Associate- Asset Management (Hospitality)

Job Overview

The Associate, Hospitality acts as the primary representative for ownership, providing strategic oversight of third-party managed hotel assets. This role is responsible for maximizing the financial performance and long-term value of the hospitality portfolio. The individual will manage the relationship with third-party operators, lead financial underwriting for potential transactions, and coordinate joint venture relationships.

By blending operational audit with high-level financial analysis, the Asset Manager ensures that each property aligns with ownership's investment objectives and the company's mission of delivering extraordinary experiences.

Key Responsibilities

• Manage relationship with third-party hotel operators
• Create financial models for potential transactions as part of the underwriting process
• Assist with and support joint venture relationships across all sectors
• Produce and assist with reporting as it relates to all assets, JVs, and budgeting process
• Assist with all aspects of transaction pursuit and due diligence including preparation of Investment Committee materials, due diligence coordination, and other activities
• Perform sensitivity analysis and discounted cash flow analysis
• Monitor and report on performance at asset and portfolio level to maximize returns for investors
• Perform other duties as assigned
• Any other financial and joint venture relations activity that may become necessary through the day to day

Qualifications

• 3 - 4 years' experience in commercial real estate hospitality asset management
• Bachelor's degree in finance, accounting, business or mathematics preferred
• Must want to continuously learn and develop
• Must have a positive, can-do attitude and be able to fuel growth and innovation
• Advanced skills in Microsoft Word and Excel
• Experience working with Yardi and ARGUS preferred
• Exceptional analytical skills
• Must be highly credible and trustworthy, and operate with high degree of integrity
• Must hold oneself and others accountable and strive for a high level of excellence
• Must be customer-focused and results-oriented
• Exceptional oral and written communication, active listening, and organizational skills
• Ability to establish strong working relationships with others in team setting
• Ability to multitask and prioritize tasks with a strong attention to detail in a fast-paced environment
• Self-directed and able to work independently, with minimal supervision

Compensation

• Competitive Salary with Bonus Potential
• Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance

Career Development

• Opportunities for Advancement within our expanding portfolio
• Annual Professional Development Funds to fuel your growth

Employee Perks (to name a few)

• Housing Discount
• Commuter Benefits
• Free Parking and EV charging
• Parental Leave Program
• Enjoy a Friendly Work Environment that values collaboration

Explore more perks and possibilities here for growing your career with Comstock Companies! Discover what sets us apart!

• The wage range listed for this position reflects a reasonable estimate and considers multiple factors that influence compensation decisions.
• These may include, but are not limited to, your skills, experience, training, licensure, certifications, and the specific needs of the organization.
• The posted range does not reflect adjustments for geographic differentials tied to where the role may be filled.

• At Comstock, it is not typical for a new hire to start at or near the top of the posted range. Compensation is determined based on the unique circumstances of each candidate.
• You may also be eligible to participate in a discretionary annual incentive program. Any award under this program is subject to its rules and may depend on individual and organizational performance.
• Virginia Compensation Range $100,000—$140,000 USD