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Hotels and motels differ in layout and construction. Hotels can contain hundreds of rooms and several floors; they generally have staircases, elevators and internal corridors that lead to the rooms. Motels commonly have a one- or two-floor layout and guests access their rooms directly from the parking lot.
Some hotels, especially those in the luxury-accommodations realm, exhibit specific styles of architecture and design, such as the Waldorf Astoria of New York. Motels typically have a more utilitarian construction.
Hotels and Motels are a challenging property type because you don't just buy the business but you have the real estate attached. Both must be considered plus the furniture, fixtures, and equipment to arrive at a value.
Hotels and Motels (what is the difference?)