Hospitality Portfolio Leader
3 days ago
About Us:
Qiddiya Investment Company is developing hotels as part of its Qiddiya City project. The Senior Director – Asset Management will lead the Asset Management hospitality portfolio team.
Key Responsibilities:
- Assist in developing and implementing the Asset Management Framework for hospitality assets in Qiddiya.
- Lead the design and implementation of the Asset Management (Hospitality) team structure and hiring process.
- Contribute to the development and implementation of operational policies, standards, and KPIs for hospitality assets.
- Negotiate and execute hospitality management agreements (HMAs) with external partners.
- Coordinate asset handover, onboarding of hotel operators, and pre-opening activities.
- Establish strategic relationships with hotel operators and service providers.
- Work collaboratively with the Asset Management – Facility Management team to develop a Hospitality ESG Strategy.
- Promote collaboration with other Asset Class leads to enhance customer experience and operational efficiency.
- Regularly review and analyze asset and portfolio performance data.
- Develop and implement strategies to meet or exceed performance targets.
- Analyze hotel operations, business plans, and capital investments to inform decision-making.
- Provide recommendations for short- and long-term strategic plans for hotel assets.
- Stay up-to-date on market trends affecting the hospitality industry.
- Monitor operating performance to ensure optimal returns on investment.
- Maintain open communication with hotel executive teams regarding performance updates.
- Address ownership issues proactively to protect asset value.
- Oversee capital deployment and monitoring for each hotel's short- and long-term plans.
- Prepare detailed investment analyses and recommendations.
- Evaluate return on investment for assets and proposed projects.
- Identify opportunities for value enhancement within the portfolio.
- Contribute to regular reporting on portfolio performance to stakeholders.
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