Cornell offers Hotel Valuation Tool in Mandarin
Contact: Jane Henion, 607.254.8987, firstname.lastname@example.org
A Mandarin-language version of the popular Hotel Valuation Software has been released by the Cornell Center for Hospitality Research (CHR), in conjunction with the Cornell Center for Real Estate and Finance (CREF). Available at no charge, the Hospitality Valuation Software is the number-one item on the CHR's website with more than 7,000 user downloads. The new version of the Hotel Valuation Software is available on the CHR site at www.hotelschool.cornell.edu/research/chr/pubs/tools/hvsmandarin.html.
The Hotel Valuation Software was originally launched as a CHR tool in 2005 by Jan deRoos, the HVS Professor of Hotel Finance and Real Estate and the academic director of CREF, and Steve Rushmore, hotel valuation pioneer and founder of HVS, the global hospitality consulting firm. Since then, it has been updated twice with enhanced analytical capabilities and functionality. This is the first time the tool has been available in a language other than English.
"China is a key emerging market in hospitality real estate and development, and the Hotel Valuation Software will give owners, investors, and lenders an accurate and consistent way to forecast occupancy, revenues, and expenses and to perform hotel valuations. We are delighted to make the software available in Mandarin and expand the audience for this important tool," said deRoos.
The release of the new tool coincides with the Cornell International Summit: Hospitality, Real Estate, and the Built Environment, which will be held Saturday, April 20, 2013, at the Waldorf Astoria Shanghai on the Bund and is co-presented by the Cornell School of Hotel Administration, College of Architecture, Art, and Planning, and Center for Real Estate and Finance.
About The Center for Hospitality Research
A unit of the Cornell School of Hotel Administration, The Center for Hospitality Research (CHR) sponsors research designed to improve practices in the hospitality industry. Under the lead of the center's 72 corporate affiliates, experienced scholars work closely with business executives to discover new insights into strategic, managerial and operating practices. The center also publishes the award-winning hospitality journal, the Cornell Hospitality Quarterly. To learn more about the center and its projects, visit www.chr.cornell.edu.
Center Senior Partners: Accenture, ASAE Foundation, Carlson Rezidor Hotel Group, Hilton Worldwide, National Restaurant Association, SAS, STR, and Taj Hotels Resorts and Palaces
Center Partners: Davis & Gilbert LLP, Deloitte & Touche USA LLP, Denihan Hospitality Group, eCornell & Executive Education, Expedia, Inc., Forbes Travel Guide, Four Seasons Hotels and Resorts, Fox Rothschild LLP, Hyatt Hotels Corporation, InterContinental Hotels Group, Jumeirah Group, LRP Publications, Maritz, Marriott International, Inc., Marsh's Hospitality Practice, McDonald's USA, priceline.com, PricewaterhouseCoopers, Proskauer, ReviewPro, Revinate, Sabre Hospitality Solutions, Sathguru Management Consultants (P) Ltd., Schneider Electric, Travelport, TripAdvisor, and Wyndham Hotel Group
Center Friends: 4Hoteliers.com • Berkshire Healthcare • Center for Advanced Retail Technology • Cleverdis • Complete Seating • Cruise Industry News • DK Shifflet & Associates • ehotelier.com • EyeforTravel • The Federation of Hotel & Restaurant Associations of India (FHRAI) • Gerencia de Hoteles & Restaurantes • Global Hospitality Resources • Hospitality Financial and Technology Professionals (HFTP) • hospitalityInside.com • hospitalitynet.org • Hospitality Technology Magazine • HotelExecutive.com • International CHRIE • International Society of Hospitality Consultants (ISHC) • iPerceptions • JDA Software Group, Inc. • J.D. Power and Associates • The Leading Hotels of the World, Ltd. • Lodging Hospitality • Lodging Magazine • LRA Worldwide, Inc. • Milestone Internet Marketing • MindFolio • Mindshare Technologies • PhoCusWright Inc. • PKF Hospitality Research • Questex Hospitality Group • The Resort Trades • RestaurantEdge.com • Shibata Publishing Co. • Sustainable Travel International • UniFocus • WIWIH.COM
About the Center for Real Estate and Finance
Established in 2009, the Center for Real Estate and Finance provides a platform for educating students, creating new knowledge through research activities, and exchanging information about real estate with a broad set of audiences. CREF is at the forefront of research in all areas of commercial real estate, from the study of the behavior of real estate assets in investment portfolios to an understanding of real estate capital markets to the science of hedging real estate risk. To learn more about CREF, visit www.cref.cornell.edu.
CREF Industry Fellows: Archon Group, LP • Atlantic & Pacific Companies • Caribbean Property Group • Carlson Hotels • Chartres Lodging Group • Crescent Heights • Grove International Partners • Hersha Hospitality Trust • Hilton Worldwide • Hudson Bay Company • HVS • Jones Lang LaSalle Hotels • LaSalle Hotel Properties • Marquette Real Estate Group • Marriott International • Prudential Real Estate Investors • Real Capital Analytics • RLJ Lodging Trust • Sawyer Realty Holdings • Spring Bay Property Company • Starwood Capital Group • Sunstone Hotel Investors • The Mega Company • W Holdings • Watermark Capital Partners, LLC • Westbrook Partners • Wells Fargo • Wyndham Hotel Group
CREF Friends: AREA Property Partners • BlackRock • Clarion Partners • Commercial Mortgage Alert • CreXus Investment Corporation • GTIS Partners • Mid-America Management Corp • National Realty and Development • New York Women Executives in Real Estate • TIAA-CREF • Tishman Hotel & Realty • Westport Capital Partners LLC