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René-Ojas Woltering

Dr René-Ojas Woltering

Dr René-Ojas Woltering

Associate Professor

Expertise

  • Investment strategies
  • Real estate investment vehicles
  • Real Estate Finance
  • Hotel valuation

Biography

René-Ojas Woltering, PhD, is an Assistant Professor of Real Estate Finance at EHL. He holds a doctoral degree in Business Administration from the University of Regensburg. His research interests include real estate investment vehicles, investment strategies, and issues relevant to the hospitality industry.


His publications have appeared in scholarly journals such as the Journal of Banking and Finance, Real Estate Economics, and the Journal of Real Estate Finance and Economics. Dr. Woltering has gained valuable experience in the real asset management, investment management, and consulting industry. He is also awardee of several finance & investment competitions.

Awards

Rising Star Teaching Award (2019)

Education

PhD in Business Administation, University of Regensburg

Courses Taught

BACHELOR OF SCIENCE IN INTERNATIONAL HOSPITALITY MANAGEMENT
• Real Estate Finance
MASTER'S IN GLOBAL HOSPITALITY BUSINESS
• Hospitality real estate finance and investments
MASTER IN HOSPITALITY MANAGEMENT
• Financial and Banking Markets
MASTER IN HOSPITALITY MANAGEMENT • Financial Markets: Theory and AI Applications

Teaching Location

EHL Campus Lausanne

Journal publications

Yoong, K., Woltering, R. O., & Heo, C. Y. (2025). Revisiting Airbnb’s disruption of hotels: Uneven impacts across markets, segments, and accommodation types. International Journal of Hospitality Management, 126, 104073. https://doi.org/10.1016/j.ijhm.2024.104073

Schnejdar, S., Woltering, R.-O., Heinrich, M., & Sebastian, S. (2022). Fund Closure Risks of Open-End Real Estate Funds. Journal of Real Estate Research, 44(4), 447-472. https://doi.org/10.1080/08965803.2022.2033392

Schiller, A., Woltering, R.-O., Weis, C., & Sebastian, S. (2022). What determines the mean reversion speed of NAV spreads? Journal of Property Research, 39(4), 293-320. https://doi.org/10.1080/09599916.2022.2105251

Frömel, P., Wagner, D., Woltering, R.-O., Downs, D., & Sebastian, S. (2022). Strategic Transactions Around REIT Conversions. Journal of Real Estate Research, 44(4), 473-490. https://doi.org/10.1080/08965803.2022.2041264

Wagner D., Woltering, R.-O., Downs, D.H., & Sebastian, S. (2022). The REIT Conversion Puzzle. Journal of Real Estate Research, 44(3), 399-428. https://doi.org/10.1080/08965803.2022.2029280

Woltering, R. O., Downs, D. H., & Sebastian, S. (2021). Public versus private market arbitrage: international evidence for listed property companies. Journal of real estate research, 43(3), 355-381. https://doi.org/10.1080/08965803.2021.1985922

Weis, C., Woltering, R. O., & Sebastian, S. (2021). Which stocks are driven by which interest rates? evidence from listed real estate. Journal of property research, 38(3), 175-197. https://doi.org/10.1080/09599916.2021.1903531

Zhu, B., & Woltering, R.-O. (2021). Is fund performance driven by flows into connected funds? Spillover effects in the mutual fund industry. Journal of Economics and Finance, 45, 544-571. https://doi.org/10.1007/s12197-021-09539-7

Schnejdar, S., Heinrich, M., Woltering, R.-O., & Steffen, S. (2020). The Discount to NAV of Distressed Open-End Real Estate Funds. The Journal of Real Estate Finance and Economics, 61, 80-114. https://doi.org/10.1007/s11146-018-9694-8

Schiller, A., Woltering, R.-O., & Sebastian, S. (2020). Is the flow-performance relationship really convex? – The impact of data treatment and model specification. Journal of Economics and Finance, 44, 300-320. https://doi.org/10.1007/s12197-019-09489-1

Woltering, R.-O., Weis, C., Schindler, F., & Sebastian, S. (2018). Capturing the Value Premium - Global Evidence from a Fair Value-Based Investment Strategy. Journal of Banking & Finance, 86, 53-69. https://doi.org/10.1016/j.jbankfin.2017.06.009

Downs, D.H., Sebastian, S., & Woltering, R.-O. (2017). Real Estate Fund Openings and Cannibalization. Real Estate Economics, 45(4), 791-828. https://doi.org/10.1111/1540-6229.12144

Downs, D.H., Sebastian, S., Weistroffer, C., & Woltering, R.-O. (2016). Real Estate Fund Flows and the Flow-Performance Relationship. The Journal of Real Estate Finance and Economics, 52(4), 347-382. https://doi.org/10.1007/s11146-015-9539-7