Asset & Operations Manager - AASAAL International Investment Company II مدير العمليات والأصول - شركة آصال العالمية للإستثمار

PURPOSE
The Asset & Operations Manager is responsible for overseeing Aasaal’s diverse portfolio of hotel assets, managing third-party operators, and acting as the primary liaison for hotel general managers. This role ensures the financial and operational success of all hotel brands under Aasaal’s management. He/she will be responsible in managing multiple assets performance, validating third-party requests, and coordinating investment and equity evaluations in collaboration Aasaal leadership team. The Asset & Operations Manager will advise and support the MD in creating investment feasibilities for potential opportunities within the portfolio and externally in order to support the growth of the company.

RESPONSIBILITIES
Asset & Operations Management

Oversee the performance of all hotel assets under Aasaal’s management, ensuring each property meets operational and financial targets.
Serve as the primary point of contact for hotel general managers, providing strategic guidance and support to ensure optimal performance of each hotel brand.
Manage relationships with third-party hotel operators, ensuring alignment with Aasaal’s goals and maintaining high standards of brand integrity and service quality.
Regularly review hotel operational and financial reports to assess the performance of third-party operators, making recommendations for improvements where necessary.
Ensure overall asset management of the portfolio is conducted effectively and recommend improvements in systems and procedures to increase efficiency in the departments overall performance.

Third-Party Brand Management

Review, validate, and provide recommendations on any third-party brand requests or proposals related to Aasaal’s hospitality assets.
Ensure that third-party operators are adhering to brand standards, operational guidelines, and contractual agreements.
Work closely with hotel general managers to ensure that third-party management companies deliver consistent results across all properties.
Facilitate effective communication between Aasaal’s leadership team, third-party operators, and hotel management teams to resolve issues and improve operations.

Investment and Project Coordination

Collaborate with Aasaal leadership team on all hospitality projects, including renovations, refurbishments, and new investments.
Evaluate, recommend and execute investment opportunities, ensuring alignment with strategic objectives and financial goals.
Review and assess equity and investment requirements for potential and ongoing hospitality projects, providing financial insights and recommendations to the MD and leadership team.
Participate in the strategic planning and execution of capital expenditure (CapEx) projects, ensuring they meet budgetary and operational requirements.

Operational Excellence & Performance Monitoring

Ensure that all hotel assets are operating efficiently, with a focus on improving profitability, operational standards, and guest satisfaction.
Develop and implement efficient and effective performance measurement systems to track key metrics, including revenue, costs, occupancy, ADR, RevPAR, and customer satisfaction.
Conduct regular property visits and performance reviews with hotel general managers to ensure that Aasaal’s hospitality assets are performing in line with strategic objectives.
Report regularly to the MD on the performance of all hotel assets, identifying areas for improvement and action plans to optimize performance.

Financial Management & Compliance

Ensure that all hotel assets are adhering to financial budgets and guidelines set by MD.
Provide regular financial reports on the performance of each hotel asset, highlighting risks, opportunities, and areas for investment.
Oversee the compliance of all hotels with local regulations, brand standards, and corporate policies, ensuring that Aasaal’s hospitality assets operate within the highest standards of ethical and financial practices.

EDUCATION & EXPERIENCE

Bachelor’s degree in Hospitality Management, Business Administration, or related field.
10+ years of experience in a senior asset management or hospitality operations role within a hotel company.
Proven track record of managing multiple hotel brands and third-party operators, with a focus on optimizing performance and ensuring brand integrity.
Strong understanding of hotel financials, investment strategies, and asset management principles.
Experience in coordinating CapEx projects, managing investments, and conducting equity evaluations in the hospitality industry.
Excellent leadership and communication skills, with the ability to collaborate effectively with general managers, third-party operators, and corporate teams.
Strong financial acumen with the ability to evaluate operational performance, identify opportunities for growth, and recommend investment strategies.
Fluency in English required; knowledge of Arabic is a plus.