Manager - Hospitality Asset Management - 20005483REP (HB4)

About the Role

Job Summary

Key Responsibilities

• **Asset Oversight**
• + Manage a portfolio of hotel assets across various stages – pre-development, development, pre-opening, and operations.
• + Monitor operator performance, ensuring alignment with ownership objectives and brand standards.
• + Analyze financial and operational KPIs (e.g., RevPAR, GOP, NOI, flow-through) and recommend strategies to improve performance.
• **Development & Pre-Opening**
• + Support feasibility studies, brand selection, and contract negotiations (HMA, TA, LOI).
• + Coordinate with development teams, designers, and project managers to ensure delivery aligns with brand and operational requirements.
• + Assist in pre-opening budget reviews, FF&E procurement, and operational readiness activities.
• **Strategic Planning & Reporting**
• + Prepare asset management reports, investment memos, and board presentations.
• + Work closely with finance, legal, and development teams to ensure smooth execution of asset strategies.
• + Assist in annual business plan and CapEx reviews with hotel operators.
• **Stakeholder Engagement**
• + Serve as a key point of contact between ownership, operators, and external consultants.
• + Conduct regular site visits and performance review meetings with hotel GMs and management teams.
• + Ensure compliance with local regulations and ownership standards.

What We Offer

• Career development opportunities within a rapidly growing hospitality investment platform
• Collaborative and dynamic work environment
• Exposure to high-profile hotel and mixed-use developments in Saudi Arabia
• Competitive salary and performance-based bonus

Requirements

• Bachelor’s degree in hospitality management, or related field
• Minimum **3 years** of relevant experience in hotel asset management, development, or hospitality consulting
• Strong financial acumen and ability to interpret hotel operating statements and budgets
• In-depth understanding of financial principles, budgeting processes, and asset lifecycle management.
• Excellent communication and negotiation skills and stakeholder management capabilities
• Proficient in Microsoft Excel, PowerPoint, and hospitality data tools (e.g., STR, HotStats)
• Bilingual in Arabic and English (preferred)

Preferred Backgrounds

• Prior experience working **with or for** international hotel brands or operators (e.g., Marriott, Hilton, Accor)
• Prior experience working within the master developer organisation, developing large hospitality or mixed-use projects