Motels are commercial real estate properties which cater to business and recreational travelers requiring varying degrees of amenities and occupancy duration. They are designed to satisfy the demands of specific niches within the hospitality industry that are looking for a less expensive alternative to a hotel, flexible short or long term occupancy options, direct access to parking lot, etc. This property type's profitability is intricately tied to its lodging component which determines its viability as a commercial real estate asset class. There are lenders interested in this commercial real estate property type and provide funding for purchasing, refinancing and new construction with attractive rates and terms.