The Minor in Hospitality Business Real Estate Investment Management is a highly competitive option for students who are committed to a career in real estate development. A select group is chosen each year for this rigorous 19-20 credit curriculum which requires strong academic performance, extra coursework, an interest in finance, and a serious commitment to this career path. With this specialization, you might consider a career in hospitality real estate development firms, acquisition and development departments within major hospitality companies, hospitality consulting/appraisal firms, and mortgage lenders specializing in hotels, real estate acquisition funds, and asset management companies.
Hotel project development is a multidimensional process that involves various professionals, such as developers, market and financial analysts, architects, engineers and contractors, land planners, lawyers, franchisors, management companies, interior designers, brokers, appraisers, lenders, and investors. The Minor is designed to address the needs of multiple student audiences with the purpose of supplementing their core degrees to increase their professional skills and career options. While not limited to these majors, students enrolled in the following degree programs may especially benefit from this specialization: Hospitality Business, Finance, Construction Management Program, Community Agriculture Recreation Resource Studies (CARRS), Landscape Architecture, Urban and Regional Planning.
All of the following courses (12 credits):
|HB 311||Hospitality Finance||3|
|HB 382||Hospitality Business Real Estate Development||3|
|HB 473||Hospitality Business Analytics||3|
|HB 482||Advanced Hospitality Finance||3|
One of the following courses (3 or 4 credits):
|CMP 325||Real Estate Principles and Construction Finance||4|
|EC 330||Money, Banking, and Financial Markets||3|
|HB 358||Hospitality Business Ownership||3|
|HB 437||Hospitality Revenue Management||3|
|UP 400||Special Topics in Urban Planning – Real Estate Finance||3|
|UP 458||Housing and Real Estate Development||3|
Four credits from the following course (4 credits):
|HB 492||Hospitality Business Real Estate Professional Skills Workshop||1-4|
Students seeking admission or needing more information should schedule an appointment with Jeff Yingling, Assistant Director of Undergraduate Academic Programs in The School of Hospitality Business. To be considered for admission, a student must have been formally accepted as a junior to a degree program. In addition, applicants must have completed ACC 201, EC 201, EC 202, and the university mathematics requirement. Admission to the specialization is limited. Students are encouraged to apply at the time they reach junior standing.
To earn the Minor, students must complete 400 hours of work experience through a real estate internship over a period of at least 10 weeks. Students should complete HB 311, HB 382, and HB 492 workshops prior to seeking the internship to ensure competency for placement. The internship must have prior approval from the SIRC Director.
Upon completion of the requirements for the Minor, the student should contact the Director of The School of Hospitality Business and request certification for the completion of the Minor. After the certification is approved by the Director of The School of Hospitality Business and the Associate Dean for Undergraduate Programs of The Broad College of Business, the Office of the Registrar will enter on the student’s academic record the name of the Specialization and the date that it was completed. This certification will appear on the student’s transcript.