Business Development Manager

OYO; Visakhapatnam; On-site; INR 600,000 - 1,200,000; Full time

Job summary

OYO in Visakhapatnam seeks a property acquisition professional to identify commercial properties for new hotels, negotiate terms, and finalize acquisition deals. You will work with developers, landlords, and brokers to establish profitable partnerships.

You will coordinate legal due diligence, manage onboarding processes, and monitor operator performance to maximize SOB portfolio margins. Build a strong deal pipeline through owner and operator relationships.

Responsibilities

• Responsible for identifying suitable commercial properties for opening new hotels in assigned geography, negotiating commercials, scope of work & finalizing acquisition deals
• Building joint business plans with key partners like property developers, landlords, project consultants, property brokers in order to have a profitable business association for OYO & its stakeholders
• Liaising for legal due diligence and paperwork involved in signing & acquiring SOB portfolio
• Coordinating with various departments internally during the property onboarding process to ensure end-to-end closure on each property launch on ground
• Evaluate operator performance & inventory management to generate contribution margin from SOB portfolio and action as needed
• Develop and maintain a healthy pipeline of growth opportunities, both organic growth and acquisitions through strong relationships with owners & operators

Job description

Roles and Responsibilities

• Responsible for identifying suitable commercial properties for opening new hotels in assigned geography, negotiating commercials, scope of work & finalizing acquisition deals
• Building join business plans with key partners like property developers, landlords, project consultants, property brokers in order to have a profitable business association for OYO & its stakeholders
• Liaising for legal due diligence and paperwork involved in signing & acquiring SOB portfolio
• Coordinating with various department internally during the property onboarding process to ensure end-to-end closure on each property launch on ground
• Evaluate operator performance & inventory management to generate contribution margin from SOB portfolio and action as needed
• Develop and maintain a healthy pipeline of growth opportunities, both organic growth and acquisitions through strong relationships with owners & operators