Full-Time
Asset Manager
Hospitality
Comstock Companies
51-200 employees
Develops and manages mixed-use properties in DC
Compensation Overview
$150k - $180k/yr
+ Bonus potential + Discretionary annual incentive program
Reston, VA, USA
In Person
Bachelor's
Category
 Real Estate |
|---|
Required Skills
Financial analysis
Excel/Numbers/Sheets
Financial Modeling
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Requirements
- The candidate must have 5–10 years of experience in hospitality asset management or hotel investment analysis.
- The candidate must have a bachelor's degree in Finance, Hotel Management, Real Estate, or a related field.
- The candidate must have advanced skills in Microsoft Excel.
- The candidate must be proficient in Yardi Voyager and Argus Enterprise.
- The candidate must have exceptional financial modeling skills and a deep understanding of hotel profit and loss statements, benchmark reporting using STR, and valuation techniques.
- The candidate must have strong leadership and negotiation skills and the ability to establish working relationships with third-party operators and joint venture partners.
- The candidate must have strong communication skills.
- The candidate must have strong organizational skills and attention to detail, with the ability to manage multiple priorities simultaneously.
- The candidate must be able to manage competing priorities and lead support staff.
Responsibilities
- Act as the principal liaison between ownership and third-party hotel operators to ensure execution of the approved business plan.
- Negotiate and monitor compliance with Hotel Management Agreements, ensuring operators meet contractual and financial obligations.
- Conduct monthly and quarterly performance audits, challenge operator assumptions, and identify opportunities for revenue growth or expense mitigation.
- Monitor hospitality key performance indicators, including RevPAR Index, GOPPAR, and Flow-through/Retention.
- Lead financial analysis, reporting, and underwriting of potential hospitality transactions, acquisitions, and joint ventures.
- Review and approve annual operating budgets and monthly reforecasts.
- Perform sensitivity analysis, discounted cash flow modeling, and Net Present Value analysis for asset repositioning scenarios.
- Monitor and report on asset-level and portfolio-level performance to maximize returns for investors and joint venture partners.
- Oversee the Capital Expenditure budget and ensure renovations and Property Improvement Plans are completed on time, within budget, and contribute to competitive positioning.
- Coordinate with third-party vendors and internal teams on major property-level projects, including facility maintenance and landscaping standards.
- Produce timely and accurate internal and external communications for joint venture partners and senior executives.
- Supervise and mentor assigned Analysts, ensuring excellence in financial modeling and reporting deliverables.
- Manage transaction pursuit and due diligence, including preparation of Investment Committee materials.
Comstock Holding Companies, Inc. specializes in developing and managing mixed-use and transit-oriented properties in the Washington, D.C. region, offering asset management, property management, development, and construction management services. The company's main technologies/methods include mixed-use and transit-oriented development, asset management, property management, and construction management services.
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Reston, Virginia
Founded
1985
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