MS in Real Estate

The School of Hospitality Administration’s Master of Science in Hospitality Real Estate program requires two full-time terms, one summer course, and a summer internship that provides students with a unique opportunity to gain a foothold in the global hospitality real estate industry. For professionals currently working in the hospitality industry, the degree provides the necessary ongoing education to remain competitive and knowledgeable in the changing industry.

Learning Outcomes

The students will demonstrate the ability to:

• Master the science and art of analytical decisionmaking, negotiation, and critical thinking for success in the world of hospitality real estate.
• Focus on the study of innovation and disruption and teach students to create new and innovative business models that are required within hospitality in today’s fast-changing world.
• Understand how the pressures of a fast-paced hospitality industry and fast-evolving social, environmental, and economic conditions around the world are adding layers of complexity and risk to the hospitality real estate sector.
• Comprehend the impacts of climate change, demands for equitable development, changing work/home arrangements, online consumerism, and global flows of capital on the larger travel and tourism sector.
• Learn how to apply environmental, social, and governance (ESG) criteria as new metrics to measure performance of their hospitality investments, and how to work with regulatory agencies as they increasingly require that developers and owners demonstrate that their projects account for and help mitigate environmental factors. (ESG is included within the teachings of this program and will allow our students to be on the cutting edge of what has developed as an important conversation in the hospitality space.)

Curriculum

The degree consists of 36 units as follows:

Unit Requirements–Summary

• Required courses (36 units)
  • Six 4-unit courses, four 2-unit half-term courses
• Summer Capstone (4 units)
• Summer Internship (0 units)

Required Courses

The following courses are required (36 units):

Fall Term

• SHA HF 745 Intro to the Hospitality Real Estate Lifecycle (first seven weeks) (2 units)
• SHA HF 722 Hospitality Design (second seven weeks) (2 units)
• SHA HF 717 Hospitality Real Estate Finance & Feasibility (whole term) (4 units)
• SHA HF 680 Hospitality & Commercial Real Estate Development (whole term) (4 units) OR MET UA 617 Actionable Sustainability (whole fall term) (4 units)
• SHA HF 711 Financial Management (whole term) (4 units)

Spring Term

• SHA HF 715 Hospitality Asset Management (first seven weeks) (2 units)
• SHA HF 716 Franchise, Management & Independents (second seven weeks) (2 units)
• SHA HF 679 Financial Reporting & Analysis (whole term) (4 units)
• SHA HF 778 Hospitality Analytics (whole term) (4 units) OR MET UA 715 Planning and Land Law Use (whole spring term) (4 units)
• SHA HF 746 Hospitality Real Estate Transactions and Deal Making (whole term) (4 units)

Summer I

• SHA HF 747 The Real Estate Stakeholder Simulation (capstone course) (six weeks) (4 units)
• SHA HF 740 Graduate Internship in Hospitality Management (0 units)