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The Minor in Hospitality Business Real Estate Investment Management prepares students for careers focused on hospitality real estate including acquisition, appraisal, asset management, brokerage, consulting, development, investment analysis, market analysis, and mortgage lending.
The minor in administered by The School of Hospitality Business in the Broad College of Business and is available as an elective to students who are enrolled in bachelor’s degree programs at Michigan State University.
With the approval of the department or school and college that administers the student’s degree program, the courses that are used to satisfy the requirements for the minor may also be used to satisfy the requirements for the bachelor’s degree.
If you are interested in the Minor in Hospitality Business Real Estate Investment Management then please contact contact Jeff Yingling, Associate Director of Undergraduate Studies before applying.
Those seeking admission must meet the criteria below:
Admission is based primarily on MSU cumulative GPA and MSU core GPA. Academic and non-academic factors and experiences will also be considered. The application requires a statement of professional goals as well as documented work experience and extracurricular activities.
Complete the application for admission to the Minor in Hospitality Business Real Estate Investment Management today.
Students must complete the requirements specified below (25 credits).
3 CREDITS
Determinants of Gross National Product, unemployment, inflation and economic growth. National income accounting and fiscal policy. Aggregate demand, supply management and monetary policy.
View full course description at the Office of the Registrar.
3 credits
Optimal management of a hospitality firm’s assets and financing requirements. Analysis of financial statements, financial markets, risk, valuation, and short-term and long-term financing and investment.
View full course description at the Office of the Registrar.
3 CREDITS
Marketing of hospitality products and services in an increasingly competitive, global, and culturally diverse market.
View full course description at the Office of the Registrar.
3 credits
Process of planning and developing a commercial real estate project: conceptualization and planning, feasibility, commitment, design layout and construction, management and operation.
View full course description at the Office of the Registrar.
3 CREDITS
Exposure to key management and marketing issues relating to the effective implementation of revenue management. The relationships between the revenue management function and other functions or departments in the hospitality organization. The role and job responsibilities of a revenue manager. The identification of distribution channels that hospitality organizations may use to distribute their inventory.
View full course description at the Office of the Registrar.
3 credits
Quantitative and analytical skills used to communicate key business information effectively. Study of how business modeling and data analytics can increase decision making efficacy. Course topics include but are not limited to sensitivity and scenario analysis, financial modeling and forecasting, and applied business statistics methods.
View full course description at the Office of the Registrar.
3 credits
Cash flow determination and management. Strategies for financing hospitality ventures and expansion. Determining financial viability of proposed and existing operations.
View full course description at the Office of the Registrar.
Fi 311
3 CREDITS
Overview of financial management for business majors. Analysis of financial statements, markets, and assets. Risk and valuation, corporate budgeting and investment decisions. International and ethical implications. Current events applications.
View full course description at the Office of the Registrar.
Fi 320
3 CREDITS
Overview of finance for the non-business major. Stocks, bonds, mutual funds, financial statement analysis, capital budgeting, financial planning.
View full course description at the Office of the Registrar.
MKT 300
3 CREDITS
Analysis and strategic integration of buyer behavior, segmentation, positioning, demand analysis, information, pricing, promotion, channels, product policies, and ethics in consumer, reseller, industrial, and service markets.
View full course description at the Office of the Registrar.
MKT 327
3 CREDITS
Buyer behavior, segmentation, positioning, demand analysis, information, pricing, promotion, channels, product policies, and ethics in consumer, reseller, industrial, and service markets.
View full course description at the Office of the Registrar.
ITM 209
3 CREDITS
Use of data and analytics to identify and create business value.
View full course description at the Office of the Registrar.
1-6 credits (variable)
Specific knowledge and analytical skills necessary to be successful in an analyst role with a consulting, real estate development or investment advisory organization. Workshop topics include but are not limited to hospitality real estate investment, market valuation, Excel modeling, business writing, financing hospitality enterprises, asset management and hotel industry data analytics.
View full course description at the Office of the Registrar.
The Real Estate Investment Club is for all students who have a common interest in real estate development, particularly within the hospitality industry. The club creates unique opportunities for students including listening to significant guest speakers, participating in various site tours, and keeping in touch with alumni and other industry professionals.
Learn MoreThe mission of the Hospitality Association is to create and refine hospitality business leaders by providing forums for academic growth, industry experience, leadership roles and career-enhancing opportunities, and by encouraging social interaction and the development of student unity within The School of Hospitality Business.
Learn MoreIn 2007, The School of Hospitality Business established the Real Estate Investment Management Advisory Council. This group is in place to review and support the real estate interests of The School. Council members are by appointment only and meet annually (each spring).
Click here to view Real Estate Investment Management Advisory Council Members
Innovation & Technology in the Hospitality Industry
Presenters:
An Interactive Discussion: Innovation & Technology
Moderator:
Hospitality Business Real Estate Education: Past-Present-Future (panel presentation) included:
The meeting also featured a powerful presentation on “The Impact of Labor Unions on the Hospitality Industry” by Mr. Peter G. Fischer, Partner, BakerHostetler.
An afternoon session featuring the ever-popular “Roundtable Discussion: Lodging Industry Trends” was led and moderated by Mr. Ed Watkins. Nearly forty Real Estate Investment Management Advisory Council members attended.
Dr. Tomas Hult, director of MSU’s International Business Center, and Dr. Norm Graham, director of MSU’s Center for European, Russian and Eurasian Studies, discussed “New Administration: Impact on Foreign Policy and Global Business” with forty Real Estate Investment Management Advisory Council members.
“A New Administration: A New Era for the Lodging Industry” was led by HotelNewsNow Ed Watkins as moderator with all council members in attendance through a round table discussion.
Topic: “The Hotel Consolidation Wave: What It Means to You,” featuring Ed Watkins as moderator
Panelists:
Topic: New Brand Development panel discussion featuring Stephanie Ricca (HotelNewsNow.com) as moderator
Panelists: Jim Anhut (IHG), Andrew Alexander (Red Roof Inn), Christopher Burdette (Best Western International), Gary Steffen (Hilton Corporation) and Ronald Stewart (Marriott International).
Industry Speaker: Stephanie Ricca, HotelNewsNow.com
Topic: “How to Stay On Top” interactive session moderated by Ed Watkins, as well as panel presentation, “Threats and Opportunities in Detroit”
Industry Speaker: Ed Watkins, HotelNewsNow.com
Topic: Real Estate and Development Specialization Reorganization, new name “Real Estate Investment Management”
Industry Speaker: Ed Watkins, HotelNewsNow.com, “Managing Change in an Uncertain Economic Environment”
Topic: Institute Directions
Industry Speaker: Ed Watkins, Lodging Hospitality
Topic: Launching the Real Estate Development Institute
Industry Speaker: Ed Watkins, Lodging Hospitality
Topic: Round table discussion reviewing The School’s Real Estate & Development Specialization program
Industry Speaker: Ed Watkins, Lodging Hospitality
Focus: Strategic Planning for the Real Estate & Development Program
Focus: Evaluation of Hospitality Business Real Estate & Development Specialization
Focus: Inaugural meeting to discuss real estate & development advisory specialization program.