Hotel Development + Investment Analysis

Real Estate Development

Fall 2012

Adam Feil, instructor

The course covered the complete financial cycle of hotel investment analysis including development, lending, operations, investment analysis, renovation decisions and acquisition or disposition. Real estate valuation principles and procedures were explored with emphasis on the replacement cost, sales comparison and income capitalization approaches. As well, the role and function of the asset manager was discussed with emphasis on investment underwriting, operations analysis, portfolio management, strategic investment analysis, market strategy, management contracts, franchises and involvement with the property management team.