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Graduate Course Proposal Form Submission Detail - HFT6477

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Current Status: Approved, Permanent Archive - 2011-03-11
Campus: Sarasota
Submission Type: New
Course Change Information (for course changes only):
Comments: USF-SM Academic Prog Comm. Approved 4/8/10; USFSM Acad Council Approved 4/20/10. To USF System for Concurrence 2/2/11; to SCNS for approval 2/10/11. SCNS approved. Effective 3/24/11. Posted in banner

  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    2314 2010-03-31
    Department College Budget Account Number
    Contact Person Phone Email
    Jay R. Schrock 24563

  2. Course Information

    Prefix Number Full Title
    HFT 6477 Hospitality Finance for Acquisition and Development

    Is the course title variable? N
    Is a permit required for registration? N
    Are the credit hours variable? N
    Is this course repeatable?
    If repeatable, how many times? 0

    Credit Hours Section Type Grading Option
    3 C - Class Lecture (Primarily) R - Regular
    Abbreviated Title (30 characters maximum)
    Hos Fin for Acquisition Dvlpmt
    Course Online? Percentage Online
    C - Face-to-face (0% online) 0



    Course Description

    This course will focus on effective decision-making for hospitality mgrs based on financial information they have. Value creation, mergers in the hospitality industry, capital investment, capital expenditure for the lodging industry will be discussed.

  3. Justification

    A. Please briefly explain why it is necessary and/or desirable to add this course.

    Needed for new program/concentration/certificate

    B. What is the need or demand for this course? (Indicate if this course is part of a required sequence in the major.) What other programs would this course service?

    This course is part of the MS in Hospitality Mgmt. With the rapidly expanding hospitality business in Florida, nationally and internationally there is a need for expanded education of industry leaders so that they can meet the needs of this rapidly expanding and changing environment. Advanced educational opportunities are critical to the growth of the industry. One U.S. Company is planning on opening 3,000 stores (restaurants) in China alone. This type of growth across the entire industry will require a different and better educated individual. There will be a need for managers that not only can manage one facet of the business but make strategic decisions in planning, acquisition, internet development and training that are not product centered, but demand centered and service centered.

    C. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times?


    D. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.)

    Ph.D. in Hospitality or Related Areas.

  4. Other Course Information

    A. Objectives

    1. Describe hotel financing trends in the current economic conditions.

    2. Perform basic hotel valuation.

    3. Analyze major lending approaches for the hotel industry.

    4. Evaluate management contracts for hotel industry.

    5. Perform financial assessment of franchising agreements of different chain restaurants.

    B. Learning Outcomes

    This course is to learn unique financial management concepts that are applicable to hotel, restaurant and private club businesses.

    C. Major Topics

    Finance and the Hospitality Industry

    Financial Reporting

    Analyzing Financial Statements

    Managing Working Capita and Controlling Cash

    Growing the Business

    Hotel Financing Trends and Schemes

    The Time Value of Money

    Investment Analysis

    The Investment Package

    Crafting and Negotiating the Deal

    Internal Control in the Hospitality Industry

    Financial Growth

    D. Textbooks

    Hospitality Financial Management, A. DeFranco, and T. Lattin, John Wiley & Sons, ISBN: 0-471-69216-6

    E. Course Readings, Online Resources, and Other Purchases

    F. Student Expectations/Requirements and Grading Policy

    Students will be expected to read on a regular basis, articles and publications related to hospitality finance issues and include information that they have read about into class room discussions. This information should come from either academic journals or professional magazines such as Journal of Hospitality Financial Management, International Journal of Contemporary Hospitality Management, Hotel and Motel Management, The Bottomline and other print sources. Information from reliable Internet sources such as Smith Travel Research and National Restaurants Association can also be discussed.

    Students will have to prepare a research project. They will have to find financial statements of either a hotel or a restaurant, analyze financial ratios, compare a financial position of a company with similar hotels and restaurants (based on type of service, sales volume and other identification characteristics) and produce specific recommendations on how to improve a financial performance of this business. The results of the project will be presented in the class room.

    G. Assignments, Exams and Tests


    Class Attendance and Participation: 25%

    Assignments: 25 %

    Class Group Report: 25%

    Case Studies 25%

    TOTAL 100%

    H. Attendance Policy

    Missed classes and late assignments will be a 1% reduction in your overall grade for each occurrence. Course Attendance at First Class Meeting Policy for Graduate Students: For structured courses, 6000 and above, the College/Campus Dean will set the first-day class attendance requirement. Check with the College for specific information. This policy is not applicable to courses in the following categories: Educational Outreach, Open University (TV), FEEDS Program, Community Experiential Learning (CEL), Cooperative Education Training, and courses that do not have regularly scheduled meeting days/times (such as, directed reading/research or study, individual research, thesis, dissertation, internship, practica, etc.). Students are responsible for dropping undesired courses in these categories by the 5th day of classes to avoid fee liability and academic penalty. (See USF Regulation Registration - 4.0101,

    Attendance Policy for the Observance of Religious Days by Students: In accordance with Sections 1006.53 and 1001.74(10)(g) Florida Statutes and Board of Governors Regulation 6C-6.0115, the University of South Florida (University/USF) has established the following policy regarding religious observances: (

    In the event of an emergency, it may be necessary for USF to suspend normal operations. During this time, USF may opt to continue delivery of instruction through methods that include but are not limited to: Blackboard, Elluminate, Skype, and email messaging and/or an alternate schedule. Its the responsibility of the student to monitor Blackboard site for each class for course specific communication, and the main USF, College, and department websites, emails, and MoBull messages for important general information.

    I. Policy on Make-up Work

    J. Program This Course Supports

    MS in Hospitality Management

  5. Course Concurrence Information


- if you have questions about any of these fields, please contact or