Denise is right...There is a monthly rate that is calculated per property. Remember, depending on the chain, many properties are franchised and corporate cannot dictate rates. Marriott, for example is 50% franchised and the chain cannot dictate rates for these properties. Hence, these properties define their own rate structures. Then, there is seasonality and occupancy..if low, these are called distressed properties. For example, you may be able to get a fantastic rate in Chicago at a 4 Seasons in January. It is not a science, but an art form. Hotels rates are increasing at 10-14% in major cities and this is predicted to occur within the next few years. Even major companies are having trouble getting good deals. It is worth keeping your eye on the rates and constantly looking for best rates. If only we could be Denise and not have to worry or deal with this.