Real Estate Hospitality Manager

1 day ago

Fatih, Istanbul, Turkey Mayak Real Estate Full time
Job Overview

Mayak Real Estate is seeking a skilled Real Estate Hospitality Manager to join our team. This role requires a unique blend of real estate expertise and hotel operational knowledge.

The successful candidate will be responsible for maximising property value and investment returns through effective sales strategies, while also optimising hotel operational metrics such as cost per night, cost per occupied room, average daily rate (ADR), and gross operating profit per available room (GOPPAR).

  • Key Responsibilities:
  1. Real Estate Sales and Acquisition:
    1. Pursue investment opportunities in the hospitality sector, focusing on hotel properties.
    2. Conduct comprehensive market research and analysis to identify potential plots and properties suitable for hotel development.
    3. Evaluate the feasibility and financial viability of development projects, considering factors such as location, zoning regulations, market demand, and potential return on investment (ROI).
    4. Develop and implement effective sales strategies to acquire plots and properties for hotel development.
  2. Site Selection and Development Planning:
    1. Work collaboratively with architects, engineers, and urban planners to assess site suitability and develop conceptual plans for hotel projects.
    2. Negotiate land purchase agreements and navigate zoning and permitting processes to secure development approvals.
    3. Coordinate due diligence activities, including environmental assessments, feasibility studies, and title reviews.
  3. Operational Insight:
    1. Analyse and interpret hotel operational metrics, such as ADR, occupancy rates, and GOPPAR, to inform development decisions.
    2. Collaborate with hotel management teams to optimise operational efficiency and profitability of new developments.
    3. Provide strategic recommendations for project design and amenities based on market analysis and operational insights.
  4. Financial Analysis and Project Management:
    1. Prepare detailed financial models and forecasts to evaluate development opportunities and project returns.
    2. Manage project budgets and timelines, ensuring adherence to financial goals and operational benchmarks.
    3. Monitor construction progress and mitigate risks throughout the development lifecycle.
  5. Relationship Management:
    1. Cultivate and maintain strong relationships with property owners, developers, investors, and local stakeholders.
    2. Serve as a knowledgeable advisor to clients, providing insights into market trends and investment opportunities in hotel development.

Requirements:

  • A minimum of 2 years of experience in hotel industry management.
  • Proven experience in real estate sales and hotel development, with a strong track record of identifying and acquiring plots for hospitality projects.
  • Strong analytical skills and proficiency in financial modelling and analysis.
  • In-depth understanding of hotel operational metrics, including ADR, occupancy rates, and GOPPAR.
  • Excellent negotiation, communication, and project management skills.
  • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
  • Knowledge of legal and regulatory aspects of real estate transactions and hotel development.

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