To excel as a VP of Hotel Development, you need extensive experience in real estate development, finance, and project management, ideally with a degree in hospitality, business, or a related field. Familiarity with industry-standard financial modeling tools, property management systems, and real estate analysis software is expected, and professional certifications such as PMP or LEED accreditation are a plus. Leadership, strategic thinking, negotiation, and strong communication skills are essential for guiding teams and building partnerships. These competencies are crucial for driving successful hotel projects from concept to completion and ensuring alignment with business goals.