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Millennium Hotels and Resorts MEA

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Director of Development - MEA

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Description

As the Director of Development, you hold a pivotal role in driving the growth and expansion of our portfolio. Your responsibilities encompass identifying strategic development opportunities and partnerships, and overseeing the successful execution of new projects. With a focus on market analysis, feasibility assessments, and relationship-building, you play a key role in shaping the future footprint and success of the company in the region.

Key Job Responsibilities:

  • Identify and evaluate strategic development opportunities in alignment with organizational goals.

  • Conduct market analysis and feasibility studies to assess the viability of potential projects.

  • Build and maintain relationships with property owners, developers, and other key stakeholders.

  • Negotiate and secure agreements for new property developments, management contracts, and partnerships.

  • Collaborate with cross-functional teams, including finance, legal, and operations, to facilitate project execution.

  • Monitor industry trends, market dynamics, and competitor activities to inform development strategies.

  • Lead the due diligence process for potential development projects, ensuring comprehensive assessments.

  • Provide regular updates and reports to senior leadership on the progress and status of development initiatives.

  • Oversee the successful launch and opening of new properties within the region.

  • Manage and optimize the development budget, ensuring cost-effective and strategic allocation of resources.

  • Stay informed about regulatory requirements, zoning laws, and other factors impacting development.

  • Foster a collaborative and results-oriented culture within the development team.

  • Represent the organization in development-related matters, both internally and externally.

  • Collaborate with global development teams to ensure alignment with overall company strategies.

  • Lead negotiations with property owners and developers to secure favorable terms and conditions.

  • Provide guidance and support to property owners and developers throughout the development process.

  • Ensure compliance with legal and contractual obligations related to development agreements.

  • Champion a customer-centric approach, ensuring new developments align with guest expectations and market demands.

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