From smart buildings to smart cities, the Internet of Things (IoT) is rapidly shaping the way human beings interact with the built environment and various real estate asset classes. Implementing technology into the built environment now allows us to tailor the inhabitant experience and collect and analyze user data to make better decisions for efficiencies… Continue Reading Look Out for the Smart Hotel: The Hospitality Industry is On the Verge of Embracing the Internet of Things
Modular buildings are not a new phenomenon – interest in prefabrication dates as far back as 1935 when Sears Roebuck and Co. announced that it would build and ship fully assembled homes, a touch more sophisticated than its “Modern Homes” catalog version (Emmet, 1965). Prefabricated building manufacturing is stimulated by real estate cycles when labor… Continue Reading Even Hospitality is Going Modular
The relationship between hospitality companies and online travel agencies (OTAs) has widely fluctuated over the past two decades. The industry’s responses to the threat of OTAs have thus far had limited impact. This article explores a more drastic solution: vertical integration. When OTAs emerged in the late 90’s, many hospitality companies held a positive outlook… Continue Reading Frenemies: Is Vertical Integration the Answer to OTAs?
At a lodging conference in December 2016, Laura Paugh, Marriott International’s SVP of Investor Relations, remarked that Airbnb hasn’t “[made] headway in the corporate environment, which is really [Marriott’s] bread-and-butter business.”[i] This statement is reflective of the hospitality industry’s general stance on Airbnb: the platform hasn’t yet made a material impact because Airbnb does not… Continue Reading Is PUBLIC Hotel the Answer to Airbnb?
Author: Cornell Baker Program in Real Estate (Downloadable PDF) The PDF which can be downloaded to read at your leisure represents the efforts and sacrifices of the entire Real Estate Review editorial staff. However, none of this could be accomplished without the guidance of Dr. Michael Tomlan, Baker Program Director, Dustin C. Jones Esq., and… Continue Reading Cornell Real Estate Review
With the Spring 2017 Semester coming to a close, the 2018 candidates for the Baker Program in Real Estate have begun to see the fruits of their efforts in securing highly touted summer internships. These internships will solidify, and grow the knowledge base of the candidates gained during their first 2 semesters in Ithaca. Currently,… Continue Reading Summer 2017: Internships for Baker Program 2018 Candidates
Cornell’s Baker Program in Real Estate is pleased to spotlight Andrew Benioff as the next featured guest in its Distinguished Speaker Series on April 13, 2017. Andrew is the Founder and Managing Partner of Llenrock Group, LLC, a real estate investment banking and advisory firm, and a principal at Linden Lane Advisors, LLC, a value-added… Continue Reading Distinguished Speaker Series: Andrew Benioff, Founder and Managing Partner of Llenrock Group, LLC
Cornell’s School of Hotel Administration’s Center for Real Estate Finance (CREF) in conjunction with Cornell’s Baker Program in Real Estate’s Distinguished Speaker Series is pleased to feature Cheryl Boyer (SHA ’87) as a guest for the 2017 WX Panel Discussion, a panel of women executives who will share their experiences and strategies for achieving success, as… Continue Reading WX Panel Discussion and Distinguished Speaker Series: Fulcrum Hospitality Chief Operating Officer Cheryl Boyer
From January 18-21, 2017, the Baker Program in Real Estate Class of 2018 visited Dallas, Texas to participate in their domestic inter-session trek. Their first full day in Dallas began with a brief morning walk through downtown towards Mercantile Place. On the way, the students passed the iconic Dallas eyeball; it would be interesting to… Continue Reading Dallas, Texas: Day Two, Morning
Jeff DiModica, President of Starwood Property Trust, visited the Baker Program in Real Estate last week as the next key industry leader offering students and faculty insights by way of the Distinguished Speaker Series. During his time at Starwood Property Trust both as President and a director, DiModica has overseen the expansion of the company… Continue Reading Jeff DiModica: Strategy Behind Starwood Property Trust and Expectations for Starwood in the New Administration