Hotel and motel investment is a specialized part of the commercial real estate world. But what are the tricks of the trade? Find out what you need to know about management, security, brokerage, and appraisal in the Hotel/Motel Properties real estate topic page.


NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.

Investing in Hotels & M​otels

Portland Motels Are Surviving with Contracts to Shelter the Houseless Each Night (Willamete Weekly, Dec. 2, 2020)

The Hotel Industry May Not Recover Until 2023 (CNN Business, Nov. 9, 2020)

Can Leisure and Work-from-Home Demand Stimulate Extended Stay-Hotel Growth Beyond COVID-19? (Hospitatily Net, Nov. 5, 2020)

Luxury Hotels are Launching “Workation” Packages to Lure in Travelers Who Can Work Remotely. We Checked Out 3 Hotels in LA to See How Their Amenities Stack Up – Here’s What We Found (Business Insider, Sep. 15, 2020)

Staycationers are Saving Hotels and Airbnb from Covid-19 (The Economist, Aug. 31, 2020)

How Hotel Companies are Surviving the Coronavirus (The Wall Street Journal, Aug. 13, 2020)

After Tumble in Global Hotel Sales, Rebound Uncertain Amid Coronavirus (Globe St., Jul. 7, 2020)

U.S. Hotels Occupancy Back Above 40% as “Drive-To” Sites Recover: STR (The New York Times, Jun. 18, 2020)

Coronavirus Rocks the Luxury Hotel Industry (Barron’s, Mar. 26, 2020)

Hotel/Motel Ma​nagement

One Way to Avoid Other Guests? Book the Entire Hotel (The New York Times, Dec. 30, 2020)

Empty Hotels are Being Reimagined as Tiny Apartments (REALTOR® Magazine, Dec. 22, 2020)

Marriot CEO Wants Workers Back in Offices – and Traveling for Business (The Real Deal, Nov. 9, 2020)

Marriot Hotels are Now Positioning Themselves as Offices to Attract Guests (The Motley Fool, Nov. 9, 2020)

Filling Rooms and Driving Revenue: How Milwaukee Hotels are Trying to Survive the Pandemic (Milwaukee Business Journal, Oct. 23, 2020)

Misinformation, Opposition Dog City’s Plan to Convert Two Hotels Into Housing (The San Diego Union-Tribune, Oct. 11, 2020)

Hotels are Betting on Staycations to Survive COVID-19 (Pittsburgh Post-Gazette, Jun. 13, 2020)

Bye-bye Buffets. Hello Plexiglass: How Coronavirus is Changing Hotels (The Los Angeles Times, Jun. 10, 2020)

Essential Requirements to Reopen Your Hotel When the Pandemic Ends (HospitalityNet, Apr. 24, 2020)

10 Tips People New to Hotel and Commercial Property Ownership Need to Know (Forbes, Apr. 26, 2019)

Safety & Security I​ssues

Need to Stay at a Hotel? Try These Pandemic Tactics (Los Angeles Times, Nov. 13, 2020)

In Light of Coronavirus, Motels Are Having a Moment (Austin360, Aug. 5, 2020)

More Hotels Looking into Issuing Panic Buttons to Workers as a Security Measure (Star Tribune, Jul. 2, 2019)

Security Systems of Major Hotel Chains Exposed by Huge Data Breach (Forbes, Mar. 31, 2019)

Guests want Smart Technology, but Security Concerns Remain (Hotel Management, Nov. 27, 2019)

How Safe is Your Hotel? (Hotelier, Jan, 23, 2018)

Appraisal Consid​erations

Here’s Why Alternative Lodging Valuations are Skyrocketing (Hotel Tech Report, Aug. 4, 2019)

Five Commercial Real Estate Valuation. Methods (First Republic, Jun. 13, 2019)

5 Gotchas in Evaluating Commercial Real Estate Investments (Realty Mogul, May 27, 2019)

The Art and Science of Hotel Valuation (Hotelier, May 8, 2019)

The Basics of Hotel Valuation (Stonehill, Apr. 10, 2019)

eBooks & Other Resources


The following eBooks and digital audiobooks are available to NAR members:

Chocolates on the pillow aren't enough: reinventing the customer experience (eBook)

Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery (eBook)

Growth Strategies for Hotels (eBook)

Hotel Success Handbook (eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

2019 Hotel Management Survey (Hotel Management, 2019) E

2019 Hotel Management Survey Top Design Firms (Hotel Management, 2019) E

Commercial Real Estate Quarterly Market Survey (National Association of REALTORS®)

—See this report for quarterly cap and vacancy rates for hotel properties.

Resort Development (Chicago: Urban Land Institute, 2008) NAC 1800 Ur1rd1

Climbing the Real Estate Risk Spectrum (Chicago: Real Estate Research Corp., 2007) HD 1375 R22c

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