The target audience of this class are students who aspires to have a career involving the ownership, development and/or financing of lodging assets. This course provides an introduction to and detailed instruction regarding the hotel market and feasibility research process including hands-on preparation of a feasibility analysis for a proposed hotel development. Principles of finance, such as time value of money and discounted cash flow analysis are addressed. Key component parts of a hotel asset acquisition and sale process are explored. Students will gain an understanding of the marketing process, spotting basic issues in a LOI, Purchase and Sale Agreement. They will also learn about the due diligence process, as well as they will be grasping some of the basic logistical issues involved with an actual hotel transaction closing. The description and analysis of investment return scenarios, market cycles, risk/reward analysis are explored. Appraisal and valuation techniques are discussed. 4 cr. On Demand.