Ministry of higher education, science and innovations of the republic uzbekistan tashkent state university of economics

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MINISTRY OF HIGHER EDUCATION,
SCIENCE AND INNOVATIONS OF THE REPUBLIC UZBEKISTAN 
 
TASHKENT STATE UNIVERSITY OF ECONOMICS 
 
 
“APPROVED” 
_________________ 
 
 
 
 
 
 
 
 
 
 
(Rector) 
2023 “____” ________ 
 
 
 
 
 
 
 
 
 
HOTEL INVESTMENT 
COURSE SYLLABUS 
 
 
Field of knowledge: 
100000 – Services 
Field of education: 
1010000 – Service scope 
Field of study: 
5610200 – Organization and management of the hotel industry 
 
 
 
 
 
 
 
TASHKENT – 2023

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COURSE INFORMATION 
Course Identification 
Course Code: HINV 6 
Course Name: Hotel investment 
 
Semester/ Year: Semester 7 / 2023-2024 
Department: Hotel business management 
Number of hours/ credits: ECTS6 
Lectures 
Practice 
Exams 
Self-education 
Total 
32 
36 
4 
108 
180 
Course Location:
Class Times: According to timetable 
Prerequisites: 
 
Responsible department for the course: Hotel business management 
Teacher information:
Teacher: Nurmukhammadkhon Oppokkhonov Pulatkhon ugli 
Office Location: TSUE, 7th educational building, 2nd room 
Telephone: [phone] (Office)
E-mail: 
[e-mail]
  
Office Hours: By appointment 
I. Course description 
This subject of hotel investment is understanding concepts such as demand, supply, consumer 
rationality, and pricing are key topics for income managers, and as a result, these and other very 
specific economic concepts are presented throughout our classes.
The module will cover the complete financial cycle of hotel investment analysis including 
development, lending; operations, investment analysis, renovation decisions, acquisition and 
disposition. Hotel valuation principles and procedures are explored with emphasis on the replacement 
cost, sales comparison, and income capitalization approaches. As well, the role and function of the 
asset manager is discussed with emphasis on investment underwriting, portfolio management, 
operations analysis, market strategy, management contracts, franchises, strategic investment analysis 
and the property management team. 
 
II. Objective 
Based on this syllabus, it describes the goals of science. It aims to teach students the theoretical 
foundations of hotel investment knowledge, the basic concepts and categories of tourism and hotel 
management, revenue calculating proccesses and principles, and the ability to apply them in practice. 
This module aims to enhance students' understandings of hotel financial concepts and theories. 
The module also will allow students to learn contemporary hotel; financial analysis 
techniques/models. The student will be engaged in hotel appraisal techniques as well as understand 
the rationale behind hotel development, acquisition, dispositions. The student will be engaged in the 
various types of management and franchise agreements utilized in the hotel industry and learn the 
important role of the hotel asset manager. To pass this module the student will demonstrate a 
familiarity of business finance (corporate finance). The student should display some understanding 
of the relevant issues and some familiarity with the relevant theories and techniques.