HADM 6210: HADM 6210: Hospitality Real Estate Finance

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

Prerequisite: HADM 6200. Undergrad students must enroll in HADM 4230. Co-meets with HADM 4230.


  • Daniel Lebret (dl255) - Fall 2019
  • Daniel Quan (dq22) - Fall 2020


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.