HADM 4230: Hospitality Real Estate Finance
Fall. 3 credits. Letter grades only (no audit).
Prerequisite: HADM 4200 or HADM 3210. Graduate students must enroll in HADM 6210. Co-meets with HADM 6210.
- Daniel Lebret (dl255) - Fall 2019
- Daniel Quan (dq22) - Fall 2020
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.