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Course Description

This on-campus course at Cornell University’s Nolan School of Hotel Administration in Ithaca, NY, is designed to help owners, operators, and lenders optimize real estate and intellectual property returns from individual assets while recognizing their place in a larger real estate portfolio. You will use concrete tools to explore scenarios from holding/maintaining, renovating, expanding, or otherwise altering individual assets to maximize value and enhance the contribution that real estate brings to a mixed-asset portfolio. You’ll consider how owners use the management contract as an important asset management tool, both to direct the partnership between the owner and manager and to optimize value. You’ll also delve into the complexities and costs of modern-day channel management. You’ll examine how to manage the risks inherent in lodging properties over the market cycle as well as how a sustainability mindset can enhance returns and value.

This course is designed to complement the Advanced Hotel Real Estate: Deal Structuring and Capital Markets course. When planning your visit to Cornell, please consider enrolling in both courses to capitalize on your personal development and your travel investment. A special rate is available for enrolling in both courses. Please review the course here. If the field of hotel real estate is new to you, please consider taking the online certificate Hotel Real Estate Investments and Asset Management prior to attending this in-person course.

Faculty Author

Jeanne Varney

Benefits to the Learner

  • Review the current state of the capital markets and transaction markets
  • Negotiate management contracts
  • Examine the impact of CapEx and facility maintenance on hotel value
  • Apply environmental and social best practices to enhance value and reduce risk
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Type
On Campus
Days
M, T, W
Time
8:30AM to 5:00PM
Dates
Jun 10, 2024 to Jun 12, 2024
Schedule and Location
Total Number of Hours
25.5
Location
  • Ithaca Campus
Course Fee(s)
Standard Price $3,699.00
Section Notes

IMPORTANT PROGRAM  INFORMATION

  • Please note that while the on-campus experience will begin on June 10, 2024, access to your pre-program assignments will begin on May 27, 2024. We will notify you via email when it’s time to begin the pre-work.

  • Your on-campus experience will take place at Cornell University in Ithaca, NY, USA, beginning June 10, 2024, at 7:30am with registration and a continental breakfast in the Beck Center of the Cornell Nolan School of Hotel Administration. The formal program will be held June 10-12, ending at 5:00pm on June 12. Please do not make plans to depart before 5:00pm on June 12, as you will not earn your Cornell certificate if you leave early.

  • Cheryl Cox, Executive Education Program Manager, will be your PDP contact moving forward. If you have questions that cannot be answered on the FAQ page, please feel free to reach out to Cheryl at cac363@cornell.edu.

  •  A reception with drinks and appetizers will be held Monday evening, June 10, starting at 5:00pm. 
  • Continental breakfast and buffet lunches are provided daily. You will be responsible for your own dinners. 
  • Business-casual attire is appropriate throughout the program. 
  • Please note that your course materials will be available digitally. You will need to bring a laptop or tablet with you to campus to access these materials during class. Access via mobile phone is not possible. 
  • You are responsible for arranging for your own travel to Cornell and your own accommodations; please see our FAQ page for useful information. If you require a travel visa to attend the program, please email Cheryl as soon as possible. If you are unsure whether you will need a travel visa, please visit the U.S. Department of Homeland Security Website for more information. 
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