Hotel Development and Investments Manager - TUI Group
Posted on :
28-08-2024
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Job Description
- Dubai United Arab Emirates
- 128812
- Hybrid
- Permanent
- Full Time
- Local contract
Join TUI BLUE & Hotel Concepts as Development Feasibility & Investments Manager where your primary objective is to support the expansion of the development pipeline of TUI BLUE Hotels. The role requires an experienced individual with a strong understanding of hotel development processes hotel management and franchise agreements hospitality financial modelling and feasibility studies. The job will involve evaluating and assessing the viability of potential hospitality projects preparing the contractual letters and agreements and maintain a file for each project under evaluation.
The Feasibility function will require the person to perform a variety of market and financial analyses including market assessments feasibility studies management franchise or other contract valuations assessments of real estate renovations & master plans supporting acquisition transactions impact studies debt & equity investment NPVs and IRRs and other special projects. This will include conducting thorough market research to assess the demand and competition in the target location evaluating the economic and regulatory environment to identify potential risks and opportunities and analysing the feasibility of proposed hospitality projects considering factors such as location target market and competitive landscape.
Applications close Friday 30th August. Interviews will be scheduled thereafter.
ABOUT THE ROLE
- You will work closely with the Global Head of Development and relevant Directors of Development supporting complex development activities. Responsibilities include screening potential projects developing and reviewing feasibility analysis preparing contractual letters pitch presentations contract templates amendments general coordination and administrative support in obtaining internal approvals.
- Analyse data to identify growth opportunities and potential challenges and develop financial models to project the financial performance of potential hospitality investments.
- Effective collaboration with other corporate departments and stakeholders (Global Fund Asset Management Operations Legal Architecture Finance Sales and others) will be essential to leverage their expertise and inform the underwriting of a given project. This includes consistently producing wellarticulated arguments thorough research and crossanalysis.
- Prepare hotel operating financial projections according to USALI and review projections shared by other stakeholders e.g. owners operators consultants financiers etc.
- Assess revenue projections cost structures and return on investment to support decisionmaking processes.
- Conduct sensitivity analysis to identify key variables impacting financial outcomes.
- Evaluate competitors in the hospitality sector examining their strategies strengths and weaknesses.
- Prepare comprehensive investment proposals outlining the projects feasibility risks and potential returns.
- Collaborate with crossfunctional teams to ensure alignment with strategic objectives and market trends.
- Present findings and recommendations to stakeholders highlighting the financial viability and potential challenges of proposed projects.
- Conduct due diligence on potential investment opportunities examining legal financial and operational aspects.
- Stay informed about industry trends market dynamics and economic indicators that may impact investment decisions.
- Regular update of the TUI financial model to industry standards and for indepth analysis of assumptions used in modelling.
- Actively participate in the project planning phase working closely with stakeholders to define project objectives outline deliverables and establish realistic timelines.
- Anticipate potential risks and develop mitigation strategies. Work to minimise disruptions and ensure project progress remains on track.
- Support all development related administrative tasks during hotel project lifecycle whilst maintaining accurate records.
- Actively promote and enforce quality control measures throughout the development process.
- Effectively support and coordinate processes with the wider TUI BLUE team fostering a collaborative environment and optimising organisational performance.
- Assist to qualify management franchise or hybrid contract opportunities across the regions.
- Seek out and build productive relationships with new and existing industry partners.
- Collaborate and maintain frequent contact with various internal stakeholders within TUI BLUE and wider TUI such as Sales & Revenue Legal Operations Technical Finance Commercial Markets Communications etc.
- Ability to work autonomously planning daily activities and organizing travel schedules and travelrelated expenses within an approved annual budget.
- Help drive company performance in terms of growth pipeline and contribute to the companys overall growth and financial performance.
- Planning and general coordination of the yearly conventions conferences and all TUI corporate events.
ABOUT YOU (key requirements for this role)
- Bachelors degree in business Hospitality Management or a related field.
- 5 years of experience in a hospitality consulting asset management feasibility and/or investment analysis function.
- Proficient use of Excel (use audit and financial modelling) and Microsoft Office generally.
- Strong knowledge of USALI and indepth financial operating ratios.
- Strong communication and presentation skills; fluency in English (additional foreign language/s a plus).
- Ability to travel at least 25% of the time as required.
- Proven industry experience within Africa and the Middle East.
- Familiarity with the hotel industry with exposure to hotel development process.
- Hotel operations experience exposure to hotel and nonhotel food & beverage operations.
We love to see your uniqueness shine through and inspire the future of travel. If you would like to read more about what Diversity & Inclusion means to us simply visit Our DNA.
ABOUT OUR OFFER
- Competitive salary and attractive company benefits as standard
- Additional colleague offers including travel health & wellbeing and lifestyle programmes
- Working within a fastgrowing international hotel company within the worlds leading tourism group
- We promote career development with wide range of international opportunities across our business with an exceptional approach to your learning access to free learning platforms & language lessons.
TUI BLUE is the global flagship hotel brand of the TUI Group combining the best aspects of both individual and allinclusive holidays with outstanding quality and modernity. Our hotel brand stands out from the crowd with firstclass locations regional architecture an innovative technology concept with a unique blend of local and contemporary cuisine and BLUEf!t sport and leisure facilities.
TUI is the worlds leading tourism group. The broad portfolio gathered under the Group umbrella consists of strong tour operators 1600 travel agencies and leading online portals five airlines with around 150 aircraft over 400 hotels 15 cruise liners and many incoming agencies in all major holiday destinations around the globe. It covers the entire tourism value chain under one roof. This integrated offering enables us to provide our 27 million customers with an unmatched holiday experience in 180 regions.
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