HOSPITALITY FINANCE

Catalog description

This course introduces the core ideas in hospitality finance: perform basic valuation of cash flows from hospitality projects; demonstrate basic understanding of capital budgeting decisions through the use of quantitative and scientific reasoning competencies including the time value of money and discounted cash flow analysis; assess the relation between risk and return and integrate that knowledge in determining corporate cost of capital; and demonstrate an understanding of the role of debt and equity in corporate capital structure. Applying critical thinking, communication, technology, information skills as well as ethics and diversity competencies. The course will use the Internet as a research tool, the email as a means of communications and MS Word for papers and projects.