Design & Development of Hotels
- Hotel Development.
Faculty: Michael Blank & Dan Lesser
- Part 1, Introduction
- Careers & paths
- The work of LWHA & Woodmont Lodging
- Part 2, Scenarios to Develop a Hotel
- Raw land (or building to be razed)
- Reposition a hotel (from maybe C to A) (by design and level of service)
- Adaptive reuse (maybe a church to a hotel or apt building to a hotel)
- Stabilize a hotel (from poorly performing hotel to better financial performance)
- Feasibility studies
- Pro forma, market demand & drivers, budget
- Competition (existing or potential)
- Zoning
- Asset class
- Brand or independent
- Part 3, COVID
- Metrics & statistics
- Historical context
- Look-ahead
- Forecast
- CMBS
- Shift in hotel services to respond
- Near-term
- Outlook & inspiration
- Assignment
- Hotel Design.
Faculty: Roberto Sablayrolles
- Part 1, Introduction
- Part 2, Programming
- How does the architect work with the owner on vision?
- How does the architect work with the brand?
- Programming
- Discussion of the asset classes
- Discussion of the physical spaces, including room and amenities (spa)
- Discussion of the common areas (lobby)
- Food & beverage
- How do you design for ambiance?
- Part 2, Boutique Hotel
- History of boutique hotels
- History of the boutique hotel (from Club 54 to today)
- What are the topics of activation?
- Ownership Structure of Hotel Entities.
Faculty: Mike Pickett, John Ratino, Analia Castelo
https://media.wcl.american.edu/Mediasite/Play/7e5b477c2afb496c910a98ba299070e41d
https://media.wcl.american.edu/Mediasite/Play/d02a7314a66d4963b1ef009a53ef804f1d
https://media.wcl.american.edu/Mediasite/Play/b903e10188704269b474a4df34522b6e1d
https://media.wcl.american.edu/Mediasite/Play/cdf7fe32f5e7464a91ca969f8eb7b1821d
- Financial Literacy.
Faculty: Adam Katz
- Part 1, Introduction
https://media.wcl.american.edu/Mediasite/Play/0972f6ddae004d79ae9d6754dace444c1d
- Goals for the session
- Part 2, Financial Concepts & the Accounting Systems
https://media.wcl.american.edu/Mediasite/Play/194ae588d9b24c2386c61c1e7c59c0f01d
- Assets, liabilities, stockholders’ equity
- Revenues, expenses, and net income
- Part 3, Financial Statement
https://media.wcl.american.edu/Mediasite/Play/5086c3d8bb5c46d4be7a416d26bf07e81d
- Income statement
- Statement of retained earning
- Balance sheet
- Statement of cash flows
- Part 4, Notes to the Financial Statements & Relationships Among the Statements
https://media.wcl.american.edu/Mediasite/Play/5086c3d8bb5c46d4be7a416d26bf07e81d
- Part 5, Using Financial Statements & Ethical Conduct
https://media.wcl.american.edu/Mediasite/Play/ddfd6b03ae4a4ffe8f6fd98d579e38861d
- Part 6, Public Companies
https://media.wcl.american.edu/Mediasite/Play/f001dff459be47a38f10de7fb11d4e911d
- Part 7, Responding to COVID-19
https://media.wcl.american.edu/Mediasite/Play/30f94c7c9f4f412d90854618c78ebaa01d
- Part 8, Measuring and Evaluating Financial Performance
https://media.wcl.american.edu/Mediasite/Play/1bf63401d48c43158ddd428757d114b31d
- Horizontal and vertical computations
- Ratios
- Going concern questions
- Part 9, Conclusion
https://media.wcl.american.edu/Mediasite/Play/cf54dd9fe3464ba092009d6316360ac31d
- Assignment.
- Live Session.
- Faculty: Shapiro & maybe architect
- Sketch hotel
- Hotel Lenders.
