Director of Business Development- New York

Director of Business Development
SUMMARY
The Director of Business Development is a senior, hands‑on leader responsible for identifying, evaluating, and executing hotel management contract opportunities, acquisitions, conversions, and strategic initiatives. Reporting to the VP of Business Development, the Director manages complex workstreams, maintains direct owner relationships, and delivers timely, accurate recommendations to executive leadership.

The anticipated salary range for this position is

$125,000–$135,000 annually.

In addition to base salary, this role is eligible for

a generous annual uncapped incentive bonus

aligned with established performance targets, as outlined in the Incentive Plan. M&R Hotel Management carefully evaluates multiple factors when determining compensation, including work location, professional background, experience, and performance. Final compensation decisions are made based on the specific facts and circumstances of each individual case.

KEY RESPONSIBILITIES
Pipeline & Opportunity Development

Research target markets and ownership groups; qualify leads against M&R's strategic and financial criteria

Build and maintain relationships with owners, investors, brokers, lenders, developers, and franchisors

Track pipeline activity, probability, fees, and key dates in the CRM; represent M&R at industry conferences and events

Underwriting & Proposal Development

Build hotel operating projections (occupancy, ADR, RevPAR, revenue, labor, fees) and development/renovation budgets

Conduct market and competitive analysis using STR, CoStar, appraisals, and financial statements

Prepare management proposals, investment memoranda, and presentation materials for VP and executive review

Due Diligence & Transaction Management

Develop and manage due diligence plans, data-room indexes, action logs, and critical date tracking

Coordinate property inspections, operational reviews, financial/brand/legal diligence, and related workstreams

Review management and franchise agreements, LOIs, and PSAs from a business perspective; support negotiations within approved parameters

Owner & Cross‑Functional Coordination

Serve as day‑to‑day owner contact for assigned opportunities; provide responsive follow‑up and clear next steps

Coordinate internal participation from Operations, Finance, Revenue Management, Sales & Marketing, HR, IT, and Legal

Manage franchisor relationships, brand approvals, change‑of‑ownership processes, and conversion requirements

Onboarding & Reporting

Prepare comprehensive written handoffs for each executed agreement; track onboarding milestones through opening

Provide accurate pipeline updates, transaction reports, and risk summaries to the VP of Business Development

Contribute to template development, underwriting standards, and process improvement initiatives

QUALIFICATIONS
Education & Experience

Bachelor's degree in Hospitality Management, Finance, Real Estate, Business Administration, or related field; MBA preferred

7+ years of progressively responsible experience in hotel business development, acquisitions, development, investment, or related field

3+ years independently managing complex analyses, due diligence processes, and owner relationships

Demonstrated experience supporting negotiation of hotel management agreements and related transaction documents

Skills & Technical Competencies

Advanced financial modeling: hotel operating projections, pro formas, development budgets, return analyses, and sensitivity cases

Strong command of hotel KPIs: occupancy, ADR, RevPAR, GOP, NOI, flow-through, management fees, and franchise costs

Proficiency in Microsoft Excel, PowerPoint, and Word; CRM experience and hotel data tools preferred

Strong business writing: executive summaries, proposals, issue lists, and investment memoranda

Leadership & Professional Attributes

Commercial judgment, analytical rigor, and ability to distinguish material risks from routine details

Organized, detail‑oriented, and effective managing multiple transaction workstreams under deadline pressure

Collaborative, accountable, and able to work independently within defined authority while escalating appropriately

WORK ENVIRONMENT & TRAVEL

Office, hotel, and field environments; regular use of computers and virtual meeting platforms

Travel up to 40% — property inspections, market visits, owner meetings, conferences, and brand meetings

Availability outside standard hours as needed to support transactions, deadlines, and owner communications

M&R Hotel Management is committed to equal employment opportunity. Qualified individuals must be able to perform the essential functions of the position, with or without reasonable accommodation. Associates or applicants who require a reasonable accommodation should contact the People & Culture Department.

M&R Hotel Management participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

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