Achieving Hotel Asset Management Objectives
Course ID: SHA566 Administer and renegotiate management contracts, evaluate capital expenditures, benchmark a property's performance, perform asset risk analyses and evaluate hotel refinancing. |
Description
Hotel asset management is the responsibility of managing the lodging investment to meet the specific objectives of ownership. This course introduces the latest asset management techniques and provides a set of practical tools and tactics that owners and asset managers can use to achieve their strategic objectives.
Participants will learn how to administer and renegotiate management contracts, evaluate capital expenditures and manage their execution, and monitor expenses to reduce costs. They will learn how to benchmark a property's revenue and expense performance against the market, perform asset risk analyses tailored to current market conditions, and evaluate various refinancing opportunities to reduce debt costs or free up capital for other investment opportunities.
Who Should Enroll in This Course?
This course is designed for:
- Managers and professionals in the hospitality industry with financial or operational responsibility for real estate, investments, or management contracts
- General managers, asset manager and others with asset management responsibilities
- Business development professionals with branded operators who have professional interaction with owners
- Lenders, investors, real estate professionals, and developers who seek entrance into the hospitality real estate market
Enrollment
To register, contact an Enrollment Counselor at info@ecornell.com or 1-866-326-7635 (+1-607-330-3200 from outside the United States).Certificate programs are eligible for eCornell Payment Plans. Discounts are available for military personnel, veterans, and Cornell University Alumni. eCornell programs are not eligible for financial aid or federal Pell Grants. Contact an enrollment counselor for more information.
May 16, 2012
June 27, 2012
Click 'Enroll Now' to see available dates beyond June 27, 2012.
Certificate Information
This course can be applied toward the following certificate:Additional Information
Course Format
All eCornell courses are delivered online and are self-paced. An eCornell instructor leads the online discussions, grades any course projects, and is available to answer specific questions about the course content.
This course contains the following modules:
- Asset Managing Hotel Management Contracts
- Administering Management Contracts
- Renegotating Management Contracts
- Managing Capital Expenditures
- Tools for Evaluating Capital Expenditures
- Monitoring Expenses
- Benchmarking Hotel Performance
- Overview of Benchmarking
- Benchmarking Revenues
- Benchmarking Expenses
- Risk Analysis and Refinancing
- Risk Analysis of Individual Assets
- Refinancing
Benefits to the Learner
Participants who complete this course will be able to:- Manage contract administration and contract renegotiation
- Make capital expenditure decisions and manage their execution
- Use industry-standard benchmarking tools to enhance revenues and reduce costs
- Perform risk analysis designed to calibrate risk by magnifying revenue enhancement and minimizing costs according to market conditions
- Perform a refinancing analysis in order to reduce debt cost and to liberate illiquid equity for more productive investments
Authoring Faculty
Jan A. deRoos, Ph.D., Associate ProfessorSponsoring School
Cornell University's School of Hotel AdministrationTotal Learning Time
Approximately six hours over a period of two weeksYou May Be Interested In...
Students who purchased this course also purchased:
- Student Testimonial,
"This course is a great opportunity to interact with our lodging industry colleagues from all over the world."
Achieving Hotel Asset Management Objectives - Student Testimonial,
"I strongly believe that the course materials are useful in many aspects. It truly helped to enhance my knowledge and point of view of the business."
Achieving Hotel Asset Management Objectives - Apart from the great explanations within the content of the course, what contributed most to the learning was the in depth knowledge of some of the participants, specially on a course like this where much of the decision making is very subjective and dependent on many different variables not always covered in the case studies. Thank you for an enriching experience.Sacha Bernal Coates,Achieving Hotel Asset Management Objectives
