HADM 4230 - Hospitality Real Estate Finance

Fall. 3 credits. Letter grades only (no audit).

Prerequisite: HADM 2221 or HADM 3210 or HADM 4200 Graduate students must enroll in HADM 6210. Satisfies HADM or free electives for Nolan School students. Course fee: approximately $130 (database access and training). Co-meets with HADM 6210.

D. Quan.

Focuses on real estate financing for hospitality-oriented projects. Lectures address the following topics: methods of measuring rates of return; feasibility and appraisal processes; equity and debt financing vehicles to include joint ventures, limited partnerships, construction mortgages, and participating, convertible, and seller-financed mortgages; forms of operating agreements to include management contracts, leases, and franchises; and trends in international hotel franchising. Presentations by hospitality industry real estate practitioners tie course material to current industry practices.