Manager Hospitality Asset Management📣 Job Ad

About the Role

Qiddiya, a significant mega-project located in the Riyadh Province, is developing a new destination focused on entertainment, sports, and culture. As construction progresses, Qiddiya is seeking a motivated Manager - Hospitality Asset Management to join its team in Riyadh. This full-time position requires 2-5 years of experience in hospitality asset management or development.

Role Overview

The Manager - Hospitality Asset Management will be responsible for maximizing the value of hotel assets. This involves overseeing operator relationships, monitoring asset performance, and supporting the development and pre-opening phases of new hotel projects. The role requires a strong understanding of both local and international hospitality markets.

Key Responsibilities

• Manage a portfolio of hotel assets through pre-development, development, pre-opening, and operational stages.
• Monitor operator performance against ownership objectives and brand standards.
• Analyze financial and operational Key Performance Indicators (KPIs) such as RevPAR, GOP, NOI, and flow-through, and propose performance improvement strategies.
• Support feasibility studies, brand selection processes, and contract negotiations (HMA, TA, LOI).
• Collaborate with development teams, designers, and project managers to ensure project delivery meets brand and operational requirements.
• Assist with pre-opening budget reviews, FF&E procurement, and operational readiness activities.
• Prepare asset management reports, investment memos, and board presentations.
• Liaise with finance, legal, and development teams to execute asset strategies.
• Support annual business plan and CapEx reviews with hotel operators.
• Act as a primary contact between ownership, operators, and external consultants.
• Conduct site visits and performance review meetings with hotel General Managers and management teams.
• Ensure compliance with local regulations and ownership standards.

Qualifications and Requirements

• Bachelor’s degree in hospitality management or a related field.
• Minimum of 3 years of relevant experience in hotel asset management, development, or hospitality consulting.
• Strong financial acumen with the 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, with proven stakeholder management capabilities.
• Proficiency in Microsoft Excel, PowerPoint, and hospitality data tools such as STR and HotStats.
• Bilingual proficiency in Arabic and English is preferred.

Preferred Backgrounds

• Prior experience working with or for international hotel brands or operators (*, Marriott, Hilton, Accor).
• Previous experience within a master developer organization, particularly on large hospitality or mixed-use projects.