Exterior corridor

Definition

The motel layout where every room door opens directly to the parking lot.

Why It Matters

Layout is destiny in this trade: exterior-corridor properties are cheaper to buy and operate, harder to flag, and read as economy product to both guests and lenders, while interior-corridor buildings command better rates and brand options. Neither is wrong, but the layout decides which demand the property can chase, what a renovation can and cannot fix, and which exit buyers exist, so it belongs in the thesis, not the footnotes.