Development Manager / Real Estate Associate (m/f/x)

as of now - fulltime - in Berlin, Germany

As Europe's largest hostel chain, a&o is big, diverse and always has a smile. We realize our mission "everyone can travel" through low prices and steady growth. We have set ourselves the goal of being CO2-neutral by 2025.

To support our Business Development Team we are looking for you - a Development Manager / Real Estate Associate (m/f/x).

Since a&o’s acquisition by Stepstone Group Real Estate, we are growing fast and looking to expand across European cities, though acquiring and leasing hotels and hostels. In the hospitality industry, this is a rare opportunity on the real estate investment side of the business. And with our flat team structure, the successful candidate will personally develop, gain exposure and responsibility much quicker.

YOUR JOB

• You will lead the acquisition of suitable properties primarily in the DACH region
• You will be to provide analytical support during real estate transactions for the entire team, including financial analysis, underwrite process, support during the entire transaction process
• You assist with market and financial analysis during acquisition, lease opportunity and financing processes
• You create and update financial models for acquisitions and lease opportunities with the support of the Development Managers
• You prepare investment memorandums and information packages for the internal investment committee, board of directors and financial institutions
• You analyse operational data of existing hostel properties (monthly reporting, budgets) for performance benchmark and underwriting purposes
• You support our Head of Development throughout transactions (LOIs, structuring, review and negotiation of transactional documents)
• You analyse potential development and capital project proposals to ensure they contribute to operating performance and meet investment return criteria (special projects)

YOUR PROFILE

• You have an in-depth understanding of real estate acquisition and its dynamics as well as a strong interest in the hospitality sector
• You have earned 3-4 years of experience in an analytical, investment or real estate development role
• Strong research and analytical skills describe your personality
• You possess a good understanding of profit and loss statements, balance sheets and cash-flow statements
• You are able to work on your own initiative, whether independently or as part of a team
• Good organisational skills with the ability to prioritise tasks and attention to detail
• You have strong written and oral skills in English and German. Other European languages are an advantage, but not a must
• Professional attitude showing credibility and appropriate verbal and non-verbal behaviour with clients and colleagues
• You are skilled in using MS Office (incl. MS Excel and PowerPoint) and financial modelling

OUR OFFER

• Staff members stay for 1 Euro in all a&o hostels
• attractive corporate benefits such as discounted leisure activities and events
• subsidized language courses
• Subsidized company pension scheme
• 100% coverage of your public transport costs (job ticket)
• support for your further education in the form of various trainings
• Mental Health: We offer you free and anonymous mental health coaching from our independent partner “Likeminded”, who will support you with professional, private and health-related challenges
• Of course we provide drinks, fruit and vegetables on a daily basis
• Seniority bonuses in the form of cash bonuses and additional vacation days
• room for the implementation of own ideas
• Short decision-making processes and open communication

Does this sound attractive to you? We are very happy to receive your application (resume and cover letter in English, desired salary, earliest possibly starting-date).

Apply online!

Simon Lee
Head of Development