Senior Specialist - Asset Management - 20000164

Qiddiya Investment Company; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A premier entertainment and hospitality project in Saudi Arabia is looking for a motivated Hotel Senior Specialist. This role focuses on hotel asset management from concept to operations, requiring at least 3 years of relevant experience. Candidates should have a strong financial acumen and understanding of the hospitality landscape, along with excellent stakeholder management and communication skills. Opportunities for professional growth in a transformative environment are abundant.

Qualifications

• Minimum 3 years of relevant experience in hotel asset management, development, or hospitality consulting.
• Prior experience working with or for international hotel brands or operators.
• Strong ability to interpret hotel operating statements and budgets.

Responsibilities

• Manage a portfolio of hotel assets across various stages.
• Conduct feasibility studies, brand selection, and contract negotiations.
• Prepare asset management reports and investment memos.

Skills

Hotel asset management

Financial acumen

Stakeholder management

Communication

Negotiation

Education

Bachelor's degree in hospitality management or related field

Tools

Microsoft Excel

PowerPoint

Hospitality data tools (e.g., STR, HotStats)

Job description

Qiddiya is Saudi Arabia’s future capital of entertainment, sports, and culture — a 360 km² mega‑project just outside Riyadh. From F1‑grade racetracks and theme parks to stadiums and performance venues, we’re creating a destination like no other. This is more than a project — it’s a national transformation. As construction accelerates, we’re hiring ambitious talent to help shape it. If you’re driven by scale, impact, and the chance to build something iconic from the ground up — Qiddiya is calling.

Job Summary: We are seeking a motivated and detail‑oriented Hotel Senior Specialist to join our growing team. This role is ideal for a candidate with at least 3 years of experience in hospitality asset management or development, who can manage hotel assets from concept and planning stages through to operations and performance optimization. The Senior Specialist will play a key role in maximizing the value of hotel assets by overseeing operator relationships, monitoring performance, and supporting development and pre‑opening activities for new hotel projects. The ideal candidate will be an Arabic and English speaker, and have a strong understanding of both the local and international hospitality landscape.

Key Responsibilities

• Asset Oversight: Manage a portfolio of hotel assets across various stages – pre‑development, development, pre‑opening, and operations. Monitor operator performance, ensuring alignment with ownership objectives and brand standards. Analyze financial and operational KPIs (e.g., RevPAR, GOP, NOI, flow‑through) and recommend strategies to improve performance.
• Development & Pre‑Opening Support: Conduct feasibility studies, brand selection, and contract negotiations (HMA, TA, LOI). Coordinate with development teams, designers, and project managers to ensure delivery aligns with brand and operational requirements. Assist in pre‑opening budget reviews, FF&E procurement, and operational readiness activities.
• Strategic Planning & Reporting: Prepare asset management reports, investment memos, and board presentations. Work closely with finance, legal, and development teams to ensure smooth execution of asset strategies. Assist in annual business plan and CapEx reviews with hotel operators.
• Stakeholder Engagement: Serve as a key point of contact between ownership, operators, and external consultants. Conduct regular site visits and performance review meetings with hotel GMs and management teams. Ensure compliance with local regulations and ownership standards.

Qualifications

• Bachelor’s degree in hospitality management, or related field.
• Minimum 3 years of relevant experience in hotel asset management, development, or hospitality consulting.
• Prior experience working with or for international hotel brands or operators (e.g., Marriott, Hilton, Accor).
• Strong financial acumen and ability to interpret hotel operating statements and budgets.
• In‑depth understanding of financial principles, budgeting processes, and asset lifecycle management.
• Excellent communication and negotiation skills and stakeholder management capabilities.
• Proficient in Microsoft Excel, PowerPoint, and hospitality data tools (e.g., STR, HotStats).