Hospitality Asset Management

Catalog description

This course provides a quantitatively rigorous overview of hospitality asset management. Furthermore, it builds on the theoretical foundation of portfolio optimization and capital asset pricing theory, which are applied directly to hospitality assets and their management. Students will learn how to solve for an optimal financing solution (e.g., refinancing, selling, leasing) given a hospitality asset’s cash flow issues with budget constraints. At the end of the course, students will be able to: (1) Understand complex cash flow information and quantitatively identify asset management issues; (2) Use discounted cash flow model and computations to recommend an improved financing and management decision; (3) Draft a technical report and recommendations based on statistical analysis; (4) Apply the obtained quantitative acumen to hospitality-like durable assets and extend the analysis in other asset classes; (5) Perform textual analysis using factor models and generative AI to extract key information of distressed hospitality asset and debt conditions.