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

Benefits

Compensation:- 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!