HADM 4230: Hospitality Real Estate Finance

Fall, Spring. 3 credits. Letter grades only.

Prerequisite: HADM 4200 or HADM 3210; for Fall, with instructor permission students may take HADM 3210 conccurrently. For Spring, student may not take prerequisites concurrently. Graduate students must enroll in HADM 6210. Co-meets with HADM 6210 in Spring.

Daniel Quan (dq22) – Fall 2017
Daniel Quan (dq22) – Fall 2018
Daniel Lebret (dl255) – Spring 2018
Daniel Quan (dq22) – Spring 2019

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.