Director, Development, South Asia
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Job Location:
Monthly Salary:
Posted on:
12 hours ago
Vacancies:
1 Vacancy
Job Summary
Business Context
The addition of new hotels is one of the principal drivers of Marriotts earnings growth strategy and an important element in maintaining and advancing the quality and brand equity of Marriotts Lodging System. The companys unit growth strategy in the region focuses primarily on acquisition of hotel management contracts and on licensing of our hotel brands to third party owner-operators under franchise agreements. TheDirector Development South Asia performs a central critical role in identifying structuring deals and successfully closing on opportunities for new hotels conversions and building win-win relationships with new and existing hotel owners and franchisees.
Specific Job Summary
The Director Development South Asia will be responsible for the development of all Marriott hotel brands in South Asia.
The Director Development South Asia identifies and pursues new business opportunities and coordinates a multidisciplinary team involved in the review approval and finalization of contracts for new hotels. Success in the position demands a driving focus on creation of shareholder value and earnings as well as a passion to champion new business opportunities that build brand equity and help drive customer preference.
Specific Expected Contributions
- Identify initiate and analyze potential sites and hotel projects.
- Review and analyze potential hotel conversion new build or acquisition opportunities.
- Coordinate all aspects of the development process internal to Marriott International including site inspections by brand market management and technical services representatives requesting feasibility studies and pro forma valuations and presenting the opportunity for approval by the appropriate Marriott committees.
- Participate in and lead negotiations of management agreements franchise or other agreements with owner/owners representatives. Ensure that agreement terms and conditions are acceptable to Marriott Operations team and Development department executives.
- Work with Marriotts Treasury and Project Finance Departments to maximize returns on Marriott International investment in hotel projects.
- As needed assist owners and developers to identify and tap sources of financing for hotel acquisition or construction including Marriott sponsored financing programs.
- As required attend public hearings and meetings with regulatory agency officials to secure site plan engineering and other approvals necessary for the projects successful development.
- Share leads for other Marriott brand or product opportunities with appropriate personnel.
- Perform other duties as appropriate.
Candidate Profile (the education experience skills and attributes that are important for this position)
- Mature professional demeanor capable of expressing confident independent judgment.
- Analytical thinker with strong interpersonal skills.
- Five to seven years of real estate development hotel industry or other relevant business experience.
- Understanding of the local hotel and investment market. Familiarity with local capital markets is a plus.
- Demonstrated ability to effective handle multiple projects on short timetables and manage staff resources efficiently.
- Willingness to travel frequently to evaluate sites/hotels meet with owner representatives and evaluate market opportunities.
- University degree in Real Estate Hotel Administration Business Administration or other relevant professional qualifications (masters degree in related field preferred).
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture.
At Marriott International we are dedicated to being an equal opportunity employer welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and greatest strength lies in the rich blend of culture talent and experiences of our are committed to non-discrimination on any protected basis including disability veteran status or other basis protected by applicable law.
Required Experience:
Director
Key Skills
- Fundraising
- Management Experience
- Biotechnology
- Clinical Development
- Clinical Trials
- Research & Development
- Training & Development
- Grant Writing
- Economic Development
- Leadership Experience
- Public Speaking
- Product Development
About Company
At Le Méridien, we are inspired by the era of glamorous travel, celebrating each culture through the distinctly European spirit of savouring the good life. Our guests are curious and creative, cosmopolitan culture seekers that appreciate moments of connection and slowing down to savou ... View more
