Director of Asset Management

Ruya Recruitment Ltd; Eastern Province; On-site; SAR 450,000 - 600,000; Full time

Job summary

Ruya Recruitment Ltd is recruiting an experienced Director of Asset Management for a leading hospitality group in Saudi Arabia. You will oversee asset performance, align with business objectives, and drive long-term value across the portfolio.

This senior leadership role concentrates on asset optimisation, commercial performance, and strategic governance with hotel operators, including budgeting oversight and stakeholder engagement across diverse hospitality assets.

Qualifications

• 10+ years of hospitality operations, hotel management, or asset management.
• Strong budgeting and financial performance knowledge.
• Experience with hotel operators or representing asset owners.
• Saudi hospitality market experience preferred.
• Bachelor's degree in a relevant field.

Responsibilities

• Oversee hospitality asset performance aligned with business objectives.
• Manage relationships with hotel operators and stakeholders.
• Review annual operating budgets and cost structures.
• Drive revenue optimisation, efficiency, and profitability.
• Monitor occupancy, revenue, and operating costs.
• Support strategic initiatives and asset management activities.

Skills

Asset management

Leadership

Negotiation

Stakeholder management

Budgeting

Education

Bachelor's degree

Job description

Our client, an established organisation in Saudi Arabia, is seeking an experienced Director of Asset Management to oversee its hospitality assets and support long-term business performance. This is a senior leadership opportunity focused on asset optimisation, commercial performance, and strategic oversight.

Key Responsibilities:

• Oversee hospitality asset performance and ensure alignment with business objectives
• Manage relationships with hotel operators and key stakeholders
• Review and negotiate annual operating budgets, financial performance, and cost structures
• Drive revenue optimisation, operational efficiency, and profitability
• Monitor key performance indicators, including occupancy, revenue, and operating costs
• Support strategic initiatives and oversee wider asset management activities

Qualifications:

• 10+ years of experience in hospitality operations, hotel management, or asset management
• Strong commercial understanding of hotel operations, budgeting, and financial performance
• Experience working with hotel operators or representing asset owners
• Proven ability to manage budgets, optimise costs, and drive asset performance
• Strong leadership, negotiation, and stakeholder management skills
• Experience within the Saudi hospitality market is strongly preferred
• Bachelor's degree in a relevant field

If you are ready to take on a strategic asset management leadership role with an established organisation, we would love to hear from you!