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.


We've 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 a password.

Investing in Hotels & M​otels

Hotel Cost Estimating Guide 2018, (JN+A and HVS Design, 2018)

Home Stay or Hotel Room? Airbnb's Impact on Hotel Design, (Hotel Business Review, Aug. 19, 2018)

Hotel Investment Outlook 2018, (JLL, Jan. 2018)

U.S. Hotel Development Cost Survey 2016/17, (HVS Global Hospitality Report, Nov. 1, 2017) E

EB-5, a Once Little Known Program, is Becoming a Mainstream Source of Hotel Financing, (Hotel Executive, 2016)

What’s Behind the Dual-Brand Hotel Trend? (National Real Estate Investor, Feb. 8, 2016)

Six Proven Strategies for Investing in Your Hotel's Back of the House, (HVS, Apr. 13, 2015) E

Hotel and Commercial Real Estate Crowdfunding Sites Launched, (Opp.Today, May 5, 2015)

Lifestyle Hotels: The Emergence of a New Creative Class, (HVS, Apr. 15, 2015)

Hotel/Motel Ma​nagement

How does hotel design contribute to property performance?, (International Journal of Contemporary Hospitality Management, 2018) E

Factors Driving Hotel Wellness, Asset management and revenue, (HVS Global Hospitality Report, Apr. 16, 2018) E

Top 6 Hotel Success Factors, (HVS Global Hospitality Report, Aug. 28, 2017) E

The changing role of front desks in lobby design, (Hotel Management, May 13, 2016)

What Guests Really Think of Your Hotel: Text Analytics of Online Customer Reviews, (Cornell Center for Hospitality Research, Feb. 9, 2016)

Top Third-Party Management Companies, (Hotel Management, Dec. 2015) E

Case Study: Challenge the Middlemen? (Harvard Business Review, Dec. 2015) E

The Millennial Shift in Hotel Brands, (HVS, Dec. 2015) E

Is Instagram an Under-Utilized Platform in Hospitality? (Hotel Business, May 7, 2015)

Hints for Creating a Successful Hotel Marketing Plan, (Hospitalitynet, Apr. 30, 2015)

How to Set Up a Solid Preventive Maintenance Program, (Hotel Management, Apr. 21, 2015) E

Safety & Security I​ssues

Protecting Hotel Industry Businesses from Liability for Terror Attacks, (Real Estate Finance, Spring 2016) E

What the Erin Andrews case will mean for hotel security, (Hotel Management, Apr. 19, 2016)

Keeping security in check is vital for mobile POS usage, (Hotel Management, Mar. 24, 2016)

Hotel Wi-Fi Focus: Access & Security, (Hospitality Technology, May 8, 2015)

3 Questions for Hotel Cos. Buying Data Breach Coverage, (Law 360, Mar. 2, 2015)

Hotel Liability, (Hotel Management, Mar. 2015) E

Appraisal Consid​erations

Hospitality Directions US, (PwC, Jan. 2016)

A Brief Guide to Winning a Hotel Property Tax Appeal, (HVS, Apr. 23, 2015)

Due Diligence Procedures for Hotel Appraisals, (Hotel Business Review, 2015)

Two Ways to Identify True Property Value, (Hotel Business Review, 2015)

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.

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

Trends in the hotel industry, (San Francisco: PFK Consulting, 2002) TX 911 H79us

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The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.


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