Asset Manager (Hospitality)

Comstock; Reston (VA); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Housing Discount

Commuter Benefits

Free Parking and EV charging

Parental Leave Program

Friendly Work Environment

Job summary

Comstock is seeking an experienced Asset Manager, Hospitality in Reston, Virginia. This role includes strategic oversight of third-party managed hotel assets and ensuring financial performance aligns with ownership's goals. Responsibilities include managing third-party relationships, leading financial underwriting, and overseeing capital planning. The ideal candidate will have 5-10 years of experience in hospitality asset management, a bachelor's degree, and advanced skills in financial modeling and relevant software. The position offers competitive salary and benefits.

Qualifications

• 5-10 years of experience in hospitality asset management or hotel investment analysis.
• Exceptional financial modeling skills with deep understanding of hotel P&Ls.
• Proven ability to manage multiple priorities and competing priorities.

Responsibilities

• Act as principal liaison between ownership and third-party hotel operators.
• Lead financial analysis for potential hospitality transactions.
• Oversee Capital Expenditure budget for property renovations.

Skills

Hospitality asset management

Financial modeling

Negotiation skills

Leadership skills

Organizational skills

Education

Bachelor's degree in Finance, Hotel Management, or Real Estate

Tools

Microsoft Excel

Yardi Voyager

Argus Enterprise

Job description

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.

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

• 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!