Strategic Development Manager

15 hours ago


Manama, Manama, Bahrain Client of Domo Ventures W.L.L. Full time

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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