Description
Job Overview
The Asset Manager, 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
Strategic Ownership Representation (Third-Party Managed)
- Act as the principal liaison between ownership and third-party hotel operators to ensure the execution of the approved business plan.
- Negotiate and monitor compliance with Hotel Management Agreements (HMAs), ensuring operators meet all contractual and financial obligations.
- Conduct monthly and quarterly performance audits, challenging operator assumptions and identifying opportunities for revenue growth or expense mitigation.
- Monitor key hospitality KPIs, including RevPAR Index, GOPPAR, and Flow-through/Retention.
Financial Stewardship & Underwriting
- Lead the financial analysis, reporting, and underwriting of potential hospitality transactions, acquisitions, and joint ventures.
- Review and approve annual operating budgets and monthly reforecasts.
- Perform complex sensitivity analysis, discounted cash flow (DCF) modeling, and Net Present Value (NPV) analysis for asset repositioning scenarios.
- Monitor and report on asset-level and portfolio-level performance to maximize returns for investors and JV partners.
Capital Planning & Asset Preservation
- Oversee the Capital Expenditure (CapEx) budget, ensuring that renovations and Property Improvement Plans (PIPs) are completed on time, within budget, and contribute to the asset’s competitive positioning.
- Coordinate with third-party vendors and internal teams on major property-level projects, including facility maintenance and landscaping standards.
Leadership & JV Relations
- Produce timely and accurate internal and external communications for JV partners and senior executives.
- Supervise and mentor assigned Analysts, ensuring a high level of excellence in all financial modeling and reporting deliverables.
- Manage all aspects of transaction pursuit and due diligence, including the preparation of Investment Committee materials.
Qualifications
- 5–10 years of experience in hospitality asset management or hotel investment analysis.
- Bachelor’s degree in Finance, Hotel Management, Real Estate, or a related field.
- Advanced skills in Microsoft Excel. Proficiency in Yardi Voyager and Argus Enterprise is required.
- Exceptional financial modeling skills with a deep understanding of hotel P&Ls, benchmark reporting (STR), and valuation techniques.
- Strong leadership and negotiation skills; ability to establish strong working relationships with third-party operators and joint venture partners.
- Excellent communication and leadership skills
- Strong organizational skills and attention to detail, with the ability to manage multiple priorities simultaneously.
- Proven ability to manage competing priorities and lead support staff
Benefits
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.
Similar jobs
Est. 122,500 USD
Job Overview The Senior Analyst, Hospitality Asset Management supports the strategic oversight and financial performance of Comstock’s hospitality portfolio. This role partners closely with Asset Management leadership an…
Est. 70,000 USD
Job Overview The Janitorial Operations Manager will support porter services at multiple commercial, multifamily, and hotel sites across our portfolio (Rockville, Reston, Arlington, and Ashburn), reporting to the Director…
Est. 30,000 USD
Location: Reston,VA Job Overview The Senior Maintenance Manager is responsible for the effective daily leadership and administration of the onsite maintenance team with the objectives of safely, efficiently, and effectiv…
Est. 90,000 USD
Location: Reston,VA Job Overview The Senior Maintenance Manager is responsible for the effective daily leadership and administration of the onsite maintenance team with the objectives of safely, efficiently, and effectiv…
Est. 90,000 USD
Job Overview The Senior Operations Manager will serve as a key operational resource to property teams and senior leadership by supporting day-to-day site operations, leading due diligence and management transition activi…
Est. 105,000 USD
Location: Reston,VA Job Overview The Senior Maintenance Manager is responsible for the effective daily leadership and administration of the onsite maintenance team with the objectives of safely, efficiently, and effectiv…
Est. 110,000 USD
Job Overview The Residential Property Manager will lead the onsite team and oversee all activities to achieve budgeted leasing, occupancy, and financial goals at a luxury high-rise, lease-up community in the heart of Lou…
Est. 110,000 USD
Job Overview The Residential Property Manager will lead the onsite team and oversee all activities to achieve budgeted leasing, occupancy, and financial goals at a luxury high-rise, lease-up community in the heart of Res…
Est. 92,500 USD
Job Overview The Residential Property Manager will lead the onsite team and oversee all activities to achieve budgeted leasing, occupancy, and financial goals at a community in the heart of Arlington, VA. This metro-acce…
