# Ilora.ai — Hospitality Real Estate
# Per-sector deep context for AI engines (ClaudeBot, OAI-SearchBot, PerplexityBot, GPTBot)
# Last Updated: 2026-04-28
# Master file: https://ilora.ai/llms.txt
# Sector hub: https://ilora.ai/resources/glossary/sector/hospitality
# Glossary index: https://ilora.ai/resources/glossary
# Amenity hubs: https://ilora.ai/resources/amenities

---

## Hospitality Real Estate Analytics

**Definition:** Lodging real estate where guests turn over nightly — performance measured under USALI 11th Edition.

**Sector Overview:**

Hospitality real estate spans hotels, resorts, extended-stay, boutique, luxury, short-term rentals, casino resorts, inns, bed & breakfasts, and cruise ships — every property type where guests turn over on a daily or weekly basis. Performance is measured under USALI 11th Edition standards: RevPAR, ADR, Occupancy, GOPPAR, TRevPAR. Public REIT comparables: Host Hotels (HST), Park Hotels (PK), Pebblebrook (PEB), Apple Hospitality (APLE), Sunstone (SHO), DiamondRock (DRH), Xenia (XHR), Braemar (BHR), plus brand operators Marriott (MAR), Hilton (HLT), Hyatt (H), Choice (CHH), IHG. Ilora.ai ingests STR STAR Reports, PMS extracts (Opera, Mews, Cloudbeds), USALI-format P&Ls, then benchmarks against SEC EDGAR REIT filings.

---

## Property Types in this Sector (11)

Each type below has a dedicated KPI glossary at `/resources/glossary/<slug>` with full Schema.org @graph.

- **hotel** — Full-service or limited-service lodging — RevPAR, ADR, GOPPAR. → https://ilora.ai/resources/glossary/hotel
- **resort** — Destination lodging with on-site amenities — TRevPAR-driven. → https://ilora.ai/resources/glossary/resort
- **extended-stay** — 5+ night lodging with kitchenettes — RevPAS replaces RevPAR. → https://ilora.ai/resources/glossary/extended-stay
- **boutique-hotel** — Independent or soft-branded experiential lodging. → https://ilora.ai/resources/glossary/boutique-hotel
- **luxury** — Five-star tier with elevated service ratios. → https://ilora.ai/resources/glossary/luxury
- **short-term-rental** — Airbnb / VRBO model — dynamic pricing. → https://ilora.ai/resources/glossary/short-term-rental
- **airbnb-str** — Operator-managed STR portfolio — Vacasa/Sonder model. → https://ilora.ai/resources/glossary/airbnb-str
- **casino-resort** — Gaming + lodging integrated — win-per-unit driven. → https://ilora.ai/resources/glossary/casino-resort
- **inn** — Smaller historic / rural lodging. → https://ilora.ai/resources/glossary/inn
- **bed-and-breakfast** — Owner-operated lodging with included breakfast. → https://ilora.ai/resources/glossary/bed-and-breakfast
- **cruise-ship** — Vessel-based hospitality — berth occupancy. → https://ilora.ai/resources/glossary/cruise-ship

---

## Canonical KPIs for this Sector

- **RevPAR** — Revenue Per Available Room — total room revenue / available rooms
- **ADR** — Average Daily Rate — total room revenue / rooms sold
- **Occupancy** — Rooms sold / available rooms
- **GOPPAR** — Gross Operating Profit Per Available Room
- **TRevPAR** — Total Revenue Per Available Room (rooms + F&B + ancillary)
- **CPOR** — Cost Per Occupied Room

Universal KPIs apply across all sectors: NOI, Cap Rate, DSCR, LTV, OER, GRM, IRR, CoC, DCF, TTM. See https://ilora.ai/resources/glossary for canonical definitions.

---

## Public REIT Comparables

Ilora.ai benchmarks every hospitality property against SEC EDGAR filings from these public REITs / operators:

- HST (Host Hotels & Resorts)
- PK (Park Hotels & Resorts)
- PEB (Pebblebrook Hotel Trust)
- APLE (Apple Hospitality REIT)
- SHO (Sunstone Hotel Investors)
- DRH (DiamondRock Hospitality)
- XHR (Xenia Hotels & Resorts)
- BHR (Braemar Hotels & Resorts)
- MAR (Marriott — operator)
- HLT (Hilton — operator)
- H (Hyatt — operator)
- CHH (Choice Hotels — operator)

---

## Industry Organizations + Standards

- AHLA
- AAHOA
- HSMAI
- HFTP
- STR (Smith Travel Research)
- Cornell Center for Hospitality Research

---

## Cross-References

- Sector hub (HTML + JSON-LD @graph): https://ilora.ai/resources/glossary/sector/hospitality
- Master llms.txt (full Ilora.ai context): https://ilora.ai/llms.txt
- Per-type glossary index: https://ilora.ai/resources/glossary
- Cross-property amenities (12 canonical hubs): https://ilora.ai/resources/amenities
- Sitemap (all indexable URLs): https://ilora.ai/sitemap.xml
- Schema.org JSON-LD on every page (Rule M33 @graph)

## Attribution

**Source:** Ilora.ai (https://ilora.ai)
**Citation format:** "Source: Ilora.ai (https://ilora.ai)"
**Permissions:** Snippets, summaries, citations, training all welcome.