Not the Bates' Motel!
Although Hotels are not included in the main four categories of commercial real property, they are an important sector and a bell weather for the economy's performance.
The hotel sector covers establishments providing accommodations, meals, and other services for travelers and tourists. The hotels may be independent (boutique) or flagged. The latter means that the hotel is part of a major chain, such as a Marriott or Sheraton.
- Limited-service: Does not have room service, on-site restaurant, or concierge. Think roadside motel.
- Full-service: Includes room service and has on-site restaurant. This is the type that most people are familiar with and their services have become the de-facto standard in the marketplace today.
- Boutique: Located in an urban or resort location, has full-service amenities, is not part of a national chain, and has fewer rooms.
- Casino: Examples are best seen in Las Vegas, but many states have major casino locations that cater to tourists and the local population. They often have similar services to Full-service locations but also have a gaming component, such as video poker or slot machines.
- Extended-stay: Limited-service with fully equipped kitchens in guest rooms and larger rooms for long stays. Often found located adjacent to research, commerce and business centers to accommodate business travelers and relocated, deployed employees.
- Resort: This hotel category has both full and limited service accommodations, they occupy large amounts of land, in a typical resort location (such as Hawaii or Orlando), and have attached golf course, water park, amusement facility and other recreation facilities.