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Assets & Development Manager

5.00 to 7.00 Years   Dubai, United Arab Emirates   18 Nov, 2021
Sunstar Holding FZ-LLC
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryAccounting; Investment, Securities & Funds; Hospitality & Accomodation
Functional AreaNot Mentioned

Job Description

JOB SUMMARY Reporting to the CEO, the Assets Manager will assist the CEO to oversee sourcing, selection, deal negotiation and lead due diligence/underwriting efforts related to hospitality investment opportunities in the growth and development of future hotel projects globally.ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  • Conduct research, financial modelling, feasibility studies, and proforma financial projections on any potential acquisitions.
  • Assist CEO in preparing related reports and presenting acquisition and/or development opportunities to stakeholders.
  • Execute on the approved investments and assist to coordinate the negotiation of agreements with sellers, the due diligence efforts and successful closing of the transactions.
  • Assist in identifying sources of debt financing for hotel acquisition and construction.
  • Develop appropriate business relationships with industry participants (brokers, consultants, developers, banks, etc.).
  • Create and maintain internal database of relevant industry contacts for future investment opportunities.
  • Liaise with banks and quantity surveyors closely on the projects.
  • Work closely with the appointed consultants to performing due diligence on potential acquisitions & new developments.
  • Work closely with the appointed consultants and contractors on refurbishment/capital improvement projects within newly acquired/existing properties to ensure timely delivery and completion.
  • Support business development efforts for investment and development opportunities.
  • Oversee the hotel procurement process for all projects which includes sourcing, managing procurement agents, vendor selections, planning, delivery schedule and standard of quality.
  • Responsible for the performance and development of direct report(s) and/or team with effective supervision and coaching where applicable.
  • Any other duties and responsibilities that may be assigned.
EDUCATION and/or EXPERIENCEDegree in Business, Hospitality, Real Estate, Finance or equivalent with a minimum of 5 years of experience in hospitality industry, feasibility analysis, development, brokerage or mergers and acquisitions role.

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