Job Description

Identify and Acquire New Properties :- Source, evaluate, and finalize potential hotel properties for acquisition or franchise expansion in line with the company's growth strategy.Market and Location Research :- Conduct detailed market studies to identify high-potential areas for expansion, leveraging strong geographical knowledge and local insights.Vendor and Local Network Management :- Build and maintain strong relationships with local brokers, developers, property owners, and vendors to ensure a steady pipeline of prospective properties.Negotiation and Deal Structuring : - Negotiate commercial terms and ensure mutually beneficial agreements with property owners and stakeholders.Agreement and Legal Coordination :- Collaborate with the legal team to review, draft, and finalize agreements, MoUs, and contracts related to property acquisition or lease.Due Diligence and Feasibility :- Coordinate with internal teams to conduct property inspections, feasibility studies, and financial evaluations before acquisition.Stakeholder Coordination :- Liaise with internal departments such as operations, finance, and legal to ensure smooth onboarding and transition of acquired properties.Brand and Market Alignment :- Ensure acquired properties meet brand standards and align with company positioning and market expectations.Tracking and Reporting :- Maintain detailed records of acquisition pipelines, negotiations, and closures, and share periodic updates with management.Competitor and Market Intelligence :- Stay updated on competitor expansion, local market trends, and new business opportunities. (ref:updazz.com)

Skills Required