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The Cornell Center for Real Estate and Finance
June 2020 Newsletter

From the Director
These past few months have seen much disruption but also many examples of strength and support. Our physical contact with students ended and we transitioned to all remote instruction...Read more

SHA launches hospitality industry resource hub. The School of Hotel Administration has developed a collection of resources to equip all sectors of the hospitality industry with tools and guidance as its leaders continue to navigate the unprecedented impacts of the COVID-19 pandemic. Visit the hub to stay up to date.

How is COVID-19 affecting you and your organization?

Take our anonymous industry pulse survey below to let us know how you are navigating the impacts of COVID-19. Results will be shared on our website and used to produce webinar content that is most relevant to you.

Survey

The CREF Adivsory Board will meet on June 24th.

In response to the changing needs for safety brought on by COVID-19, we will host our first Virtual Board Meeting. Advisory Board members will be able to join in greater numbers to discuss the goals and direction of the Center for Real Estate Finance.

CREF Webinars

CREF and eCornell are in constant collaboration to bring you the most up to date information from Real Estate and Finance industry experts. Below are webinar recordings that are accessible to all.

April 22: Commercial Real Estate in the Wake of a Pandemic: How Borrowers and Lenders are Responding to COVID-19
This panel of owners/borrowers, lenders, and restructuring professionals discuss the myriad challenges to commercial real estate.

April 29: How Loan Restructuring Can Keep Hotels in Business: Navigating the COVID-19 Crisis
This one-hour online moderated session features a panel of hotel industry and commercial real estate experts who examine the various lending options available to hard-pressed hotel owners and operators.

May 4: Restarting the Hospitality Industry
As the industry plans for recovery, we need to understand and prepare for a new way of doing business. In this discussion, experts discuss how the hospitality industry, once restarted, can begin its recovery.

May 20: Hospitality Capital Markets: Front-Line Expert Perspectives on the Latest Trends, Challenges and Viable Solutions
A panel of commercial real estate experts answer questions and share their insights on how lenders and borrowers are adapting to the ever-changing landscape created by this unprecedented pandemic.

CREF Highlights

First Quarter 2020: Gird Your Loins
"A reading of our tea leaves suggests that both large and small hotels are expected to decline in price. This is report number 34 of the index series." - Crocker Liu, Professor in the Cornell Hotel School of Administration (SHA)

Liu foresees new business models as hospitality infuses retail shopping “The retail shopping–hospitality sector is the perfect laboratory to test new ideas about the interaction of people and space...Serving people better and giving them experiences they enjoy, that’s what hospitality is about.” - Peng Liu, Associate Professor, Cornell SHA

Placing third in the UBC Sauder International Real Estate Case Competition
Tori Weissman ’20 (Dyson) writes about her experience as part of the Cornell teamthat took third place in the UBC Sauder International Real Estate Case Competition.

Members of CREC travel to NYC to meet with Real Estate Industry Leaders
In the Fall of 2019, members of the Cornell Real Estate Club (CREC) travel to New York City for the Fall Real Estate Trek. This trip gives the group the opportunity to meet with professionals from the industry.

Spotlighting Advisory Board Members

Neil Luthra is a principal of Highgate, a premier real estate investment and hospitality management company. Read more about Neil here.

Dan Unger ’97 is Chief Development Officer for Tishman, responsible for overseeing the company’s development efforts. Read more about Dan here.

Lanhee Yung '97 is a Managing Director and heads Starwood Capital’s Fundraising and Investor Relations Group globally. Read more about Lanhee here.

CREF Featured Corporate Partners

For more information email
cref@cornell.edu

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