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Select-service hotels, as the name suggests, offer the fundamentals of limited-service properties together with a selection of the services and amenities characteristic of full-service properties. Generally, this means certain restaurant and banquet facilities but on a less elaborate scale than one would find at full-service hotels.
- Operating Efficiencies
- Select F&B For Profits
- Development Decision
For hoteliers, a large part of the reason for the popularity of owning and operating select-service properties is the relative ease of operations. Without the extensive array of facilities, services, and amenities, select-service hotels have fewer departments to manage, and are more efficient to operate. In 2015, the properties in our select-servic...
It is generally accepted that limited-service hotels (no retail food and beverage outlets) are more profitable than full-services hotels. Within the overall lodging industry, this is true. According to the 2016 Trends® in the Hotel Industryreport, limited-service hotels in the U.S. achieved a 44.6 percent GOP margin in 2015, compared to 36.9 percen...
While select-service hotels are very efficient and profitable operations, the decision to develop a property requires additional information. In 2015 the gross operating profit PAR for our select-service sample was 40 percent less than the GOP for our overall Trends®survey sample because of lower average daily rates and lack of other revenue source...
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What is a select-service hotel?
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Why are select-service hotels so popular?
What is the difference between a full-service and a select-service hotel?
Jun 30, 2017 · It’s a focus on the guest segments we’re actually serving.”. Lance Miceli, EVP and chief marketing officer at G6 Hospitality, which owns and franchises Motel 6 and Studio 6 brands in the U.S ...
- Stephanie Ricca
Dec 5, 2022 · At CBRE Hotels Research we created a definition of select service that covers the range of characteristics associated with this segment. I rely on the definition to highlight innovations to lodging industry structure associated with cross classifications of property types, chain scales and short-term rentals (STR).
a hotel development of this type is executed from “cradle to grave.” Following a chronological task list which serves as an outline for the second section, the study examines the deal pursuit process, the pre-development phase, the typical financing strategies, and finally the pre-opening and operational stage of a select-service hotel
Full-service Hotel. At this type of hotel, you’ll find just about anything you might expect from your accommodations. That means it will offer a range of onsite amenities that probably include restaurants, exercise spaces, spas and meeting spaces. These hotels are generally luxury, upscale or upper upscale properties.
Select-Service Hotels: Full-Service Hotels: 37-39% 28-32% CONSTRUCTION COST AND TIME SAVINGS Select-service hotels are attractive investments given their lower development cost. According to HVS’ U.S. Hotel Development Cost Survey 2018-19, total cost to build ground-up select-service hotels average $290k per key, with a median of $196k per key.
