Property Acquisition Manager

Job role:

Duration:

Location:

Field Experience

The Hosteller is looking for an energetic and ambitious On-Field Supply Manager to join our team at The Hosteller. As a key member of our supply team, you will be responsible for expanding our network of hostels, forging strategic partnerships, and driving revenue growth. If you are passionate about travel, hospitality, and building relationships, we want to hear from you!

Key Responsibilities:

• Conduct on-field prospecting and lead generation activities to identify potential locations and properties for new hostels.
• Build and maintain strong relationships with property owners, landlords, real estate agents, and other stakeholders to facilitate lease agreements or property acquisitions.
• Collaborate with the management team to develop strategic expansion plans and prioritize target markets for hostel development
• Negotiate lease terms, rental agreements, and other contractual terms with property owners, ensuring favorable terms for The Hosteller
• Developing capabilities to identify underserved brownfield/greenfield commercial early on
• Conduct market research and analysis to identify trends, demand patterns, and competitor activities in target markets.
• Coordinating with research, transformation, operations, legal & various other teams to ensure seamless execution of expansion initiatives.
• Understanding infrastructure related health & MEP audits in order to take a decision to execute the deals of the new/prospective infrastructure
• Understanding the real estate market, prevalent commercial rentals as per various geographies & asset valuation and aligning it with the companys proposed rental expectation before executing the deal
• Documenting various workflow requirements, asset related paperwork (floor plans, buy/sell deeds, property registration & ownership related documents, water/electricity bills, etc.), infrastructural audits, etc.
• Building & managing a vast network of brokers & real estate agents across geographies

Required skills:

• Bachelor's degree in Business Administration, Marketing, Hospitality Management, or related field
• Proven track record of success in business development, sales, or real estate, preferably in the hospitality or travel industry
• Strong negotiation skills with the ability to influence and persuade others
• Strategic thinker with analytical abilities to assess market opportunities and develop effective business strategies
• Self-motivated and results-oriented with a proactive approach to problem-solving and decision-making
• Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities
• Willingness to travel extensively and work flexible hours as needed
• Proficiency in Microsoft Office Suite and CRM software