| Jan A. deRoos, on the faculty of the Hotel School
since 1988, has devoted his career to hospitality real estate; with
a focus on the development, financing, and operation of lodging
assets. He holds B.S., M.S., and Ph.D. degrees from Cornell
University, all with majors in Hotel Administration. Areas of
teaching expertise include hospitality real estate finance, lodging
property valuation, real estate management, hotel planning and
design, hotel development and construction, hotel renovations, hotel
engineering, renovation management, and hospitality industry
environmental (eco) management. A frequent speaker on these topics,
deRoos has recently contributed to lodging industry conferences in Singapore, Stockholm, Dallas, New York, and London.
Prior to his teaching career at Cornell, deRoos worked extensively in the
hospitality industry. Industry experience includes work for the Sheraton
Corporation in New York City, as Energy Manager and as Assistant Chief Engineer.
He worked for Remington Hotel Corporation as Director of Engineering,
responsible for the engineering operations and renovation planning of the 28
hotels owned and managed by the company, and as Senior Project Manager,
responsible for the construction of new properties and renovation of existing
hotels. During this period, deRoos was responsible for the construction of Marriott Hotels, Hilton Hotels, and Hampton Inns. deRoos' current research is focused on two themes; investment returns to lodging properties and supply/demand dynamics of lodging markets. He is one of the primary researchers responsible for producing the Lodging Property Index, a quarterly publication that reports the total returns to lodging property. The Lodging Property Index is a collaborative effort between the American Hotel and Motel Association (AH&MA), Cornell University, and the lodging industry. Recent publications include a comparison of Lodging Property Index returns to a shadow portfolio comprised of lodging REITs and an investigation of long run equilibrium vacancy rates (termed "natural" occupancy rates) in lodging markets. Works in progress include a study of price and income elasticity of lodging demand, and the process by which supply is added to lodging markets. Past research focusing on hotel transaction prices produced a price index for lodging properties, an examination of the ADR Rule-of-Thumb, and an analysis of whether different types of buyers and sellers transact at significantly different prices. Other past research focused on energy and water consumption in the hospitality industry. He participated in a collaborative effort with the AH&MA's Executive Engineer's Committee which determined water consumption patterns in hotels and summarized water conservation strategies for hotels. His master's thesis developed a strong statistically based tool to accurately determine the impact of energy conservation efforts in buildings. |
