Job Description:
Asset Management:
- Communicate the performance expectations to the asset operators, and develop and monitor key metrics such as Occupancy, ADR, RevPAR, guest satisfaction and product positioning to assess the performance of the assets.
- Responsible for capex planning, budgeting and execution.
- Negotiate contracts with partners/vendors, and review documents and agreements relating to the management of the assets.
- Evaluate the cash flow positions of the assets in determining the funding requirements.
- Work with the CFO and the team to execute and manage the acquisition of assets.
- Oversee annual budgeting and valuation exercise for the assets.
- Prepare annual Strategic Asset Plan and Hold/Sell Analysis.
- Supports all acquisition and disposal due diligence execution.
Business Development:
- Source and identify business opportunities and deals.
- Build and maintain strong relation with owners, business partners and industry professionals for qualified leads and business opportunities generation.
- Evaluate and review business opportunities and deals by conducting market research, financial analyses, financial modelling and feasibility studies entailing cash-flow and yield analyses and projections.
- Prepare and conduct pitch to owners and business partners
- Draft term sheets and conduct and manage the negotiation of the terms of the deals and transactions.
- Review the structure of the deals / transactions, including due diligence, financing, risk management and regulatory requirements.
- Coordinate with relevant internal and external parties on matters relating to new management opportunities and business partnerships and support the deals through to opening or execution.
- Understand business direction and needs and develop solutions, roadmaps and assessment of potential business impacts.
- Prepare and present business proposals and papers for management and board’s approval.
- Perform any other tasks and duties as required by The Management from time to time.
