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

As Europes 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.

• 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)

• 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 Italian. 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

• 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