Asset Manager

Born from the vision to elevate Dubai's global prominence, Wasl was founded on May 25, 2008, with the mission to transform the city into an even more captivating destination for residents, businesses, and visitors alike. Created from the union of the Dubai Development Board and Real Estate Department, Wasl embarked on a journey of seamless integration. This strategic merger not only streamlined operations but also empowered our team with enhanced expertise, enabling us to adopt dynamic, market-driven investment strategies.

Today, Wasl stands tall as a cornerstone of Dubai's real estate landscape. As one of the city's largest and most diversified real estate management companies, we proudly oversee an expansive portfolio of landmark assets, entrusted to us by DREC and other esteemed partners.

Position Title: Asset Manager Reports to: Head of Hospitality Asset Management Division: Hospitality & Leisure Department: Wasl Hospitality

Asset Manager will assist in optimizing the performance and value of the company’s hotel investment portfolio.

This role entails analyzing hotel operations, financial performance, and strategic planning to boost profitability and asset value.

Review and analyze Hotel Profit and Loss (P&L) statements.

Produce comprehensive reports and presentations as requested by management.

Identify inefficiencies in hotel P&L statements and share Wasl's benchmarking tools to highlight potential KPIs.

Serve as the primary contact for hotels on special projects, deep dives, and data collection efforts.

Prepare detailed trend analysis reports with conclusions and comments on major KPIs and business drivers.

Ensure accurate and timely data migration to the wasl Hospitality dashboard using Microsoft BI.

Continuously enhance BI data analysis tools to improve data insights.

Support Asset Managers and actively participate in business review meetings.

Engage in the budget review process by analyzing hotel budgets and commenting on major KPIs based on market research and trend analysis.

Review monthly forecast reports and highlight potential risk areas.

Review feasibility studies and ROI projections submitted by hotels, providing comments and suggestions.

Gather market intelligence and benchmarking reports, providing actionable recommendations to optimize performance.

Review hotel financial reports prior to business review meetings to ensure accuracy and completeness.

Act as custodian of hotels' loose and fixed assets.

Monitor and review asset disposal forms and annual audit reports from hotels.

Support Asset Managers in synergy and cost management activities across the wider portfolio.

Maintain a comprehensive database of hospitality partners, including hotel and F&B operators and potential tenants.

Review and critique hotels' asset strategy plans.

Monitor and track the achievement of targets on a monthly and quarterly basis.

Internal: Support functions like Finance, Projects, RED, Investments.

External: Hotel team, Executive Committee, Hotel Directors, Heads of departments and General Manager of Hotels

Knowledge of the hospitality industry and market trends.

Familiarity with hotel benchmarking reports and tools such as STR.

Experience in conducting feasibility studies and ROI projections.

Proficiency in Business Intelligence & MS Office suite especially Excel & Power Point

2 – 3 years’ experience working with a hotel asset management related consultancy or a hotel investment company.

At Wasl, we are more than just a real estate company. We are active contributors to Dubai's thriving economy, fostering enduring relationships with our valued stakeholders. Our customer-centric approach is rooted in trust, respect, and a relentless pursuit of innovation in every aspect of asset management.