Est. 22,000 USD
Job Overview Comstock is excited to welcome a passionate Leasing Consultant to our team! As a leading developer of high-quality, sustainable, mixed-use, and transit-oriented communities, we’re looking for someone who thr…
Est. 26,500 USD
Job Overview Join our dedicated maintenance team at a luxury apartment community, where exceptional service and high-quality living standards are top priorities. We are seeking a skilled Maintenance Technician with exper…
Est. 34,000 USD
Job Overview The Maintenance Technician is responsible for the day-to-day maintenance, repair, and operation of building systems and common areas within the shopping mall. This role ensures the property remains safe, fun…
Est. 37,440 USD
The ParkX Remote Management Center Attendant assists the team with the operation of a complex parking site with multiple employees. The sites could be manned and unmanned, automated, or manual parking sites. Key Responsi…
Est. 26,500 USD
Job Overview Join our dedicated maintenance team at a luxury apartment community, where exceptional service and high-quality living standards are top priorities. We are seeking a skilled Maintenance Technician with exper…
Est. 22,000 USD
Job Overview Comstock is excited to welcome a passionate Leasing Consultant to our team! As a leading developer of high-quality, sustainable, mixed-use, and transit-oriented communities, we’re looking for someone who thr…
Est. 26,000 USD
Job Overview Join our dedicated maintenance team at a luxury apartment community, where exceptional service and high-quality living standards are top priorities. We are seeking a skilled Maintenance Technician with exper…
Est. 26,500 USD
Job Overview Join our dedicated maintenance team at a luxury apartment community, where exceptional service and high-quality living standards are top priorities. We are seeking a skilled Maintenance Technician with exper…
Est. 25,000 USD
Job Overview Comstock is looking for an experienced Sr. Leasing Consultant to join the team! Our company, a renowned developer of high-quality, sustainable, mixed-use, and transit-oriented communities is seeking a Sr, Le…
Est. 35,440 USD
Job Overview The ParkX Porter is responsible for maintaining cleanliness in the common areas at assigned sites. Duties include general upkeep such as pressure washing, window cleaning, trash removal, and routine cleaning…
Est. 37,120 USD
Job Overview The ParkX Porter is responsible for maintaining cleanliness in the common areas at assigned sites. Duties include general upkeep such as pressure washing, window cleaning, trash removal, and routine cleaning…
Est. 22,000 USD
Job Overview Comstock is excited to welcome a passionate Leasing Consultant to our team! As a leading developer of high-quality, sustainable, mixed-use, and transit-oriented communities, we’re looking for someone who thr…
Est. 26,500 USD
Job Overview The Accounts Payable Specialist will manage and process invoices and payments to vendors, ensuring that vendor transactions are completed accurately and on time. This individual will assist in maintaining ac…
Est. 37,440 USD
Job Overview The Valet Parking Attendant provides exceptional service to customers, tenants, and guests in an attentive, friendly, and efficient manner. In this key role, you will be responsible for parking and retrievin…
Est. 65,000 USD
The ParkX Security Operations Manager is responsible for the daily management of assigned Comstock/Third party location(s). This position delivers company, client, and customer expectations by ensuring that all assigned…
Est. 31,200 USD
Job Overview The ParkX Porter is responsible for maintaining cleanliness in the common areas at assigned sites. Duties include general upkeep such as pressure washing, window cleaning, trash removal, and routine cleaning…
Est. 45,120 USD
The ParkX Remote Management Center Attendant assists the team with the operation of a complex parking site with multiple employees. The sites could be manned and unmanned, automated, or manual parking sites. Key Responsi…
Est. 65,000 USD
Job Overview The Assistant Maintenance Manager, BLVD Haley, a luxury high-rise lease-up community in the heart of Reston, VA, supports the daily operations and leadership of the engineering and maintenance team. This rol…
Est. 35,200 USD
Job Overview The ParkX Porter is responsible for maintaining cleanliness in the common areas at assigned sites. Duties include general upkeep such as pressure washing, window cleaning, trash removal, and routine cleaning…
Est. 46,850 USD
Job Overview Comstock is excited to welcome a passionate Leasing Consultant to our team! As a leading developer of high-quality, sustainable, mixed-use, and transit-oriented communities, we’re looking for someone who thr…
Est. 22,000 USD
Job Overview Comstock is excited to welcome a passionate Leasing Consultant to our team! As a leading developer of high-quality, sustainable, mixed-use, and transit-oriented communities, we’re looking for someone who thr…