Manager - Hospitality Asset Management - CDUP 2079 CDU8

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.

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)

• 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

Benefits

• 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