Manager Hospitality Asset Management

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.

What we offer

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

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)

Preferred backgrounds

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