The hospitality industry is a broad category of fields with the service industry. The hospitality industry is a multi-billion dollar industry that mostly depends on the availability of leisure time and disposable income. Hospitality operations vary in size, function and cost. Most hotels and major hospitality companies that operate hotels have set widely accepted industry… Read More
Hotel – Limited-Service, Select-Service & Full-Service
The hospitality industry is a broad category of fields with the service industry. The hospitality industry is a multi-billion dollar industry that mostly depends on the availability of leisure time and disposable income. Hospitality operations vary in size, function and cost. Most hotels and major hospitality companies that operate hotels have set widely accepted industry… Read More
Motel
A motel is a hotel design for motorists, and usually has a parking area for motor vehicles. Motels peaked in popularity in the 1960’s with rising care travel, only to decline in response to competition from the newer chain hotels which became commonplace at highway interchanges as traffic was bypassed into newly constructed freeways. Motels… Read More
Single-Room Occupancy
Single room occupancy (SRO or Singe Resident Occupancy) is a form of housing in which one or two people are housed in individual rooms (sometimes two rooms, or two rooms with a bathroom or half bathroom) within a multiple-tenant building. SRO tenants typically share bathrooms and/or kitchens, while some SRO rooms may include kitchenettes, bathrooms,… Read More
Extended Stay Facilities
Extended stay hotels are a type of lodging with features unavailable at standard hotels. These features are intended to provide more home-like amenities. There is substantial variation among extended stay hotels with respect to quality and the amenities available. Some of the economy chains attract clientele who use the hotels as semi-permanent lodging. Extended-stay hotels… Read More
Lodges/Inns
A lodge or inn is typically an establishment or building where travelers can seek lodging and usually, food and drink. It may feature a restaurant (possibly with a bar or tavern) to travelers. At Vanguard, we have dedicated commercial appraisers focused on commercial appraisal and valuation of all hotel property types, such as lodges and… Read More
Bed and Breakfast Inn
A bed and breakfast (of B&B) is a small lodging establishment that offers overnight accommodation and breakfast, bust usually does not offer other meals. Since the 1980’s, the meaning of the term has also extended to include accommodations that are also known as “self-catering” establishments. Typically, bed and breakfasts are private homes with fewer than… Read More
Resort Hotel
Resort hotels which contain full-sized luxury facilities with full-service accommodations and amenities. These hotels attract both business conferences and vacationing tourists and offer more than a convenient place to stay. These hotels as destination may be characterized by distinctive architecture, upscale lodgings, ballrooms, large conferences facilities, restaurants, and recreation activities such as golf or skiing…. Read More