Manager - Hospitality Asset Management - 20005483REP (HB4)

Role Overview

Manager - Hospitality Asset Management at Qiddiya Investment Company, located in Riyadh, Saudi Arabia.

Company Overview

Qiddiya is Saudi Arabia's future capital of entertainment, sports, and culture — a 360 km² mega-project just outside Riyadh. The development includes F1-grade racetracks, theme parks, stadiums, and performance venues, representing a national transformation initiative.

Role Purpose

The Hotel Asset Manager maximizes the value of hotel assets by overseeing operator relationships, monitoring performance, and supporting development and pre-opening activities for new hotel projects across various stages of the asset lifecycle.

Key Responsibilities

Asset Oversight

• Manage a portfolio of hotel assets across pre-development, development, pre-opening, and operations stages.
• Monitor operator performance to ensure alignment with ownership objectives and brand standards.
• Analyze financial and operational KPIs including RevPAR, GOP, NOI, and flow-through.
• Recommend strategies to improve asset performance based on KPI analysis.

Development & Pre-Opening

• Support feasibility studies, brand selection, and contract negotiations including HMA, TA, and 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 the 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 & Experience

• Bachelor's degree in hospitality management or related field.
• Minimum 3 years of relevant experience in hotel asset management, development, or hospitality consulting.
• Strong financial acumen and ability to interpret hotel operating statements and budgets.
• In-depth understanding of financial principles, budgeting processes, and asset lifecycle management.
• Prior experience working with or for international hotel brands or operators such as Marriott, Hilton, or Accor (preferred).
• Prior experience working within a master developer organization developing large hospitality or mixed-use projects (preferred).

Skills & Competencies

• Excellent communication and negotiation skills.
• Strong stakeholder management capabilities.
• Proficient in Microsoft Excel and PowerPoint.
• Proficient in hospitality data tools such as STR and HotStats.
• Bilingual in Arabic and English (preferred).

Additional Information

• Career development opportunities within a rapidly growing hospitality investment platform.
• Collaborative and dynamic work environment.
• Exposure to high-profile hotel and mixed-use developments in Saudi Arabia.
• Competitive salary and performance-based bonus.
• Application deadline: 31 July 2026.