Dr. Jack Corgel is a professor at the Cornell Hotel School faculty and served as the first Director of the Center for Hospitality Research from 1992-1994. Dr. Corgel also maintains a principle position with the PKF Hospitality Research where he is develops new products for the hotel industry based on property-level financial performance information.
After receiving undergraduate and Ph.D. (1979) Degrees from the University of Georgia in real estate and corporate finance, he taught at the University of Florida, Georgia State University, and the University of Connecticut. During the academic year 1985-1986, he was a visiting scholar at the Federal Home Loan Bank Board in Washington, DC. He is a Fellow of the Homer Hoyt Institute.
Dr. Corgel has published over 60 articles in academic and professional journals, mainly on the subjects of real estate finance, investment, valuation, and hospitality real estate. He has published in the most prestigious journals in real estate (Real Estate Economics), urban economics (Journal of Urban Economics), insurance (Journal of Risk and Insurance), business law (Journal of the American Business Law Association), and Hospitality Management (Cornell HRA Quarterly and International Journal of Hospitality Management). In addition, he has written for nearly every national journal read by real estate professionals. His textbook, Real Estate Perspectives (with Smith and Ling) is in its fourth edition and is used throughout the nation for introductory real estate courses.
Dr. Corgel has consulted with hotel companies, pension funds, and investment banks on real estate finance, investment, and valuation problems. He often assists clients in legal disputes involving real estate. Other work includes participation at professional seminars, such as the Advanced Management Program and Professional Development Program sponsored by the Cornell Hotel School.
During the past few years while at PKF-HR, Dr. Corgel helped create Benchmarker service, which gives customers the ability to generate reports on hotel profitability. Price Ranger, another new product developed by Dr. Corgel, provides a sales comparison analysis for hotel properties. He is currently working on an automated valuation model for hotels. Through a venture with Torto Wheaton Research, Dr. Corgel guided the development of an econometric forecasting model for the lodging sector.
His current academic research includes studies of real estate cycles, REIT markets, and hotel depreciation.