Asset Manager – Hospitality & Commercial Real Estate

Role Summary

This is a leadership role responsible for managing, enhancing, and unlocking the performance and value of MPG’s hospitality and commercial real estate portfolio, including hotels, restaurants, IT parks, and strategic land banks. The role demands strategic foresight, financial acumen, operator management, and ownership thinking. The Asset Manager will work closely with the MD on all major hospitality and real estate initiatives.

KEY RESPONSIBILITIES

a) Asset Performance Management

• Monitor and drive the financial and operational performance of all hotel and restaurant assets

• Lead the budget finalization process with operating partners (Taj, Hilton, Accor), ensuring ownership goals are embedded

• Conduct periodical performance reviews versus budgets; analyze deviations and implement course correction

• Analyze RevPAR, GOP, ADR, occupancy, and EBITDA trends; optimize ROI

• Benchmark with industry data and STR reports to ensure competitiveness

b) Commercial Asset Management

• Manage leasing, tenant relationships, and yield enhancement at Technopolis IT Park and future commercial developments

• Oversee CAM, tenant compliance, facilities, and lifecycle maintenance

• Structure monetization strategies through leasing, JV, REIT, or selective exits.

c) Land Bank Development

• Drive the development of MPG’s land banks in Kerala, Chennai, and other key markets

• Float and manage RFPs for architects, contractors, and brand/operator tie-ups

• Evaluate feasibility, design concepts, and financial models for new hotels, resorts, and mixed-use developments

• Ensure statutory approvals and timely execution

d) Brand & Operator Engagement

• Identify and evaluate suitable hotel brands across segments

• Negotiate management agreements and commercial terms

• Govern operator relationships to ensure compliance with MPG’s financial and brand objectives

e) Reporting & Strategic Input

• Maintain MIS, dashboards, and board presentations on asset performance

• Support the MD in preparing investment strategy papers, pitch decks, and deal structuring

• Track hospitality and real estate trends for informed decision making

KEY COMPETENCIES

• Financial and analytical rigour with strategic outlook

• Ability to handle operator negotiations, feasibility analysis, and reporting

• Excellent communication and interpersonal skills to interface with the MD, operators, vendors, and consultants

• Strong project management and execution coordination ability

• Willingness to travel periodically across South India

EXPERIENCE

• 8–15 years of relevant experience in hotel asset management, real estate development, or investment advisory
• Experience working with top-tier hotel brands/operators
• Strong knowledge of hotel P&L, lease structuring, CapEx ROI, and development cycles
• Exposure to heritage restoration, commercial leasing, and hospitality contracting