Senior Director - Asset Management

Qiddiya Investment Company; Riyadh; On-site; SAR 300,000 - 450,000; Full time

Job summary

A leading company is seeking a Senior Director of Asset Management for Hospitality to oversee a portfolio of hotels within the Qiddiya City project. The role involves developing management frameworks, negotiating agreements, and ensuring optimal performance of hospitality assets.

Qualifications

• Over 20 years of real estate Asset Management experience.
• More than 10 years in a leadership role.

Responsibilities

• Develop and implement the Hospitality Asset Management Strategy.
• Manage negotiations and execution of hotel management agreements.
• Monitor and analyze performance and risks across the portfolio.

Skills

Leadership

Negotiation

Strategic Planning

Education

Bachelor's degree in Real Estate

Bachelor's degree in Business

Bachelor's degree in Hospitality Management

Job description

Job Title: Senior Director Asset Management - Hospitality

Qualifications:

• Bachelor's degree in Real Estate, Business, or Hospitality Management.
• Experience in hotel pre-opening and operations.

Experience:

• Over 20 years of real estate Asset Management with a focus on hospitality assets.
• More than 10 years in a leadership role.
• International experience, including prior work within the MENA region (preferred).

Vacancy: 1

Job Overview:

The Senior Director Asset Management will lead a hospitality portfolio team overseeing multiple hotels, ensuring smooth openings and optimizing performance within the Qiddiya City development project. Responsibilities include developing asset management frameworks, negotiating management agreements, managing hotel operations, developing strategic relationships, and analyzing asset performance.

Key Responsibilities:

1. Develop and implement the Hospitality Asset Management Strategy (HAMS).
2. Design and build the Asset Management team structure, including hiring.
3. Establish operational policies, standards, and KPIs for hospitality assets.
4. Manage negotiations and execution of hotel management agreements.
5. Oversee hotel handovers, onboarding, pre-opening activities, and budgets.
6. Build relationships with hotel operators and service providers.
7. Develop and implement ESG strategies aligned with city commitments.
8. Collaborate with other asset class teams to enhance customer experience and asset performance.
9. Monitor and analyze performance and risks across the portfolio.
10. Formulate strategic responses to performance issues.
11. Analyze operations, business plans, and market trends.
12. Make recommendations for strategic plans and investments.
13. Research market conditions affecting hospitality assets.
14. Review operational performance with hotel teams regularly.
15. Address ownership issues proactively.
16. Manage capital deployment and monitor investments.
17. Prepare investment summaries and expenditure recommendations.
18. Identify value enhancement opportunities.
19. Report performance to the Executive Committee.

Note: The description has been refined to improve clarity, structure, and focus, adhering to the original content and requirements.