Associate – Asset Management

About Aldar Hospitality

Powered by human connections and the desire to reimagine guest experiences, every destination within our hospitality portfolio is transformed to reflect the human spirit: nurturing, ever evolving and wholesome. Our diverse portfolio of assets ranges from hotels and island resorts to golf clubs, marinas, and iconic beach clubs. Our footprint in the local and international hospitality landscape is growing, and we are on a mission to turn ordinary moments into lifelong memories through offering unforgettable guest experiences. Aldar Hospitality is the subsidiary of Aldar Properties PJSC, the leading real estate developer and manager in the UAE. Come and join us on this journey.

About the Role

The Associate – Asset Management will support the Corporate Director in overseeing and driving the performance of Aldar Hospitality’s portfolio of third party managed and self-operated hotels and leisure assets.

Key Responsibilities

• Attend Business Review Meetings (BRMs) and keep concise and accurate minutes of all meetings.
• Ensure distribution to wider audience.
• Develop and maintain OTA Ranking Tracker for assets.
• Prepare and keep updated Operator Search Brand Glossary.
• Prepare Pitch Decks for Operator selections.
• Ensure HMA Cheat sheet updates.
• Prepare reporting for budgets, CAPEX & FF&E Letters for all assets.
• Review, benchmark and analyze hotel and portfolio-level financial data and keep informed of the dynamics of each market area to develop a strong understanding of the hotels and their respective markets.
• Review, understand and ensure compliance of management agreements and loan documents.
• Where appropriate, identify, analyze and implement opportunities for increased revenues and expense savings.
• Assist the Corporate Director of Asset Management with reviewing operating budgets, capital budgets and other plans.
• Track the performance of hospitality assets under management and flag any potential issues.
• Keep informed of hotel industry trends and how such trends may impact the Company’s portfolio of third party managed hotels and leisure assets.
• Assist with Board, ExCo and other reports as requested and where applicable.

Requirements

• Bachelor’s degree in finance, economics, business, or a related field
• Minimum of five years of experience in Asset / Investment analysis or related roles
• Proven track record in delivering results
• Strong analytical and quantitative skills
• Proficiency in financial modelling and valuation techniques
• Highly proficient in MS Excel and PowerPoint
• Excellent communication and presentation abilities
• Excellent time management skills
• Foundational knowledge of hotel operations a plus.
• Team player, organized, and strong communication skills.

Equal Opportunity Statement

Aldar is an equal opportunity employer. We celebrate all forms of diversity and remain committed to creating an inclusive and accessible environment for all applicants and employees. We will ensure that all candidates are provided reasonable accommodations to participate in the job application process, be considered for a range of critical job functions and receive other benefits and privileges of employment, ensuring equitable opportunities and accessibility for all. Please contact us to request accommodation. Your data will be treated confidentially.