Asset Manager (Hospitality) Reston, VA

About the Role

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 relationships 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 each property aligns with ownership’s investment objectives and the company’s mission of delivering extraordinary experiences.

Responsibilities

• Strategic Ownership Representation (Third-Party Managed)
  • 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 (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 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.

Benefits

• Competitive salary with bonus potential.
• Generous benefit package: Medical, Dental, Vision, 401K Match, Life Insurance.
• Career development opportunities for advancement within the expanding portfolio.
• Annual professional development funds.
• Employee perks:
  • Housing discount.
  • Commuter benefits.
  • Free parking and EV charging.
  • Parental leave program.
• Collaborative and friendly work environment.

Pay

The wage range for this position in Virginia is $150,000 - $180,000 USD. Compensation is determined based on skills, experience, training, licensure, certifications, and organizational needs. Geographic differentials may apply depending on the role’s location. Participation in a discretionary annual incentive program may also be available, subject to individual and organizational performance.