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Vice President of Development

Vice President of Development

Millennium Hotels and ResortsSingapore, Pedra Branca, Singapore
30+ days ago
Job description

The VP of DEVELOPMENT will help lead the business development and sales efforts for MHR Globally. This executive will be a highly accomplished deal maker with extensive experience in business development, have a rolodex of potential clients, as well as capital sources, and have a strong ability to cultivate new business relationships. More specifically, the responsibilities will include :

  • Building a pipeline and having that translate into 3rd party management and or franchised opportunities.
  • Working with any potential programmatic capital partner or fund to acquire assets.
  • Identifying new management contract opportunities.
  • Preparing and leading presentations to prospective management contract opportunities.
  • Being an expert in the Company's products and where they sit within the industry.
  • Traveling to business development meetings, industry conferences, trade shows, etc.
  • Providing reporting on a pipeline of opportunities and general workflow.
  • Qualifying potential new business by analysing industry strategies and trends, understanding client’s business objectives, and tailoring company menu of services to drive mutual value and alignment.
  • Maintaining a database of contacts and business discussions.
  • Establishing a marketing campaign to support the sales efforts.
  • Sourcing and responding to RFPs.

PROFESSIONAL QUALIFICATIONS

  • Extrovert – ability to engage directly with clients.
  • Ability to build new relationships through varied means such as business entertainment.
  • Strong proactive sales background and track record of closing deals.
  • Existing hotel industry contacts, specifically hotel owners (preferred).
  • Understanding of hotel underwriting and fundamentals.
  • Knowledge of multiple hotel markets, industry trends, banks, and special services, etc.
  • Knowledge of key property management skills / attributes / drivers for each property type that create incremental value for owners (i.e., select service – tight expense control and revenue management, etc.).
  • Knowledge of management contract terms and negotiation techniques.
  • Polished verbal and written communication skills.
  • Ability to travel on a regular basis up to 75%.
  • Proactive, takes initiative, hands-on, roll-up your sleeves self-starter. Someone who has strong background of KPIs on closing contracts, HMAs, franchise deals etc.
  • Degree in business, hotel management or another related field required.
  • Relationships with existing Capital Partners preferred.
  • Seniority level

    Seniority level

    Mid-Senior level

    Employment type

    Employment type

    Full-time

    Job function

    Job function

    Business Development and General Business

    Industries

    Hospitality

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