Director of feasibility

5 hours ago

Manama, Manama, Bahrain Client Of Domo Ventures W.L.L. Full time
About the Job: Director of Feasibility & Development Job Title: Director of Feasibility & Development Industry: Hospitality Location: Bahrain Reports To: Chief Executive Officer Job Summary: As a Director, Feasibility & Development, you will be actively engaged in the efforts to grow the business. You will support the company in setting strategic direction for hotel development efforts as well as supporting key strategic initiatives to enhance retention of existing hotels. You will work with members of the Strategic Development team, in coordination with partners primarily in HQ & Operations, to support the company's acquisition efforts at every phase of the deal process, from initial deal identification to feasibility, underwriting and investment analysis, diligence, deal structuring, and final approval by the Senior Leadership Team. Experience:
• Working closely with the Group CEO on all aspects of potential Development or acquisition opportunities in the hospitality sector in the GCC (particularly Saudi Arabia).
• Market research and analysis, including market supply and demand.
• Sourcing and screening potential opportunities including location analysis and project positioning.
• Financial and operational analysis of potential opportunities including business plans, financial projections, ROI, IRR, etc.
• Negotiating LOIs, HMA, and technical services agreements.
• Overseeing project development including design, construction, FF&E / OS&E selection, IT, etc.
• Reviewing contracts and attaining regulatory approvals.
• Advising on operations planning, preopening, manning requirements, hotel classification, branding, marketing alliances, and opening.
• Responsible for identifying potential opportunities for growth by adding new businesses to the existing portfolio.
• Overseeing market research, location appraisals, feasibility studies, etc.
• Providing support to companies operating hotel/business units and projects under development.
• Maximizing revenue, profit, and returns while meeting organizational growth objectives through knowledge of finance, contracts, operations, marketing, and revenue management.
• Working in close partnership with the General Managers / Operations Managers of hotels to provide leadership, resources, and influence to positively affect the overall performance of properties in all areas, including financial, customer, employee, and owner. Skills:
• Exceptional drive and personal initiative.
• Highly analytical thinker.
• Strong business writing and communication skills.
• Excellent interpersonal skills.
• Strong organizational skills and ability to multitask across multiple projects.
• Relevant experience preparing feasibility analysis and pro forma projections for hotels.
• Strong financial modeling capabilities and proficiency in various types of valuation and investment return analyses.
• Ability to interpret and analyze hotel financial statements and project and model a hotel P&L. Job Related Qualifications:
• BA or BS Degree; MS Degree is a plus; a concentration in hospitality real estate or finance is a plus.
• Knowledge and skills (e.g., demonstrated ability to work under pressure, possessing good written and oral communication skills). Company Industry: Hotels Hospitality Department / Functional Area: Administration Keywords: Director Of Feasibility & Development
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