HADM 3210 - Principles of Hospitality Real Estate

Fall, Spring. 3 credits. Letter grades only.

Prerequisite: HADM 1210 and HADM 2220, or equivalents. No exceptions. Concurrent enrollment in HADM 2220 is not permitted. Enrollment limited to: SHA students. Required.

J. Corgel, J. deRoos.

Focuses on ownership of and equity investment in hospitality assets. The course develops an appreciation of the strategic role of real estate in the hotel and restaurant industries using the quantitative tools of financial economics. Topics include real property and personal rights, unit-level investment financing decisions, asset and equity valuation; all with a focus on hotels and restaurants.

The learning objectives take the course description and restate the course topics as a set of measurable goals. In HADM 3210 students will:

– develop and appreciation of the strategic role of real estate in the hotel and restaurant industries and the role of unit-level financial analysis in making investment decisions.

– build competence in using the quantitative aspects of financial economics.

– be able to make unit-level investment decisions for hotels and restaurants.

– be able to make unit-level financing decisions for hotels and restaurants.

– understand how hotel management contracts are structured and negotiated.

– understand how commercial leases contracts (more specifically, restaurant leases) are structured and negotiated.

Outcome 1: PLO 1.1: Students will identify key issues and appropriately apply discipline principles to analyze a hospitality management solution.

Outcome 2: PLO 1.2: Students will critically evaluate a hospitality management problem and will formulate a solution based on principles from at least two management disciplines.

Outcome 3: PLO 2.1: Students will create professional-quality written business documents.

Outcome 4: PLO 3.1: Students will identify the ethical dimensions of a business decision.

Outcome 5: PLO 4.1: Students will describe their personal strengths and development needs related to hospitality management.