What is the meaning of residential hotel?

A residential hotel, also known as a serviced apartment, extended-stay hotel, or corporate housing, is a type of furnished apartment that is rented out on a long-term basis (usually for a month or more) and provides hotel-like services such as housekeeping, front desk, and concierge services. Residential hotels are similar to apartments but are typically smaller, have more amenities, and are more expensive. They are often used by business travelers, students, and tourists who need a place to stay for an extended period of time.