Associate- Asset Management (Hospitality)

Job OverviewThe 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 ResponsibilitiesManage relationship with third-party hotel operatorsCreate financial models for potential transactions as part of the underwriting processAssist with and support joint venture relationships across all sectorsProduce and assist with reporting as it relates to all assets, JVs, and budgeting processAssist with all aspects of transaction pursuit and due diligence including preparation of Investment Committee materials, due diligence coordination, and other activitiesPerform sensitivity analysis and discounted cash flow analysisMonitor and report on performance at asset and portfolio level to maximize returns for investorsPerform other duties as assignedAny other financial and joint venture relations activity that may become necessary through the day to day Qualifications3 – 4 years’ experience in commercial real estate hospitality asset managementBachelor’s degree in finance, accounting, business or mathematics preferredMust want to continuously learn and developMust have a positive, can-do attitude and be able to fuel growth and innovationAdvanced skills in Microsoft Word and ExcelExperience working with Yardi and ARGUS preferredExceptional analytical skillsMust be highly credible and trustworthy, and operate with high degree of integrityMust hold oneself and others accountable and strive for a high level of excellenceMust be customer-focused and results-orientedExceptional oral and written communication, active listening, and organizational skillsAbility to establish strong working relationships with others in team settingAbility to multitask and prioritize tasks with a strong attention to detail in a fast-paced environmentSelf-directed and able to work independently, with minimal supervisionBenefitsCompensation:- Competitive Salary with Bonus Potential- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life InsuranceCareer Development- Opportunities for Advancement within our expanding portfolio- Annual Professional Development Funds to fuel your growthEmployee Perks (to name a few):- Housing Discount- Commuter Benefits- Free Parking and EV charging- Parental Leave Program- Enjoy a Friendly Work Environment that values collaborationExplore 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