Jonathan M. Tisch Center of Hospitality
Advanced Seminar in Hosp & Tourism Management
This course explores the issues, techniques and strategies involved in investment analysis and financing of lodging development and acquisitions necessary to achieve success in developing, owning and operating lodging assets. The course will include general and industry specialized investment and financial analysis methods including current asset performance, prospective performance and the application of time value of money concepts, ratio analysis and capital budgeting. Topics to be covered include: success attributes, risk evaluation, market analysis, cash flow analysis and preparation, break-even, degree of operating leverage, rates of return, appraisal and valuation, debt, equity and lease financing, public-private ventures, taxation, portfolio theory, exit strategies and use of specialized software.