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The Counsel, Real Estate will be a business-oriented, legal advisor responsible for all aspects of Park Hotels and Resorts' legal work. Park Hotels & Resorts Inc. is a leading lodging real estate company with a diverse portfolio of iconic and market-leading hotels and resorts consisting of 67 premium-branded assets with approximately 35,000 rooms.
Responsibilities include the following:
Managing, drafting and negotiating a wide range of real estate and related documents, including hotel management agreements, leases and subleases, construction agreements, condominium documents, utility contracts, service agreements and easements
Counseling asset management teams on a wide variety of legal matters arising from the day-to-day operations of hotel assets, including negotiations or problem solving with third-party hotel operators or franchisors and obtaining necessary approvals from lenders, landlords and joint venture partners
Managing and/or participating in all aspects of real property acquisition and disposition, including purchase and sale agreement negotiation, contract review, title and survey review and other due diligence
Participating in all aspects of real estate financing, including the review, drafting and negotiation of term sheets and loan documents, coordinating and responding to lender due diligence requests, and preparing for and handling closings
Managing, drafting and negotiating joint venture agreements and company formation documents for real estate-owning entities
Participating in the analysis and oversight of land use, entitlement, zoning and permitting matters
Participating in the oversight of various insurance claims and related matters arising from the company’s real estate
Drafting and negotiating a variety of other commercial and corporate contracts, including confidentiality agreements, vendor contracts, consulting agreements and license agreements
Resolving disputes with vendors, landlords, tenants, lenders, managers, service providers, joint venture partners and others
Conducting effective management of outside attorneys and other third-party service providers
To fulfill this role successfully, you must possess the following minimum qualifications and experience:
JD degree from a top tier law school with strong academic performance
Active and in good standing with bar admission in at least one state
5 years of relevant experience working for a law firm and/or as in-house counsel.
It would be advantageous in this position for you to demonstrate the following capabilities and distinctions:
Lodging and/or REIT experience
Excellent writing, editing, contract drafting and oral advocacy skills
Superior consulting, analytical and problem-solving abilities
Extremely responsive and a collaborative team player
Exceptional organizational skills and attention to detail
Ability to handle multiple, high priority projects in a highly demanding environment
Hands-on, energetic and motivated self-starter
Excellent judgment and common sense
A practical, business-oriented approach to solving problems
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.
Park Hotels & Resorts is the power behind the proactive portfolio. As a preeminent Lodging REIT, we focus on delivering superior risk-adjusted returns for shareholders as well as creating exceptional growth opportunities for team members. Our size, scale, and underlying value mean we have the strength to energetically invest in irreplaceable and iconic properties that drive the growth we want in t...omorrow’s portfolio, today.
Grounded in financials yet inspired by world-class real estate investment and the value it creates, our portfolio consists of 67 premium branded hotels and resorts comprising over 35,000 rooms located in prime U.S. and international markets with high barriers to entry.
Our story works because the numbers work—with $2.7 billion of revenue, $756 million of Adjusted EBITDA, and $139 million of net income in 2016, Park is the second largest publicly traded lodging REIT. We have strong, flexible balance sheets with high dividend payouts that allow us to turn numbers into success stories for both our company and our people.