HADM 2221

Last Updated

  • Schedule of Classes - March 17, 2025 8:55AM EDT

HADM 2221
Principles of Hospitality Real Estate

Course information provided by the 2025-2026 Catalog.

This course emphasizes practical valuation and decision-making skills. You will receive an introduction to the business of hospitality and commercial real estate, including content on the major roles, activities and players, terminology, and how the relevant financial tools, institutional concepts, and economic models are used for sound investment decision-making.


Prerequisites REF-FA25/Corequisites REF-FA25 HADM 2220 or HADM 2250 or AEM 2240 or AEM 2241. Corequisites: None.

Forbidden Overlaps REF-FA25 HADM 2221, HADM 3210, HADM 4200, HADM 6200, REAL 6200

Enrollment Priority REF-FA25 Enrollment limited to: Nolan School students.

Fees REF-FA25 60 (). for database access and training.

Last 4 terms offered (None)

Outcomes REF-FA25

  • Examine hospitality (and other commercial) real estate markets to assess suitable investment opportunities given local demand, supply, and real estate price dynamics.
  • Develop cash flow projections based on your market analysis and the operating characteristics of the investment property (based on the Uniform System of Accounts for the Lodging Industry).
  • Analyze financing options under standard fixed- and adjustable-rate mortgages in order to assess the impact of financing choices on (hospitality) real estate investments.
  • Use industry-standard tools to make investment decisions based on your market and property-level analysis and assess investment risks, including considerations around financing and taxation.
  • Assess the profitability of renovation, refinancing, or disposition options available to the investor during the holding period of the property.
  • Understand the basics of indirect investment in (hospitality) real estate through listed real estate investment trusts (equity) and real estate debt securities (CMBS).
  • Identify the relevant practical legal concepts that govern the ownership of (hospitality) real estate.
  • Evaluate the impact of management contracts and franchise agreements on real estate owners in the lodging industry.

View Enrollment Information

Syllabi: none

  •   Regular Academic Session. 

  • 3 Credits Graded

  •  7191 HADM 2221   LEC 001

    • MW
    • Aug 25 - Dec 8, 2025

    • Staff

  • Instruction Mode: In Person

    Enrollment limited to: Nolan students. Prerequisite: HADM 1210 and HADM 2220, or equivalents. This is a core course reserved for Nolan students admitted Fall 2022 or later.
    Drop Deadline: Friday, August 30, 2024.

    Department Consent Required (Add)