
Strategic Development Manager
15 hours ago
About the Role:
This key position is responsible for leading the strategic development efforts of our hospitality business, focusing on feasibility and growth initiatives. Reporting to the Chief Executive Officer, you will play a pivotal role in driving business growth, supporting strategic direction, and enhancing retention of existing hotels.
Key Responsibilities:
- Supporting the company's acquisition efforts through deal identification, feasibility analysis, underwriting, investment analysis, diligence, deal structuring, and final approval by the Senior Leadership Team.
- 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.
- Conducting market research and analysis, including market supply and demand.
- Sourcing and screening potential opportunities, including location analysis and project positioning.
- 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.
Requirements:
- BA or BS Degree; MS Degree is a plus; a concentration in hospitality real estate or finance is a plus.
- Knowledge and skills, such as demonstrated ability to work under pressure, possessing good written and oral communication 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.
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