HOTEL INVESTMENT - 2024/5
Module code: MAN3127
The module will cover the complete financial cycle of hotel investment analysis including development, lending; operations, investment analysis, renovation decisions, acquisition and disposition. Hotel valuation principles and procedures are explored with emphasis on the replacement cost, sales comparison, and income capitalization approaches.
As well, the role and function of the asset manager is discussed with emphasis on investment underwriting, portfolio management, operations analysis, market strategy, management contracts, franchises, strategic investment analysis and the property management team
Hospitality & Tourism Management
GANBERT Sylvia (Hosp & Tour)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
JACs code: N862
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 105
Lecture Hours: 11
Seminar Hours: 22
Guided Learning: 11
Captured Content: 1
Prerequisites / Co-requisites
Introduction to the Hotel Investment Sector
Stakeholders in Hotel development & investments ie hotel operators, owners and debt lenders
Hotel transaction analysis related to acquisition, development, asset management
Hotel Development – Feasibility studies, development and market analayis
Hotel investment/financial returns as well as benchmarking analysis
Hotel Management Agreements & Various contract options
|Assessment type||Unit of assessment||Weighting|
GROUP ASSIGNMENT to be replaced with Individual Assignment (2,500 words) report
The assessment strategy is designed to provide students with the opportunity to demonstrate all learning outcomes that are related to the topics delivered in various weeks. The assessments are designed to capture learning in all the topics covered in this module
Assessment 1 - Summative. Individual Report based on a case study feasibility study
Assessment 2 - Summative Presentation and report based on a destination market analysis.
Formative feedback will be consistently provided throughout lectures & seminars. There will also be opportunities provided for direct meetings with the module leaders to provide feedback and answer any question that may occur.
- This module aims to
This module aims to enhance students' understandings of hotel financial concepts and theories. The module also will allow students to learn contemporary hotel; financial analysis techniques/models. The student will be engaged in hotel appraisal techniques as well as understand the rationale behind hotel development, acquisition, dispositions. The student will be engaged in the various types of management and franchise agreements utilised in the hotel industry and learn the important role of the hotel asset manager. To pass this module the student will demonstrate a familiarity of business finance (corporate finance). The student should display some understanding of the relevant issues and some familiarity with the relevant theories and techniques.
|001||To provide basic techniques of evaluation of hotel financial and operating data.||K|
|002||Evaluate the hotel development process through feasibility studies||KC|
|003||Understand the role of the hotel asset manager through buy, hold, sell strategies as well as hotel value enhancement||K|
|004||Understand the importance of hotel management and franchise agreement and negotiations.||K|
|005||Understand hotel property management operations||K|
|006||Understanding the fundamentals of various management contracts||KCT|
|007||Understand the various stakeholder and their motivations behind hotel investment||KPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy is developed in this module to facilitate active learning and to support students in achieving the learning outcomes.
Lectures incorporating class-room participation for better understanding. Seminars sessions for solving problems to understand the contents covered in lectures. The seminars cover worked examples which are an integral part of the module. Tutor will provide the necessary support during these sessions for deeper understanding practical examples, articles, case studies and long problem solutions.
Utilizing SurreyLearn as the main pool of resources including lecture handouts, tutorial problems, mock exercises, articles, case studies, and discussions. Besides using SurreyLearn as the main means of communication to establish resource efficiency and communicational effectiveness. Weekly office hours provided by lecturers. Support of lecture material by directed reading in selected.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Upon accessing the reading list, please search for the module using the module code: MAN3127
Surrey's Curriculum Framework is committed to developing students with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills and capabilities in the following areas:
Digital Capabilities: Learning to navigate SurreyLearn, is an essential part of the module. Teaching and learning materials are provided in a number of formats (e.g. captured content, documents, case studies, Excel workbooks etc), and students are encouraged to use various methods for communication. Students also works with Excel spreadsheet for their weekly group tutorials and other exercise which helps them familiarizing themselves with functions and formats of the software.
Employability: This module provides students with a working knowledge of key conceptual foundations for critically analysing Hotel investment concepts, equipping students to use their knowledge of the topic to make strategic, technical and operational business decisions in the service industry with the aim to optimize investment decisions. This knowledge and decision-making skills will naturally be developed over time with more experience in their career This module continues to build on the ability to critically analyse macro data with the aim to develop strategic decision making skills.
Global and cultural understanding: In this module, students are informed of different revenue management practices that are impacted by various global consumer behavior and geopolitical factors. As such, students develop global and cultural understanding in terms of investment behaviour in cross boarded capital, from different countries outside the UK and how decision making needs to be evolved accordingly.
Resourcefulness and Resilience: This module equips students by using practical examples and exercises to critical analyse and interpret revenue management data that is key to understanding the financial performance and management of any service business and making strategic, technical and operational business decisions. This allows students to build resourcefulness and resilience in developing a problem-solving mindset through financial accounting problems and risks in the context of service businesses.
Programmes this module appears in
|International Hospitality and Tourism Management BSc (Hons)||2||Optional||A weighted aggregate mark of 40% is required to pass the module|
|International Hospitality Management BSc (Hons)||2||Optional||A weighted aggregate mark of 40% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.