Financial Analysis of Hotel Investments
Course ID: SHA561 Evaluate hotel investment and hotel financing decisions and structure deals that meet the needs of the owner, the operator, and the lender. |
Description
A hotel's real estate is one if its most valuable assets and it is essential to be able to accurately value this critical investment. This course uses practical and theoretically grounded tools of investment analysis and valuation to introduce participants to contemporary practices in lodging investments. Participants will learn to evaluate hotel investments and hotel financing decisions and structure deals that meet the needs of the owner, the operator, and the lender.
This course explores the multiple elements and factors involved in the hotel investment decision including the hotel owner-operator-lender partnership and the different ways each party will evaluate a real estate investment deal. This multi-party view will enable you to negotiate the most favorable agreement based on your priorities and requirements and evaluate alternatives. This course provides thorough coverage of how a deal is structured using debt and equity financing, and the impact of debt financing on equity returns.
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.
April 18, 2012
May 30, 2012
Click 'Enroll Now' to see available dates beyond May 30, 2012.
Certificate Information
This course can be applied toward the following certificates:- Strategic Leadership for the Hospitality Professional
- Hotel Real Estate Investments and Asset Management
CEUs
Project Management Institute Professional Development Units
This course qualifies for 6.25 Professional Development Units (PDUs) from the Project Management Institute (PMI) for Professional Project Managers (PMPs) seeking ongoing education and professional development for continuing certification. eCornell is a Global Registered Education Provider of PMI. PDUs are designated as Category 3.
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:
- The Hotel Owner-Operator-Lender Partnership
- Partnering Owners, Operators, and Lenders
- Different Owners Have Different Reasons to Invest
- How Equity Plays the Game
- Evaluating the Deal: How Owners, Operators, and Lenders Evaluate Proposed Projects
- How the Owner Evaluates the Project
- How the Operator and Lender Evaluate the Project
- Overview of Hotel Market Valuation Methodologies
- Structuring the Deal: Current Equity and Debt Financing Structures
- Hotel Financing Cycle: Equity Financing
- Hotel Financing Cycle: Debt Financing
- Course Project: Investment Construction and Analysis
Benefits to the Learner
Participants who complete this course will be able to:- Explain the varied motivations of owners, operators, and lenders in pursuing real-estate investments
- Analyze and evaluate investment projects from the perspective of owners, operators, and lenders
- Structure hotel investments that meet the needs of all parties
- Make informed decisions about the attractiveness of hotel investments, especially the decision to invest equity in a hotel
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,
"What really made my learning experience great was the use of the case study. It brought all the different elements of the class together and made it easier to understand."
Financial Analysis of Hotel Investments - Student Testimonial,
"I don't have formal education in the hospitality industry so learning how all the players involved in a hotel deal evaluate a project is crucial to my future growth. I look forward to applying what I have learned on my next venture."
Financial Analysis of Hotel Investments - First experience with an eCornell course, and I was impressed with the content and presentation. Well done!Michael McDonnell,Financial Analysis of Hotel Investments
- I am happy that the material covered touches issues that are part of my current job and responsibility. This course helped to understand my job better.Lado Sakvarelidze,Financial Analysis of Hotel Investments
