Select service hotels are one of today's most popular and successful hotel asset classes, attractive to investors, developers and property and asset managers, as well as guests. For more than a decade, they have accounted for more than 60 percent of planned builds in the hotel development pipeline. This strength is reflected in favorable construction windows, labor costs, flexibility in offerings of food and beverage services and other amenities, and gross operating profits. This article discusses factors for success in select service today and some of its development challenges and opportunities. READ MORE



