Director of Feasibility & Development

Job Title: Director of Feasibility & Development

Industry: Hospitality 

Location: Bahrain

Reports To: Chief Executive Officer

Please email your resume to hjibai@domomena.com

Job Summary:

As a Director, Feasibility & Development, you will be actively engaged in the efforts to grow the business. You will support the company in setting strategic direction for hotel development efforts as well as supporting key strategic initiatives to enhance retention of existing hotels. You will work with members of the Strategic Development team, in coordination with partners primarily in HQ & Operations, to support companies' acquisition efforts at every phase of the deal process, from initial deal identification, to feasibility, to underwriting and investment analysis, to diligence and deal structuring, to final approval by the Senior Leadership Team.

Experience :

• Working closely with the Group CEO, you will work on all aspects of any potential Development or acquisition opportunities in the hospitality sector in the GCC (particularly Saudi Arabia).
• Market research and analysis; Including market supply and demand.
• Sourcing and screening potential opportunities including location analysis, project positioning.
• Financial and operational analysis of potential opportunities including business plan, financial projections, ROI, IRR, etc.
• Negotiating LOIs, HMA, and technical services agreements.
• Overseeing project development including design, construction, FF&E / OS&E selection, IT, etc.
• Reviewing contracts and attaining regulatory approvals.
• Advise on operations planning, preopening, manning requirements, hotel classification, branding, marketing alliances, opening, etc.
• Responsible for identifying potential opportunities for growth by adding new businesses to existing portfolio.
• Overseeing market research, location appraisals feasibility studies, etc.
• Providing support to companies operating hotel/business units and projects under development.
• Maximizing revenue, profit, and returns while meeting organizational growth objectives through knowledge of finance, contracts, operations, marketing, and revenue management.
• Work in close partnership with the General Managers / Operations Managers of hotels and provide leadership, resources, and influence to positively affect the overall performance of properties in all areas; including, financial, customer, employee, and owner.
• Five to seven years of financial analysis work experience at a hotel company, consulting firm, bank, brokerage, or real estate investment firm.

Skills:

• Exceptional drive and personal initiative.
• Highly analytical thinker.
• Strong business writing and communication skills.
• Excellent interpersonal skills.
• Strong organizational skills and ability to multitask across multiple projects and work
• Relevant experience preparing feasibility analysis and pro forma projections for hotels.
• Strong financial modeling capabilities and proficiency in various types of valuation and investment return analyses.
• Ability to interpret and analyze hotel financial statements and project and model a hotel P&L

Job Related Qualifications:

• BA or BS Degree; MS Degree is a plus; a concentration in hospitality real estate or finance is a plus.
• Knowledge and skills (e.g. demonstrated ability to work under pressure, possesses good written and oral communication skills).

Interested Candidates please email your resume to hjibai@domomena.com