Apartment hotel

It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.

Extended-stay hotels typically have self-serve laundry facilities and offer discounts for extended stays, beginning at 5 or 7 days.

The kitchens include at a minimum usually: a sink, a refrigerator (usually full size), a microwave oven, and a stovetop.

The Residence Inn chain was launched in 1975 in Wichita, Kansas by Jack DeBoer, and acquired by Marriott Corporation in 1987.

The chain provides a kitchen area in its rooms, and allows pets, and operates in 18 U.S. states and Canada.

[7] SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $450 to $705 per month.

The hotels were once a ubiquitous feature of densely-populated urban centers, filling a crucial niche as flexible, inexpensive housing with bare-minimum amenities.

Housing regulations mandating higher standards of amenities, such as requiring off-street parking, or private kitchens and/or bathrooms in each unit, have rendered the construction of conventional SRO hotels illegal in many cities.

That existing hotels are substandard under such regulations has been often used as justification for their demolition, often as part of Urban renewal programs.

[11] The term refers to the fact that the tenant rents a single room, as opposed to a full flat (apartment).