Senior Associate, Development

This Senior Associate will play a key role on the Related Ross development team, supporting the execution of hospitality development projects — including branded hotels and mixed use assets — while also contributing to new deal origination and underwriting across the platform. The role spans the full project lifecycle, from site acquisition and feasibility through design, construction, opening, and stabilization, and includes a reporting component to external partners and stakeholders.

This Senior Associate will play a key role on the Related Ross development team, supporting the execution of hospitality development projects — including branded hotels and mixed use assets — while also contributing to new deal origination and underwriting across the platform. The role spans the full project lifecycle, from site acquisition and feasibility through design, construction, opening, and stabilization, and includes a reporting component to external partners and stakeholders.

This individual will focus on all aspects of hospitality acquisitions and development, including financial analysis and modeling, site acquisition, due diligence, zoning, legal document review, budgeting, construction, and design. The Senior Associate will prepare detailed financial analyses and models for transaction underwriting and return-on-investment analysis, provide key takeaways to business units, corporate finance, and senior management, and deliver timely explanations of variances between actual results and forecasts or budgets.

• Drive key work streams on hospitality development projects, including design coordination, construction monitoring, budgeting, management partner alignment, and pre-opening strategy, while also supporting new deal origination across site acquisition, financing, governmental approvals, and project positioning.
• Lead financial analysis and underwriting for hospitality deals, including pro forma modeling, sensitivity analysis, return-on-cost benchmarking, and the preparation of business plans, annual operating plans, financial forecasts, strategic plans, and investment memoranda.
• Support the negotiation and management of hotel management agreements (HMAs), restaurant management agreements, franchise agreements, and related brand documentation in coordination with internal legal and external counsel.
• Conduct market assessments, site assessments, zoning analyses, and other due diligence related to site acquisition and development feasibility for hotel and resort projects.
• Support asset management of the firm's operating hotel portfolio, including annual budgeting, monthly performance tracking, interfacing with management company partners on issues requiring owner approval, and forecasting ownership distributions.
• Perform research and analysis to benchmark trends in target hospitality markets by tracking RevPAR, ADR, occupancy, operating costs, competitive supply, and expansion activity.
• Regularly assess the financial and operational performance of assets at every stage of the project lifecycle, provide timely variance analyses against forecasts and budgets, and prepare detailed quarterly updates to present to senior leadership and external partners.
• Assist in the preparation and presentation of investment committee packages and board‑level materials.
• Coordinate with capital markets and finance teams on deal structuring, debt placement, and equity discussions for hospitality assets.
• Work cross‑functionally across development, design, construction, legal, and accounting teams to oversee project budgets, schedules, and milestone deliverables.
• Author internal and external correspondence including transaction descriptions, property overviews, offering…