Manager - Hospitality Asset Management - 20005483REP (HB4)

About The Role Qiddiya is Saudi Arabia's future capital of entertainment, sports, and culture — a 360 km² mega-project just outside Riyadh. From F1-grade racetracks and theme parks to stadiums and performance venues, we're creating a destination like no other. This is more than a project — it's a national transformation. As construction accelerates, we're hiring ambitious talent to help shape it. If you're driven by scale, impact, and the chance to build something iconic from the ground up — Qiddiya is calling. Job Summary: We are seeking a motivated and detail-oriented Hotel Asset Manager to join our growing team. This role is ideal for a candidate with at least 3 years of experience in hospitality asset management or development, who can manage hotel assets from concept and planning stages through to operations and performance optimization. The Asset Manager will play a key role in maximizing the value of hotel assets by overseeing operator relationships, monitoring performance, and supporting development and pre-opening activities for new hotel projects. The ideal candidate will be an Arabic and English speaker, and have a strong understanding of both the local and international hospitality landscape. Key Responsibilities - Asset Oversight - Manage a portfolio of hotel assets across various stages - pre-development, development, pre-opening, and operations - Monitor operator performance, ensuring alignment with ownership objectives and brand standards - Analyze financial and operational KPIs (e.g., RevPAR, GOP, NOI, flow-through) and recommend strategies to improve performance - Development & Pre-Opening - Support feasibility studies, brand selection, and contract negotiations (HMA, TA, 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 a 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 What We Offer - 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 Requirements - 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 - Excellent communication and negotiation skills and stakeholder management capabilities - Proficient in Microsoft Excel, PowerPoint, and hospitality data tools (e.g., STR, HotStats) - Bilingual in Arabic and English (preferred) Preferred Backgrounds - Prior experience working with or for international hotel brands or operators (e.g., Marriott, Hilton, Accor) - Prior experience working within the master developer organisation, developing large hospitality or mixed-use projects The applications deadline is 31 July 2026.