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This is an executive position that requires an in-depth understanding of lodging market assessments and financial/investment analysis, as well as general management and supervision of key aspects of the hotel development and planning process, inclusive of support for the Asset Management department. The functions led by the Vice President support hotel development, conversion, renovation/repositioning, and renewal opportunities for all Marriott lodging products in the region, including branded residences, as well as continent-level business initiatives mainly relating to unit growth. The Feasibility function provides lodging market, competitive landscape, and economic evaluations, and is responsible for hotel underwriting, new brand positioning/strategy, and market intelligence. The Financial Analysis function conducts financial analysis of potential new development projects, including large transactions involving significant Company balance sheet exposure, analyzes profit and growth objectives as reflected in the long-range plans, assesses various loyalty partnership opportunities, and provides strategic advisory to enable the APEC leadership to make business decisions that will create the most shareholder value.
Job Responsibility:
Contribute to the continent growth by providing well-considered recommendations to the leadership team and constantly leading assessments of regional destinations and demand segments, identifications and reviews of new travel/lodging trends, in-depth viability analyses of new brand launches in the continent, and any major operations initiatives in collaboration with related key stakeholders, in addition to underwriting of development and asset management projects
Administer the APEC Hotel Development Committee, and direct feasibility process for all new hotel projects
Provide ongoing consultation relative to the continent growth strategies advising on potential opportunities and risks, and providing plans for action, in collaboration with relevant disciplines such as Brand, Consumer Operations, Development, Finance, Global Design, and Legal
Maintain in-depth knowledge of the lodging industry, specifically of global and regional lodging brands and their market positioning within the region, as well as the top active lodging markets such as Australia, India, Indonesia, Japan, Malaysia, Maldives, South Korea, Thailand, and Vietnam
Establish and maintain well-developed relationships with outside consulting groups and third-party hospitality market analysis firms in the region
Demonstrate strong qualitative and quantitative analytical skills with proven analytical abilities and an understanding of economic valuation theories and processes
Operate with a collaborative mindset to ensure that key stakeholders are considered
build strong relationships to leverage information and insights to anticipate and respond to stakeholder queries
influence without authority
communicate well with stakeholders and leaders
openly share and do not withhold information
Proactively evaluate business process to provide for the effective and efficient team management
Implement process improvements to lead, manage and monitor a large number of projects for delivery of information to senior management
Ensure appropriate measures are in place to facilitate internal reviews and assessments of project viability
Coordinate and direct the interface between Feasibility, Financial Analysis, Asset Management, Brand, Consumer Operations, Development, Operations, Operations Finance, Global Design, Legal, Tax and Treasury
Champions excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement
Train, develop, mentor, and conduct regular performance appraisals of direct reports and the larger teams
Communicate effectively, both orally and in writing
listens to others and effectively comprehends information
Requirements:
Thorough knowledge of the technical aspects of hotel market and impact analysis
Thorough knowledge of the lodging feasibility function, including pre-screening of future development projects, recommending hotel brands and facilities, underwriting financial implications, assessing major ROI opportunities, evaluating supply/demand impact situations as they occur, identifying growth opportunities, etc.
Understanding and working knowledge of financial statements and investment return analysis
Thorough understanding of computer systems
Competent in Microsoft Office applications
Thorough knowledge of the broader real estate industry, travel and tourism industry, hotel development, and market analysis data bases
Fluency in Asian language(s) is preferred
Thorough understanding of each Marriott lodging product and development goals
Thorough understanding of Marriott’s business objectives and development process for each lodging product
Thorough knowledge of the business goals and objectives within Feasibility and Financial Analysis
M.B.A. or B.A. or B.S. in Hotel Management or Business Administration
Concentration in Finance would be highly valued
Minimum 10-12 years of relevant work experience, including 6 years of supervisory responsibility, in hotel/real estate feasibility, consulting, advisory, and/or valuation
Previous financial/investment advisory experience would be highly valued
Strong supervisory and management skills
Ability to communicate effectively both orally and in writing
Strong interpersonal skills
Strong qualitative and quantitative analytical skills with proven understanding of economic valuation theories and processes
Strong mathematical skills and analytical ability, particularly in analyzing financial statements
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