Manager - Hospitality Asset Management - 20005483REP (HB4)
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About the Role
About The Role Qiddiya is Saudi Arabia's future capital of entertainment, sports, and culture — a 360 km² mega-project just outside Riyadh. From F1-grade racetracks and theme parks to stadiums and performance venues, we're creating a destination like no other.
Key Skills for This Role
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About The Role
Qiddiya is Saudi Arabia's future capital of entertainment, sports, and culture — a 360 km² mega-project just outside Riyadh.
From F1-grade racetracks and theme parks to stadiums and performance venues, we're creating a destination like no other.
This is more than a project — it's a national transformation.
As construction accelerates, we're hiring ambitious talent to help shape it.
If you're driven by scale, impact, and the chance to build something iconic from the ground up — Qiddiya is calling.
Job Summary
We are seeking a motivated and detail-oriented Hotel Asset Manager to join our growing team.
This role is ideal for a candidate with at least 3 years of experience in hospitality asset management or development, who can manage hotel assets from concept and planning stages through to operations and performance optimization.
The Asset Manager will play a key role in maximizing the value of hotel assets by overseeing operator relationships, monitoring performance, and supporting development and pre-opening activities for new hotel projects.
The ideal candidate will be an Arabic and English speaker, and have a strong understanding of both the local and international hospitality landscape.
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
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