Asset Management Director

Michael Page; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading company in Saudi Arabia is seeking a seasoned professional to manage hospitality assets under various agreements. The role involves overseeing financial performance, ensuring operational excellence, and fostering relationships with partners. Candidates should have extensive experience in asset management and strong leadership skills. A competitive remuneration package is offered, aligning with industry standards.

Benefits

Competitive remuneration package

Industry-related benefits

Qualifications

• 15+ years of experience in hospitality management or related fields.
• Demonstrated proficiency in oral and written English and Arabic.

Responsibilities

• Manage properties under Asset Management/Advisory Agreements.
• Report on financial performance and metrics of assets.
• Assist with Hotel Management Agreement discussions and negotiations.

Skills

Asset Management

Hotel Management Agreements

Brand License

Technical Services

Education

Bachelor's degree in Hospitality

Bachelor's degree in Business Administration

Master's degree

Job description

Responsible for managing properties under Asset Management/Advisory Agreements. Assist in engaging with Operators across the Hospitality Asset portfolio, participating in discussions and negotiations related to Hotel Management Agreements, Technical Service Agreements, Brand License Agreements, and Branded Residences Agreements.

Client Details

Our client is a large-scale development aligned with Saudi Vision 2030. The company supports the development of world-class tourism, real estate, and infrastructure for an important historic site from inception to completion.

Description

1. Manage the properties under the Asset Management/Asset Management Advisory Agreements (AMAs).
2. Report on the progress of pre-opening/opening activities of assets under AMAs, including monthly performance indicators such as financial performance and other relevant metrics.
3. Assist with Hotel Management Agreement (HMA) discussions, negotiations, and formalization of agreements. Help identify potential brands and operators for unallocated sites.
4. Hold operating partners accountable to maintain high standards of service, quality, and profitability.
5. Foster strong relationships with partners for each asset.
6. Implement best practices for property management to support the growth of asset value.
7. Monitor the financial performance of assigned assets against the approved budget, identify areas of improvement, and recommend corrective actions as necessary.
8. Ensure the implementation of policies, procedures, and controls to maintain operational excellence in line with regulatory requirements.

Profile

The successful candidate will have substantial experience in Asset Management with a focus on hospitality projects. Strong leadership and management skills are required.

Bachelor's degree in Hospitality, Business Administration, or a related field. A master's degree is preferred. Additional professional certification is a plus. 15+ years of experience in hospitality management or related fields. Demonstrated proficiency in oral and written English and Arabic.

Job Offer

This is an opportunity to advance within this market leader. A competitive remuneration package with industry-related benefits.

Skills

Asset Management, Hotel Management Agreements, Brand License, Technical Services