contact for the property managers and asset management team in dealing with accounting matters; and reviewing the monthly loan draw requests for TIA and construction projects.  

ESSEX PROPERTY TRUST Asset Manager (WOODLAND HILLS, CA) Responsibilities include: developing renovation plans with value-add focus including market analysis, preparing financial analysis, and understanding the improvement itself in terms of its useful life and estimated costs to maintain and replace.  

HENDRICKS COMMERCIAL PROPERTIES Chief Operating Officer (BELOIT, WI) COO will provide leadership, management and vision necessary to ensure company has the proper operational controls, administrative and reporting procedures, and systems in place to effectively grow the organization and to ensure financial strength and operating efficiency.  

HINES Director (BELLEVUE, WA) Position will be responsible for managing multiple real estate development and/or redevelopment projects. In addition, Director will be responsible and accountable for project financial results and investment returns for Hines and its co-investors.