Director of Development - MEA

Millennium-Hotels-and-Resorts-Mea; Dubai; On-site; AED 700,000 - 1,100,000; Full time

Job summary

Millennium Hotels & Resorts MEA is seeking a Director of Development to drive growth across the Dubai portfolio. The role focuses on identifying strategic opportunities, conducting market analyses, and managing partnerships to ensure successful project execution and openings.

The incumbent will lead due diligence, coordinate with finance, legal, and operations, and oversee budgets and regulatory considerations to align with guest expectations and market demands.

Responsibilities

• Identify and evaluate strategic development opportunities in alignment with organizational goals.
• Conduct market analysis and feasibility studies to assess the viability of potential projects.
• Build and maintain relationships with property owners, developers, and other key stakeholders.
• Negotiate and secure agreements for new property developments, management contracts, and partnerships.
• Collaborate with cross-functional teams, including finance, legal, and operations, to facilitate project execution.
• Monitor industry trends, market dynamics, and competitor activities to inform development strategies.
• Lead the due diligence process for potential development projects, ensuring comprehensive assessments.
• Provide regular updates and reports to senior leadership on the progress and status of development initiatives.
• Oversee the successful launch and opening of new properties within the region.
• Manage and optimize the development budget, ensuring cost-effective and strategic allocation of resources.
• Stay informed about regulatory requirements, zoning laws, and other factors impacting development.
• Foster a collaborative and results-oriented culture within the development team.
• Represent the organization in development-related matters, both internally and externally.
• Collaborate with global development teams to ensure alignment with overall company strategies.
• Lead negotiations with property owners and developers to secure favorable terms and conditions.
• Provide guidance and support to property owners and developers throughout the development process.
• Ensure compliance with legal and contractual obligations related to development agreements.
• Champion a customer-centric approach, ensuring new developments align with guest expectations and market demands.

Job description

As the Director of Development, you hold a pivotal role in driving the growth and expansion of our portfolio. Your responsibilities encompass identifying strategic development opportunities and partnerships, and overseeing the successful execution of new projects. With a focus on market analysis, feasibility assessments, and relationship-building, you play a key role in shaping the future footprint and success of the company in the region.

Key Job Responsibilities:

• Identify and evaluate strategic development opportunities in alignment with organizational goals.

• Conduct market analysis and feasibility studies to assess the viability of potential projects.

• Build and maintain relationships with property owners, developers, and other key stakeholders.

• Negotiate and secure agreements for new property developments, management contracts, and partnerships.

• Collaborate with cross-functional teams, including finance, legal, and operations, to facilitate project execution.

• Monitor industry trends, market dynamics, and competitor activities to inform development strategies.

• Lead the due diligence process for potential development projects, ensuring comprehensive assessments.

• Provide regular updates and reports to senior leadership on the progress and status of development initiatives.

• Oversee the successful launch and opening of new properties within the region.

• Manage and optimize the development budget, ensuring cost-effective and strategic allocation of resources.

• Stay informed about regulatory requirements, zoning laws, and other factors impacting development.

• Foster a collaborative and results-oriented culture within the development team.

• Represent the organization in development-related matters, both internally and externally.

• Collaborate with global development teams to ensure alignment with overall company strategies.

• Lead negotiations with property owners and developers to secure favorable terms and conditions.

• Provide guidance and support to property owners and developers throughout the development process.

• Ensure compliance with legal and contractual obligations related to development agreements.

• Champion a customer-centric approach, ensuring new developments align with guest expectations and market demands.