Hospitality Portfolio Lead

4 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Qiddiya Investment Company Full time
Key Responsibilities

The Senior Director - Asset Management will be responsible for leading the Asset Management hospitality portfolio team, overseeing multiple hotels, and ensuring the smooth opening and optimization of the QIC hotel portfolio.

Leadership Role
  • Team Leadership: Lead the Asset Management hospitality portfolio team.
  • Hotel Oversight: Oversee multiple hotels.
  • Performance Optimization: Ensure the smooth opening and optimization of the QIC hotel portfolio.
Functional Responsibilities
  • Asset Management Framework: Develop and implement the Asset Management Framework for hospitality assets in Qiddiya.
  • Team Structure and Hiring: Design the Asset Management (Hospitality) team structure and implement hiring.
  • Operational Policies and KPIs: Develop and implement Qiddiya Asset Management operational policies, standards, and KPIs for hospitality assets.
  • Agreement Negotiation and Execution: Manage the negotiation and execution of all hospitality management agreements (HMAs).
  • Asset Handover and Onboarding: Manage the asset handover, onboarding of all hotel operators, and pre-opening activities, budgets, business plans, etc. for all hotel assets.
  • Strategic Relationships: Develop strategic relationships with all hotel operators and service providers.
  • Hospitality ESG Strategy: Develop and implement a Hospitality ESG Strategy for Qiddiya Asset Management.
  • Collaboration and Synergies: Collaborate with other Asset Class leads to optimize overall Qiddiya customer experience.
  • Performance Monitoring and Analysis: Continually monitor and analyze asset and portfolio performance and risk.
  • Strategic Responses: Develop and implement strategic responses to performance.
  • Hotel Operations and Business Planning: Analyze hotel operations, business plans, capital investments, sales & marketing plans, and strategic alternatives.
  • Recommendations and Plans: Formulate and make recommendations for short and long-term strategic plans for the hotel assets.
  • Market Research and Trends: Research and remain close to all markets affecting the hospitality industry.
  • Return on Investment: Examine and monitor the operating performance of the assets.
  • Review and Meeting with Hotel Executive Teams: Meet with hotel executive teams to review operating performance and business plans.
  • Ownership Issues and Capital Deployment: Identify and resolve ownership issues and deploy capital effectively.
  • Investment Summaries and Recommendations: Prepare investment summaries and make recommendations for major hotel expenditures.
  • Return on Investment and Profit Improvement Projects: Monitor and analyze return on investment for the assets and profit improving projects.
  • Value Enhancement Opportunities: Identify value enhancement opportunities within the portfolio.
  • Internal Reports: Provide input to internal reports for all assets in the hospitality portfolio.


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