A Budget Conscious REIT For A Budget Conscious Investor

10/23/17

By Brad Thomas, SeekingAlpha

Limited-service hotels usually have the lowest operating costs of the three hotel categories (full-service hotels, select-service hotels and limited-service hotels) due to their lack of extras. Room rates are typically lower, because these hotels cater to budget-conscious travelers.

Full-service hotels often need a larger staff and larger facilities to accommodate guests who require more luxurious amenities. In the U.S., no official rules exist as to what defines a limited-service hotel and what defines a full-service hotel; hotels can advertise however they'd like. The hospitality industry, however, generally agrees on the basics of both types of hotels.

A limited-service hotel's budget-friendly rooms are much more basic than their full-service counterparts, which means that limited-service hotels tend to appeal more to leisure travelers, as opposed to conference and business-type travelers.

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