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Differences in Hotel Asset Classes
1.
2. As founder of Pinnacle Hotels USA, Bharat Lall,
MD, has overseen the expansion of the
company's portfolio from limited-service hotels
to branded, full-service chains. Dr. Bharat Lall
currently provides executive direction to
properties that include La Quinta and Days Inn
as well as Marriott and Doubletree hotels.
In the hotel industry, the terms “full service” and
“limited service” refer to the level of amenities
available to guests. Limited-service hotels cater
to the budget traveler and, as a result, offer
more basic rooms and fewer on-site features.
3. The term once referred to a hotel without
a banquet facility or restaurant, and to
this day, the food and beverage services
at these institutions are basic or absent.
However, the competitiveness of the
industry has led many limited-service
hotels to offer such amenities as a pool,
fitness room, or business center.
4. Full-service hotels, by contrast, target the
special events and corporate meetings
market as well as the needs of the upscale
traveler. These hotels typically include
banquet space as well as on-site
restaurants, concierge staff, and other
luxury services. The rooms themselves are
likely to include more premium features,
while the overall level of staff attentiveness
tends to be higher in full-service hotels as
well.