Manager, Development - #49541

Kerzner International Resorts

Date: 2 weeks ago
City: Dubai
Contract type: Full time

Manager, Development

At Kerzner, we never settle. Through continued innovation, our team of pioneers push until the next level is achieved, and then to keep going. Our philosophy is simple - we go above and beyond to Blow Away our Guest and Colleagues. Good enough never is. For us, it is all about perfection and innovation. This is not simply our job, it’s our passion.

Our Colleagues are at the heart of who we are and what we do. With an international team of over 10,000 Colleagues and strong strategic growth on the horizon, we offer unrivalled career opportunities around the world. We are committed to provide our Colleagues at all levels with opportunities to grow and develop within the organisation through personalised development plans and tailored succession planning. We invest in our communities to sustain the environment where we operate and minimising our own footprint. Whether it is through animal conservation, education or tree-planting, we like to give back in as many ways as we can to help our communities flourish.

Job Summary
Responsible for evaluating economically viable new hotel projects for hotel management contracts as well as new hotel investment projects.

Key Duties and Responsibilities

  • Conduct market feasibility studies, financial feasibility studies and investment analysis
  • Independently prepare hotel supply and demand analysis, market feasibility studies, financial feasibility studies and investment analysis for potential hotel, mixed-use projects and joint ventures.
  • To produce project documentation, including (but not limited to): Lead Overviews, project executive summaries, due diligence reports, expressions of interest, project presentations, RFP initial engagement documents and board submissions.
  • Preparing independently all types of financial models as required, using and refining our in-house templates.
  • Leading internal proformas approval calls with key disciplines. Leading external calls with consultants and owners
  • Prepare 10-year projections with land and construction cost investment, ROI analysis for scenarios
  • Supporting the regional Development team, in order to achieve the team’s objectives and ultimately to assist them, directly and indirectly, in signing new management agreements. Periodically, the Manager may provide ad-hoc support to other development teams.
  • Participate in developing the initial business terms and draft Letters of Intent (for internal review) for specific opportunities.
  • Serve as a contact for prospective owner/developer and project co-ordinator during the critical deal evaluation and deal negotiation phases.
  • Provide back-up support throughout contract negotiation process.
  • To participate in the preparation of the strategic expansion plan and policy development plan, including on-going monitoring and evaluation of these expansion plans.
  • Maintain excellent working relationship with respective team members to process all project pro forma reviews and approvals
  • Independently performing market research and competitor analysis across the region, updating hotel supply databases and tracking new signings and announcements.
  • Helping with internal initiatives and special projects e.g. coordinating events, preparing for conferences, undertaking research projects.
  • Review and update financial model
  • Train new and junior team members
  • To produce and review internal and 3rd party feasibility studies
  • Assist other departments such as Operations, Finance, etc. in ad-hoc project related analysis.
  • Performing market research and competitor analysis across the region, updating hotel supply databases, and tracking new signings and announcements.
  • Attend regional industry conferences and maintain good working relationships with consultants, developers, and other feasibility and development teams

Skills, Experience & Educational Requirements
  • Minimum five (5) or more years of analytical experience within Feasibility department of a hotel management company, consultancy, or real estate development company.
  • Experience managing other employees.
  • Ability to operate independently with minimal supervision; perform work that is highly complex in nature and have latitude for actions and decisions without review.
  • Working knowledge of Uniform System of Accounts for Hotels.
  • Strong analytical acumen and mathematical skills.
  • Proficiency in the use of Microsoft Excel and experience in financial modelling.
  • Good command of English. Knowledge of other foreign language/s is preferable.
  • Understanding and working knowledge of financial statements and instruments.
  • Proficiency in Microsoft Word and PowerPoint.
  • Understanding and application of principles of corporate finance and real estate finance.
  • Self-motivated, entrepreneurial and finger on the pulse of market trends.

Education or Certification
Bachelor or Master’s degree, preferably in Hotel Management, Business Administration or Finance.

Our company is expanding faster than ever before. We are investing in the growth of our company, and that means we are committed to investing in you. Join a team that is open-hearted, innovative, inclusive, and inspiring in spirit. We believe in making our guests happy beyond anything they have ever imagined. We wow them at every turn and create memories that will last a lifetime. You will be at the heart of this vision, to constantly innovate to deliver Amazing Experiences and Everlasting Memories.

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