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| Question: |
Apartment Hotel
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| Category: |
Glossary Of Real Estate Terms
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| Date Added: | June 10th Sunday, 2007 | ||
| Answer:
Apartment Hotel
Quote:
An Apartment Hotel (also ApartHotel, Apart Hotel and Apart-Hotel) is a type of accommodation, described as "a serviced apartment complex that uses a hotel style booking system". It is similar to renting an apartment, but with no fixed contracts and occupants can 'check-out' whenever they wish. Apartment hotels are flexible types of accommodation; instead of the rigid
format of a hotel room an apartment hotel complex usually offers a complete
fully fitted apartment. These complexes are usually custom built, and similar to
a hotel complex containing a varied amount of apartments. The length of stay in
these apartment hotels is very varied with anywhere from a few days to months or
even years. Prices tend to be cheaper than hotels. The people that stay in
apartment hotels use them as a home away from home, therefore they are usually
fitted with everything the average home would require.
Stop Quote: Apartment Hotel |
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