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Course Description

Ultimately, the goal of an asset manager is to strategically oversee hotel operations to meet the hotel owner’s investment objectives. To help you meet that goal, Cornell University professor Jan deRoos introduces the latest asset management techniques and provides a set of five practical tools that both owners and asset managers can use to achieve their strategic objectives.

In this course, you examine the various negotiation tactics and conflict resolution approaches that you can use to help when issues arise between owners and the hotel manager. You will examine capital expenditure planning and benchmarking, which can enable you to strategically  increase hotel performance and its overall long-term value. Finally, you’ll learn how to  manage and analyze risk appropriately, in order to  make refinancing decisions that use debt creatively.

Once you've completed this course, with its in-depth case studies and step-by-step guidance, you will be equipped with the asset manager’s toolkit, ready to tackle the challenges of this dynamic role.

You are required to have completed the following course or have equivalent experience before taking this course:

  • Developing an Asset Management Strategy

Faculty Author

Jan deRoos

Benefits to the Learner

  • Explore dispute resolution tools to manage conflict arising from the implementation of the management agreement
  • Calibrate the capital expenditure budget to fit different ownership requirements and market conditions
  • Evaluate capital expenditures and give meaningful input on near-term and long-term capital expenditure plans
  • Utilize industry-standard tools to benchmark revenues and expenses
  • Use benchmarking outcomes to ask informed questions about a property's operational results
  • Perform risk analysis designed to calibrate risk by increasing revenue and minimizing costs according to market conditions
  • Make refinancing decisions on a hotel property designed to reduce debt cost and to free up equity for more productive investments

Target Audience

Managers and professionals with financial or operational responsibility of hotel real estate, investments, financing, or asset management including asset managers and portfolio managers. Professionals working for or aspiring to work for real estate funds, REITs, real estate developers, real estate advisory firms, and others affiliated with the creation and use of real estate as a financial asset, focused on hotel real estate investment projects. 

Accrediting Associations

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2 week
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May 01, 2024 to May 14, 2024
Total Number of Hours
10.0
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May 15, 2024 to May 28, 2024
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10.0
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Jun 12, 2024 to Jun 25, 2024
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10.0
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Jul 10, 2024 to Jul 23, 2024
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Jul 24, 2024 to Aug 06, 2024
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Aug 07, 2024 to Aug 20, 2024
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Aug 21, 2024 to Sep 03, 2024
Total Number of Hours
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Sep 04, 2024 to Sep 17, 2024
Total Number of Hours
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Sep 18, 2024 to Oct 01, 2024
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10.0
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Oct 02, 2024 to Oct 15, 2024
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Oct 16, 2024 to Oct 29, 2024
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2 week
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Oct 30, 2024 to Nov 12, 2024
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10.0
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Nov 13, 2024 to Nov 26, 2024
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10.0
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Nov 27, 2024 to Dec 10, 2024
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Dec 11, 2024 to Dec 24, 2024
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Dec 25, 2024 to Jan 07, 2025
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10.0
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