Real Estate & Construction Cost Modeling Intern at The Usual in The Usual Office The Hague

Job Description - Real Estate & Construction Cost Modeling Intern

Join us as

Welcome to The Usual, the design hotel and F&B hotspot you’ve been waiting for. Our incredible hotel offers more than just accommodation – it provides a warm and inviting atmosphere where guests are treated like friends. Join us in making more conscious travel The Usual.

In April 2024, we opened our first two hotels in Rotterdam and Brussels and have several more in the purchase phase. For our office in The Hague / Amsterdam, we are looking for someone to take on a (graduation) assignment in our Build & Development department, with a focus on construction cost model optimization for hotel development.  

Be you with us

We're committed to being a hotel that won’t treat the planet like a hotel. We think that travel can be a force for good. Our solution-oriented group of optimists is committed to offering welcoming city trips that empower and inspire our guests, our colleagues, and the locals to do good, every step of the way. 

At our workplace, we foster an empowering environment where individuals are encouraged to unleash their full potential. Our team embraces a warm and welcoming atmosphere, creating a sense of belonging and support for everyone. Collaboration is at the heart of our culture, as we believe that great achievements are made through teamwork and shared ideas. We are a game-changing company, constantly pushing boundaries and challenging the status quo of traditional hospitality. Join us and experience a workplace where being your authentic self is celebrated. 

The role

Based on data from our previous hotel developments, we have built a construction cost model in Excel to support the financial analysis of new hotel acquisition projects. This model helps us understand, estimate, and benchmark build-out costs. However, it’s still a work in progress.

Your challenge will be to:

Optimize and improve the structure and logic of the current Excel-based model
Streamline and integrate data from other development projects
Make the model user-friendly and scalable for future hotel projects
Set it up so it remains easily updatable with new market data over time

This internship and/or graduation assignment offers a deep dive into real estate development, construction cost analysis, and the hospitality industry from the inside out.

Your superpowers and requirements

You are someone who:

Has a strong interest in construction processes and cost structures
Is comfortable working with Excel and formulas
Has good analytical and problem-solving skills
Has a background or interest in real estate or hospitality (a plus!)
Is currently studying at HBO level in a relevant field (e.g., Built Environment, Real Estate, Hospitality Management, Business Analytics, Finance)

What's in it for you?

Internship allowance of €500,- per month
First-hand experience in hotel real estate development
Insights into the acquisition and construction process of hospitality assets
A practical understanding of how complete hotel cost structures are built up
Mentorship and support from an experienced, entrepreneurial team

How we work

We are proud to be an equal opportunity workplace. We strive to be open, honest, and inclusive, and we believe that these values are essential for everyone to be their best selves. We don't believe in a one-size-fits-all approach - we want to hear about your passions and help you build a career that fits your needs! There is freedom for growth, change, and defining our culture together.

Contact information

Apply now if the above sounds like your dream internship.

Do you have any questions? Please don’t hesitate to reach out; we can’t wait to meet you! You can reach out to Michiel Wentges at michiel.wentges@theusual.com.

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Real Estate & Construction Cost Modeling Intern