Vice President Development - India
Vice President Development - India
Posted on :
26-12-2024
Employer Active
1 Vacancy
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Job Description
We are seeking an experienced and strategic Head of Development for our India region to lead hotel development initiatives. This role is responsible for identifying new opportunities managing the entire development process from site identification to hotel openings and ensuring the expansion of our brand across India. The ideal candidate will have deep knowledge of the hotel industry market trends and strong relationships within the real estate and hospitality sectors.
Key Responsibilities:
- Strategic Leadership:
- Develop and implement the hotel development strategy for India aligned with the companys global growth objectives.
- Lead the identification and acquisition of new hotel sites ensuring alignment with the brands positioning and target markets.
- Work closely with the global leadership team to identify market gaps and expansion opportunities across key regions in India.
- Business Development:
- Build and maintain relationships with key stakeholders including hotel owners investors real estate developers and government authorities.
- Negotiate and execute management agreements franchise agreements and joint ventures to drive brand expansion.
- Evaluate potential development opportunities through market analysis feasibility studies and competitive benchmarking.
- Project Management:
- Oversee the entire development lifecycle from concept to hotel opening including site selection feasibility design construction and operational handover.
- Manage partnerships with architects contractors consultants and project teams to ensure the timely and withinbudget completion of projects.
- Ensure compliance with local regulatory requirements building codes and environmental standards.
- Market Analysis & Site Selection:
- Conduct thorough market research and analysis to identify highpotential cities and regions for hotel development.
- Evaluate the performance of existing properties and ensure new developments align with demand drivers and profitability goals.
- Make recommendations on the best locations for new properties based on demographic and geographic trends competition and guest behavior patterns.
- Financial Planning & Budgeting:
- Prepare and manage financial models investment proposals and budgets for new projects.
- Work closely with the finance team to secure funding for development projects and optimize return on investment (ROI).
- Ensure projects adhere to financial targets with a focus on profitability and longterm sustainability.
- Collaboration with Operations & Design Teams:
- Collaborate with the operations team to ensure new developments meet brand standards and operational efficiency.
- Liaise with design and construction teams to ensure the quality and aesthetics of new hotels reflect the brand identity.
- Ensure smooth transitions from the development phase to operational handover supporting preopening activities and hotel launch.
- Compliance & Legal:
- Ensure compliance with all legal regulatory and contractual obligations throughout the development process.
- Work with internal and external legal counsel to negotiate contracts land acquisitions and franchise agreements.
- Maintain a comprehensive understanding of hotel development regulations in different Indian states.
Qualifications :
- Experience:
- 10 years of experience in real estate development with at least 5 years in a senior leadership role within the hospitality or hotel industry.
- Proven track record of delivering largescale hotel development projects from concept to completion.
- Industry Knowledge:
- Strong understanding of the Indian hotel market with an established network of industry contacts.
- Deep knowledge of hotel development processes including site acquisition market analysis and franchise negotiations.
- Leadership:
- Exceptional leadership and people management skills with experience building and leading highperforming development teams.
- Ability to manage multiple projects simultaneously and deliver results under tight timelines.
- Financial Acumen:
- Strong financial modeling skills with experience in investment analysis project financing and budget management.
- Experience in negotiating and structuring joint ventures management contracts and franchise agreements.
- Communication & Negotiation:
- Excellent negotiation presentation and communication skills with the ability to influence key stakeholders at all levels.
- Ability to work collaboratively with crossfunctional teams and global leadership.
- Education:
- Bachelors degree in Business Real Estate Architecture or a related field. An MBA or similar advanced degree would be an advantage.
Additional Information :
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
Key Skills
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