The emergence of hotel/lodging real estate research

Research related to the real estate aspects of hotels and other lodging forms is an understudied but emerging area of academic study. Real estate education and research in most collegiate real estate programs historically have focused on the traditional forms of real estate (i.e., office buildings, retail centers, industrial buildings, apartment complexes, and other housing forms); rarely is the study of hotels and other lodging forms addressed. Nevertheless, hotels and other lodging properties (e.g., motels) constitute a major, albeit specialized, real estate property type that is under researched in most university real estate programs. In this paper, we provide a more comprehensive perspective from which real estate faculty may think about hotel/lodging real estate.