MSc in International Tourism Management

Real Estate Planning and Evaluation

Course Description

Students will be introduced to the real estate market and its development process.  The course will cover different valuations methods and valuation in the hospitality industry in general.


Learning Objectives  

After the successful completion of this course students will be able to:

  • Understand the fundamentals of the real estate market
  • Recognize various special types of real estate
  • Understand the trading potential of hotels
  • Understand the real estate development process
  • Be conversant with the different types of valuation methods
  • Establish and evaluate the cash flow for a hotel operation
  • Recognize and understand the aspects that influence the value of properties and yields as decision making tool for investments and developments
  • Be conversant with the different key terms of property development and valuation 


Martina Maly-Gärtner


Semester Offered
Fall or Spring