Chototel brand designed to break the low-cost mold | hotelnewsnow.com

Through construction and operational efficiencies, Chototel’s founder sees a future in ‘super budget’ hotels with ADRs of $2 to $5. A hotel vision that accommodates traditional guests for an average daily rate between $2 and $5 and also provides affordable housing is the mission of the minds behind Chototel.

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CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and...