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Course Description

For a hotel investment to be successful, you must first have accurate and reliable data about the critical aspects of the hotel operation, such as occupancy, revenue, expenses, and cash flows. But how do you generate these detailed forecasts? In this course, Cornell University professor Jan deRoos leads you through this analysis using the Hotel Valuation Software he developed with HVS International. 

Starting with the market study, you will forecast hotel occupancies for new properties and for existing properties and calculate average daily rates using a variety of cutting-edge techniques. Using the occupancy data, you will  then forecast hotel cash flows, respecting the fixed and variable revenue and cost structure of a hotel. At the end of this course, you’ll  estimate of the market value of the hotel, a critical component of any sound investment decision. Given that forecasts are only as accurate as the starting assumptions, you’ll learn how to develop data to support your forecasts. 

With step-by-step guidance and sophisticated software tools, you will walk away from this course with the skills necessary to conduct detailed forecasts and valuations for any hotel property.

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

  • Financial Analysis of Hotel Investments

Faculty Author

Jan deRoos

Benefits to the Learner

  • Perform a market study for a particular property
  • Forecast occupancy and average daily rates
  • Produce accurate forecasts of income and expenses
  • Use the income approach to produce an estimate of market value
  • Produce defensible and supportable estimates using the tools developed in this course

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

Applies Towards the Following Certificates

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2 week
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Nov 27, 2024 to Dec 10, 2024
Total Number of Hours
10.0
Course Fee(s)
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Dec 11, 2024 to Dec 24, 2024
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Total Number of Hours
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Total Number of Hours
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Total Number of Hours
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Total Number of Hours
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Aug 06, 2025 to Aug 19, 2025
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Aug 20, 2025 to Sep 02, 2025
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Sep 03, 2025 to Sep 16, 2025
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10.0
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Oct 01, 2025 to Oct 14, 2025
Total Number of Hours
10.0
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Oct 15, 2025 to Oct 28, 2025
Total Number of Hours
10.0
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Oct 29, 2025 to Nov 11, 2025
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Nov 12, 2025 to Nov 25, 2025
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Nov 26, 2025 to Dec 09, 2025
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Dec 10, 2025 to Dec 23, 2025
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Dec 24, 2025 to Jan 06, 2026
Total Number of Hours
10.0
Course Fee(s)
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