W. Edward Walter, CEO of Host Hotels & Resorts, to Join Georgetown McDonough Faculty
Edward Walter, CEO and president of Host Hotels & Resorts, Inc., the nation’s largest lodging real estate company, is appointed the Robert and Lauren Steers Chair in Real Estate and professor of practice at Georgetown University’s McDonough School of Business. As part of the Georgetown McDonough Real Estate Finance Initiative’s mission of providing an applied education through a private-sector oriented approach, Walter will use his wealth of experience to create and teach a new course for spring 2015 titled Real Estate Public Equity while continuing as CEO of Host Hotels and Resorts. Walter also will be charged with collaborating with Matthew Cypher, director of the Real Estate Finance Initiative, to establish the program as a top real estate program globally.
“Walter’s expertise will bring real estate theory to life for Georgetown McDonough students,” said Cypher. “This new course expands our curriculum and enhances students’ experience by providing training that integrates real-world applications with their coursework. Partnering with an individual of Ed’s caliber and reputation is a huge win for the Real Estate Finance Initiative and will accelerate our growth.”
This prestigious addition to the faculty aligns with the Real Estate Initiative’s applied learning focus, which capitalizes on global relationships in the private sector to engage students in practical experience. The initiative utilizes an agenda of curricular and co-curricular activities and maximizes the Washington, D.C. area’s position as a global real estate market.
Walter has served as president and chief executive officer of Bethesda-based Host Hotels & Resorts since October 2007. The company has a total enterprise value in excess of $20 billion. Host owns more than 130 luxury and upscale hotels in the United States and 16 other nations, with offices in London, Amsterdam and Singapore. Walter has been working in the real estate industry for nearly 35 years, serving in a leadership role at Host Hotels & Resorts for the last 14 years.
In addition to Walter’s new course, the initiative will launch two expanded courses in the spring 2015 semester. Ashesh Parikh, vice president of finance for The JBG Companies, will teach a class on real estate private debt, and Cypher will lead one on real estate private equity. The initiative tailors coursework to teach the “Four Quadrants” of the real estate capital markets – public, private, debt, and equity.
About the Georgetown McDonough Real Estate Finance Initiative
The Real Estate Finance Initiative seeks to elevate the role Georgetown McDonough plays in real estate finance by developing future business leaders interested in careers in real estate finance. In addition, the initiative aims to make Georgetown a forum for industry leaders to gather, discuss changing industry trends and share their knowledge. Learn more about Georgetown’s Real Estate Finance Initiative at http://realestate.msb.edu.
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business provides a transformational education through classroom and experiential learning, preparing students to graduate as principled leaders in service to business and society. Through numerous centers, initiatives and partnerships, Georgetown McDonough seeks to create a meaningful impact on business practice through both research and teaching. All academic programs provide a global perspective, woven through the undergraduate and graduate curriculum in a way that is unique to Washington, D.C. – the nexus of world business and policy – and to Georgetown University’s connections to global partner organizations and a worldwide alumni network. Founded in 1957, Georgetown McDonough is home to some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive degree and open enrollment programs. Learn more about Georgetown’s Real Estate Finance Initiative at msb.georgetowntown and follow on Twitter @msbgu.