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The Hongkong and Shanghai Hotels

Luxury hotel and real estate group

Director – Cost - Procurement and Contracts

ContractUpdated on 10/14/2026
No salary listed
Expert
Bachelor's
Hong Kong
In Person
Operations & LogisticsProcurement & Sourcing

About the job

Requirements
  • A degree in Quantity Surveying, Civil Engineering, Structural Engineering, Construction Management, Architecture, Building Services Engineering, or a related construction discipline is required.
  • At least 10–15 years of relevant experience in construction, commercial management, cost consultancy, procurement, contracts administration, or project delivery is required.
  • Hands-on experience in luxury hotel, hospitality, residential, mixed-use, or high-end commercial developments, preferably involving complex fit-out and furniture, fixtures, and equipment procurement packages, is required.
  • Strong commercial acumen to balance cost, quality, program, and operational requirements is required.
  • Stakeholder management and communication skills to engage effectively with consultants and contractors are required.
Responsibilities
  • Provide commercial governance for new build and renovation projects through cost management, procurement, and contract administration; ensure procurement and tendering, contract execution, variation orders, and payments progress in line with project timelines.
  • Serve as the commercial lead throughout the full project lifecycle, from feasibility and design through construction, handover, and close-out.
  • Provide early commercial guidance on project strategy, procurement approaches, budget management, and risk allocation.
  • Lead cost planning, benchmarking, feasibility assessments, and budget development for new build, renovation, capital expenditure, and infrastructure projects.
  • Monitor project financial performance through cost reporting, forecasting, contingency management, and variance analysis.
  • Develop and implement procurement strategies for appointing consultants, contractors, and suppliers.
  • Manage supplier sourcing, evaluation, prequalification, tendering processes, and contract award recommendations.
  • Ensure robust contract governance through contract administration, purchase orders, payment management, and compliance with SOPO requirements.
  • Oversee change orders, claims, commercial negotiations, final accounts, and contract close-out activities.
  • Maintain commercial controls, including risk registers, procurement trackers, variation logs, claims registers, and management reporting.
  • Collaborate with project teams, finance, legal, operations, consultants, contractors, and suppliers while providing commercial leadership and oversight of internal and external commercial resources.
Desired Qualifications
  • A professional qualification such as RICS, HKIS, or equivalent is a plus.
  • Experience working for a developer, hotel owner/operator, project management consultancy, cost consultancy, contractor, or procurement organization would be advantageous.

About the company

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The Hongkong and Shanghai Hotels

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The Hongkong and Shanghai Hotels, Limited operates luxury hospitality and real estate assets, owning and running Peninsula-branded hotels in prime locations across Asia, the US, and Europe, with additional developments in London and Istanbul. It manages hotel operations and owns related commercial properties, clubs, and tourism assets to offer premium accommodations, services, and experiences. Its differentiators include a long history since 1866, a global collection of iconic Peninsula properties, and ownership of diverse assets like attractions such as The Peak Tram, enabling an integrated luxury brand experience. Its goal is to provide high-end hospitality and related real estate experiences while growing a portfolio of landmark properties and attractions that attract affluent travelers and investors.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Central and Western District, Hong Kong

Founded

N/A

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Simplify's Take

What believers are saying

  • 1H 2026 profit returned to HK$23 million after a HK$289 million loss.
  • Greater China RevPAR rose 29% and the US rose 16% in 1H 2026.
  • Board-approved HK$2.1 billion renovations reinforce long-term pricing power and asset relevance.

What critics are saying

  • The Thailand dispute over Peninsula Bangkok remains unresolved since 2019, threatening management rights.
  • HK$2.1 billion renovations at Hong Kong and Tokyo will disrupt earnings through 2026.
  • A weak China or Japan luxury cycle would crush returns at newly ramped hotels.

What makes The Hongkong and Shanghai Hotels unique

  • The Peninsula brand still commands premium rates across Greater China, the US, and Europe.
  • HSH owns irreplaceable trophy assets: Peninsula Hong Kong, Tokyo, London, and Istanbul.
  • The Peak Tram and commercial properties diversify cash flow beyond hotel rooms.

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Benefits

Flexible Work Hours

Paid Vacation

Bus transit reimbursement