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Hotel Industry News |
Saturday July 5th, 2008 |
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Cornell's School of Hotel Administration Launches Online Certificate Program in Hotel Real Estate Investments/Asset Management |
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Partnership with eCornell provides tools for valuing hotel real estate investments and management contracts |
Cornell University's School of Hotel Administration has partnered with eCornell to create a six-course certificate series on the dynamics of hotel real estate and management contracts for property owners, operators and lenders.
Authored by Jan A deRoos, associate professor and HVS International Professor of Finance and Real Estate at the Cornell Hotel School, the series is adapted from his courses delivered in the school's Professional Development Program in Ithaca, Brussels, and Singapore.
'Professor deRoos is widely recognized as one of the foremost authorities on hotel development in the industry,' says Tom Kline, director of Executive Education at the school. 'We are very pleased that he has made his popular executive courses available in an online format for eCornell. Cornell can now offer year-round, global access to this important knowledge.'
The six courses focus on three main themes central to maximizing value for hotel property owners, operators, and lenders:
• The separation of real estate ownership and control as a vital way to increase value,
• The valuation and financing of hotel real estate investments as a key competency for today's decision makers, and
• Asset management as a legitimate and respected tool for value creation and value improvement
This certificate provides a rigorous framework for participants to learn the practical aspects of ownership and management of hotel real estate including negotiation of management contracts, revenue and cost forecasting, valuing hotel intellectual property, and the strategies and tactics necessary to achieve asset management objectives.
'My eCornell courses provide students with a convenient way to learn this material,' deRoos says. 'Students have access to tools and concepts they can use immediately to increase value in the workplace.'
Each course is designed to be both a part of the certificate program and a stand-alone learning experience. The courses in the series are: Financial Analysis of Hotel Investments, Control of Hotel Real Estate, Valuing Hotel Investments Through Effective Forecasting, Valuing Hotel Intellectual Property and Structuring the Capital Stack, Developing an Asset Management Strategy, and Achieving Hotel Asset Management Objectives.
Registrations are being accepted now for all courses. Instruction in this new certificate program begins in May 2008. All courses are delivered online using eCornell's Structured Flexibility delivery methodology. Each course requires about six hours of learning time over a two-week period and is facilitated by a subject matter expert instructor to ensure mastery of content and successful application back into the workplace.
About the Cornell School of Hotel Administration
The Cornell University School of Hotel Administration is shaping the global knowledge base for hospitality management through leadership in education, research and industry advancement. The school provides management instruction in the full range of hospitality disciplines, educating the next generation of leaders in the world's largest industry. Founded in 1922 as the nation's first collegiate course of study in hospitality management, the Cornell School of Hotel Administration is recognized as the world leader in its field. For more information, visit www.hotelschool.cornell.edu.
About eCornell
eCornell, a wholly-owned subsidiary of Cornell University, provides many of the world's leading organizations with online, asynchronous professional and executive development in the areas of strategy, leadership and management development, human resources, financial management and hospitality management. Its proven course development model and instructor-led course delivery provide for engaging, rigorous and interactive learning. The company has delivered over 70,000 courses to students in 180 countries. For more information, visit www.ecornell.com.
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Contact Information:
Fax: 607 255-8749
Phone: 607 255-4919
The Office of Executive Education, School of Hotel Administration, Cornell University; 149 Statler Hall, Ithaca, New York 14853-6902, U.S.A.
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With 60 full-time teaching faculty, the Cornell Hotel School has the world's largest group of scholars focused on hospitality service-oriented management. Many large global hospitality companies are actively involved with our faculty for executive education and training, as well as research and consulting. As a result, the Hotel School is the hospitality industry's "think tank." |
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