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 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.