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Hotel
A
hotel is an establishment that provides lodging and sometimes meals,
entertainment and various personal services for the public. RCA breaks hotels
into the following subtypes:
Limited Service: A hotel is likely to be classified as
limited service if it satisfies these conditions:
- Does not have room service
- Does not have an on-site restaurant
- Does
not have a concierge
Full Service: A hotel is likely to be classified as
full service if it satisfies these conditions:
- Has room service
- Has onsite
restaurant
Boutique:
A
hotel is likely to be classified as Boutique if the following are true:
- Located in an urban or resort
location
- Has full-service amenities
- Is not part of a national chain
such as a Hilton
- Is
smaller scale (fewer than ~200 rooms)
Casino:
A
hotel is likely to be classified as Casino if the following are true:
- Most casinos are full service;
however, a few limited-service casinos
exist.
- A hotel should have a casino
subtype if it has a gaming component (e.g., video poker, slot machines,
table games, sports betting).
- The
Casino feature supersedes all other features. Thus if it is a casino and a
resort, then the casino subtype is used because it has a greater impact on
the value of the property.
Extended
Stay: Extended
Stay properties are always limited service.
- A hotel is likely to be
classified as extended stay if it satisfies these conditions:
- Has fully equipped kitchens in
the guest rooms
- Larger rooms suitable for long
stays
- Is
one of the franchises on the extended stay list
Resort:
A
hotel is likely to be classified as Resort if the following are true:
- The property is full service
- The property has a large amount
of land
- The property is situated in a
typical “resort” location such as Hawaii, Orlando, or on a beach.
- The
property has an attached golf course, water park, or amusement facility.
Suite: Offers more
space and furniture than a basic hotel room
Hotels of any kind must include at least 10 units for inclusion in
the RCA database.
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This site and the reports herein represent the most comprehensive data set of investment activity compiled for the commercial real estate industry. While no information in this highly fragmented market is perfect or all encompassing, Real Capital Analytics (RCA) has established rigid data collection and classification methodology including sourcing requirements and procedures to ensure information is accurate and timely.
RCA has attempted to conform wherever possible to the proposed standards and definitions of the Data Consortium (sponsored by NCREIF, PREA, NAREIM) and the Appraisal Institute. Any known deviations from these standards are noted.