Job Position: Investment Associate – Hospitality Asset Management
Job Description: United Al Saqer Group – Abu Dhabi – PRINCIPAL DUTIES AND RESPONSIBILITIES Active involvement in the asset management of a portfolio of 4 high-end hospitality assets located in Europe and the UAE through regular interaction with management teams or external operators at the assets. Where necessary take an active role in projects that are undertaken to improve the assets or their offerings physically and operationally, e.g. F&B, on-going renovation, redevelopment etc. Review, benchmark and analyze the financial data of the hospitality assets and keep informed of the trends and dynamics of each market so as to develop a strong understanding of each of the assets, their respective markets and global trends that may impact on them. Prepare ad-hoc, monthly, quarterly and year-end reporting for the IMRE and CIO. Review and understand the Operator and Management Agreements as the owner: complying with and adhering to the terms of the Agreements ensuring that the operators and hotel management are adhering to the their terms of the agreements Review and manage operating budgets, capital budgets, marketing plans and their impact from an owner’s perspective: Liaise with hotel and operator management to ensure that Budgets are accurate and feasible Agree budgets with the hotel and operator management and submit them internally for owner sign-off Monitor performance versus forecast performance and report on variances Understand all variations to the forecasts and their impact on operations Build and maintain relationships with the managers and operators of the Group’s Hospitality assets Develop a deep understanding of the performance and any potential issues that may affect the hospitality assets and provide timely reporting on these. Stay abreast of hospitality industry trends and the impact that those trends may have on the Group’s hospitality assets. Requirements POSITION REQUIREMENTS Desire to work in a dynamic, entrepreneurial organization 3-5 years of equivalent experience Very good …see more details
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