Faculty: Ashley Reiser & Steve Goldman
- Part 1, Introduction
https://media.wcl.american.edu/Mediasite/Play/56d97ca48b6c4becbccdb91b14485d6e1d
- Goals for the session
- Glossary of terms
- Appraisal
- Pro forma
- Types of loans
- Economic cycles
- Part 2, Lending for a Hotel Project
https://media.wcl.american.edu/Mediasite/Play/587b4a8f8ce545888d83511b41075a941d
- Basics of lending, including underwriting
- Reasons for a brand as enhancement
- Part 3, Metrics for Lending
https://media.wcl.american.edu/Mediasite/Play/a97f88774e654b7fb9d3c3ea3dbaf9e91d
- Loan to cost
- Loan to value
- Part 4, Terms of a Loan
https://media.wcl.american.edu/Mediasite/Play/8570483e9fcc496e998b254ea19e22ee1d
- Interest rate
- Term
- Fees
- Part 5, Securing the Loan
https://media.wcl.american.edu/Mediasite/Play/75c1e7ef60314891a3237eed7369a2081d
- Personal guarantees
- Comfort letters
- SNDA
- Part 6, Current Market, Conclusion & Look-Ahead
https://media.wcl.american.edu/Mediasite/Play/bd9362cd167b4bb399002d0721e46ca81d
- International Hotel Development.
Faculty: Steve Goldman & Chris Wallace
- Part 1, Economic Models in International Development
https://media.wcl.american.edu/Mediasite/Play/140405b318ab4ea4845cf65e66ef7ccf1d
- Unit franchising
- Master franchising
- Area representation
- Area development
- Joint venture
- Legal issues and special topics in drafting
- Part 2, Laws & Norms of the Host Country
https://media.wcl.american.edu/Mediasite/Play/c8f7a55fe9a048c4a8c405b4f2edf1371d
- Identifying strategic regions
- Identifying partners
- Cultural and language barriers to entering a market
- Agreements in English
- Currency
- Understanding the political process
- Understanding dispute resolution
Gaming Law
- Gaming Law & Casinos.
Faculty: Mark Lerner & Mike Pappas
https://media.wcl.american.edu/Mediasite/Play/40ad13e2ee314317bb74a620b2118e3a1d
- Part 1, Introduction
https://media.wcl.american.edu/Mediasite/Play/371284bfd93b4363bcb289f90249291b1d
- Part 2, The Law of Gaming & Source of Gaming Law
https://media.wcl.american.edu/Mediasite/Play/feb8c335ab6a40abbaa7e8bc49fa0b0c1d
- Common law
- Constitutional
- Federal code
- Indian Gaming Regulatory Act
- State & Local Code
- License & regulation
- Regulatory and administrative models
- Economic impact of gaming
- What is the AGA?
- Part 3: Licensing & Regulation
https://media.wcl.american.edu/Mediasite/Play/a6355e85818a449d9af2e675d161a1fe1d
- Part 4, Operational Controls
https://media.wcl.american.edu/Mediasite/Play/df83bdca44964a25a581327e734550c41d
- Probabilities, rules, odds
- Surveillance
- Enforcement
- Minimum internal control standards
- Responsible gaming
- Part 5, Manufacturing Controls
https://media.wcl.american.edu/Mediasite/Play/d130c356436f422397b9aaeca6f210031d
- Part 6, Patron Disputes
https://media.wcl.american.edu/Mediasite/Play/cd6a64e0f9e8410baeedafed32bf69b01d
- Part 7, Slot Machines
- Part 8, Definitions of Gambling & Cheating
- Part 9, Careers in Gaming & Resources
- Sports Betting.
Faculty: Mike Pappas & Mark Lerner
- Part 1, History & Status of Legal Sports Betting in the U.S.
- 1992 Congress passes the “Professional and Amateur Sports Protection Act” (PASPA)
- New Jersey Challenged the Law in 2009
- SCOTUS heard the case in 2017 and ruled in 2018 (6-3) that PASPA violated the 10th amendment.
- Part 2, Terminology of Legal Sports Betting
- Glossary (betting line, odds, vig)
- Types of bets (point spread, moneyline, over/under
- Part 3, Future of Legal Sports Betting
- Part 4, Challenges to Legal Sports Betting
- The Wire Act
- Unlawful Internet Gambling Enforcement Act (UIGEA)
Shapiro Arbitration 