Development Intern

Development Intern

Position Summary: The Development Intern supports the development team by researching, evaluating, organizing, and presenting information used in the research, acquisition, zoning, and development of new Drury Hotel sites. The role provides analytical and administrative support across target markets and prospective project sites to inform development decisions.

Key Responsibilities

• Gather, compile, and analyze competitive hotel data in target markets, including location, size, scale, age, and performance

• Identify, evaluate, and summarize market demand generators, including universities, hospitals, office parks, and residential density.

• Prepare demographic reports and summarize trends in population growth and income levels.

• Research and summarize zoning requirements for target markets and project sites, including permitted uses, density, parking, building heights, and signage.

• Compile traffic counts, research highway plans, and identify proposed short- and long-term changes that may affect a market or site.

• Research and summarize impact fees and development costs to support budget preparation.• Locate and compile comparable sales and summarize land values and tax rates.

• Prepare exhibits for market reports, real estate committee packets, and internal communications.

• Travel with the development team to evaluate markets and prospective sites.• Assist in analyzing historical hotel construction costs and performance metrics to support project budgets and pro formas.

• Maintain and improve the organization of development data and assist the team in presenting information clearly to support decision-making. Qualifications and Skills

• General knowledge of real estate, real estate development, and business fundamentals.

• Strong research and analytical skills, including data collection, validation, auditing, and analysis.

• A positive attitude, persistence, and a solution-oriented approach to daily tasks and challenges.

• Ability to collaborate effectively, take direction, and think critically.

• Strong organizational and time-management skills, with the ability to manage multiple assignments and prioritize workload.

• Strong written and verbal communication skills, including the ability to summarize data, prepare reports, and present information for internal decision-making.

• Flexibility in approaching tasks and identifying alternative methods and improvements.

• Working knowledge of Microsoft Outlook, Word, Excel, and PowerPoint; Excel data analysis skills are preferred.

• A strong work ethic and attention to detail, with a commitment to accurate and complete work.

Education and Experience

Candidates must be currently enrolled in an MBA program or be rising seniors pursuing a bachelor’s degree. An academic focus in real estate, market research, data analytics, or finance is preferred. No professional work experience is required. Candidates must demonstrate a record of success in an academic or professional setting. Prior coursework or experience in market research and data analysis is preferred.

Schedule and Physical Requirements

• Full-time schedule based on a 40-hour workweek.

• Ability to travel intermittently, typically overnight.

• Ability to work at a computer for extended periods.

• Ability to walk and stand for extended periods.

• Ability to lift 15–30 pounds intermittently

Reporting and Working Relationships

• Reports to a Associate, Manager, or Director, as assigned within the department.

• Collaborates with development team members and DDC personnel.

Professional Development

The Development Intern will receive additional assignments and projects as part of ongoing training and skill development. Opportunities for increased responsibility and potential advancement will be based on demonstrated readiness to support increasingly complex development activities and the needs of the department.

Compensation

This is a paid summer long internship based in St. Louis, MO. Lodging can also be supplied if necessary.