HADM 6210 - Hospitality Real Estate Finance

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

Prerequisite: HADM 6200 or REAL 6200. Enrollment limited to: graduate students. Priority given to: NSHA MMH students in the Real Estate concentration. Undergrad students must enroll in HADM 4230. Co-meets with HADM 4230.

D. Quan.

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