Director of Capital Projects

Director Of Capital Projects

Northbound Capital is a real estate investment and hospitality company focused on acquiring, renovating, repositioning, and operating independent boutique hotelsespecially in iconic outdoor and leisure markets. The Company combines disciplined underwriting, strategic capital deployment, and a proven operating platform (including the Weekender brand) to deliver risk-mitigated, above-average returns for accredited investors. With a track record of full-cycle hotel value creation and a commitment to aligning interests by investing alongside partners, Northbound Capital seeks to shape the future of travel and hospitality through thoughtful asset stewardship and long-term operational excellence.

The Director of Capital Projects is responsible for leading the planning, execution, and delivery of renovation and capital investment projects across our portfolio of boutique hotelsparticularly those under the new Weekender Fund investment vehicle. This role serves as the central point of contact for all phases of capital projects, including acquisition underwriting, construction budgeting, renovation oversight, and coordination between general contractors, subcontractors, vendors, and leadership teams.

This person will also oversee the successful launch and operational handoff of each renovated asset, ensuring smooth transitions to the on-site and corporate operations teams. As the internal owner's representative, this role will be a key liaison between Sponsor and Limited Partner investors, ensuring strategic alignment and consistent reporting across all projects.

The Director plays a vital role in site coordination, contractor communication, safety oversight, and delivering projects on time, on budget, and to brand standards.

Essential Duties and Responsibilities

The essential responsibilities include, but are not limited to the following:

Capital Project Oversight

• Lead end-to-end execution of hotel renovations, planning, implementation and management, tracking and reporting, solutioning, and overseeing and responsible for all renovation/development projects and ensuring they are accomplished successfully and to budget and timeline
• Oversee development of scopes of work, budgets, estimates, project schedules, and permitting/utility/gov't entity coordinating/etc. due diligence
• Coordinate directly with general contractors and construction managers to ensure timely and cost-effective execution of renovation plans
• Conduct regular site visits to assess progress, troubleshoot issues, and enforce quality and safety standards
• Assist in the preparation and review of contracts and insurance protocols between the company and general contractors
• Review RFIs, submittals, and pay applications submitted by contractors to ensure accuracy and alignment with project progress
• Establish and execute a strong reporting framework and manage this for the leadership team and ownership reporting on project management updates, budget to actual tracking, issues and wins, etc.

Project Transition & Handoff to Operations

• Partner with the Director of Hotel Operations to ensure seamless transition from renovation to operational readiness - from Northbound Capital asset renovation to Weekender for branding and long term day to day operations and management
• Oversee final punch lists, team training support, vendor onboarding, and systems setup for smooth property handoffs
• Ensure brand consistency, operational compliance, and guest-readiness prior to opening or relaunch
• Manage grand opening timelines, events, budgets, coordinate with Weekender leadership team, PR, Marketing, outside stakeholders, etc.

Acquisitions Support & Capital Planning

• Participate in property acquisition due diligence by evaluating existing conditions and renovation feasibility, budgeting, planning, timeline
• Provide scope recommendations, budget forecasting, and capital expenditure planning for value creation
• Align capital investment strategies with ownership goals and asset performance targets
• Support overall acquisitions and renovations functions

Cross-Functional Communication & Stakeholder Management

• Act as the point of coordination between hotel sites, corporate leadership, and construction partners
• Communicate project updates to the internal team in real-time as milestones are completed
• Prepare and present project status reports, risk updates, and financial summaries
• Support cross-departmental initiatives related to property development and operational integration

Quality Control & Compliance

• Monitor adherence to project specs, health and safety regulations, permitting requirements, and brand standards
• Implement consistent processes for capital project documentation, punch-out lists, and vendor closeouts

Identify opportunities for process improvement and cost efficiency across the portfolio

Success Measures

• On-Time & On-Budget Delivery: ?90% of capital projects delivered within approved timelines and within 5% of budget
• Quality & Brand Compliance: Renovations meet brand standards, safety requirements, and pass all inspections with minimal punch-list issues
• Operational Readiness: Seamless handoff to Operations with properties opening on schedule and fully guest-ready
• Financial & Capital Discipline: Accurate underwriting, controlled change orders, and demonstrated cost efficiency without sacrificing quality
• Stakeholder Confidence: Clear, consistent reporting and strong coordination with ownership, investors, contractors, and internal teams

Qualifications

• 5+ years of experience in project management, construction oversight, capital improvements, or real estate development, preferably in hospitality
• Proven success managing large-scale hotel renovations or construction projects
• Strong understanding of building systems, permitting, contractor oversight, and design processes
• Ability to manage multiple projects and priorities simultaneously across various locations
• Excellent communication, organizational, and leadership skills
• High financial acumen with experience in capital budgeting and cost management
• Proficiency with project management tools and hotel-related systems
• Flexibility and willingness to travel regularly, sometimes on short notice
• Must possess and maintain a valid driver's license with a clean driving record and be able to successfully pass a Motor Vehicle Record (MVR) check, as operating company vehicles is a requirement of this position.