The separation of ownership and management in the commercial lodging industry became prevalent on a global scale. This trend resulted in the emerging need for the role of Asset Managers who represent the interest of the owners in the most professional manner for maximizing the returns on capital invested in lodging assets. Approval and supervision of management is coupled with fiscal responsibility for the allocation and most efficient discharge of resources represent the key responsibilities for this fast growing niche filed called Asset Management. Lect: 3 hrs. Prerequisite: HTA 602 Course Weight: 1.00 Billing Units: 1
