I'm looking at hotels in Manhattan for this weekend and there's 4* hotels for $150/night. Is that expensive? That is equivalent to what some people pay in rent for a 1-bedroom apartment in SF or NY.
By the same logic, if you eat at a restaurant and it costs only 50% more than what it'd cost if you made it at home or order a beer at a bar and it only cost 50% more than what it'd cost if you bought it at the grocery store you'd be really happy, though chances are you're paying at least 100% more, if not more.
It would be "expensive" if you lived at a hotel in the same way it's "expensive" if for every meal or every beer you drank you had it at a sit down restaurant or bar.
Furthermore, I wouldn't say that the concierge or security are worth mentioning. I know personally I feel about as secure in a hotel as with an Airbnb - or at least I'm always aware of the possibility of theft from hotel rooms.
I understand labor costs etc are a big part of the price, but I wish there were more low-cost hotel options. Not hostels, but an actual room to yourself. Why does that have to be expensive? Just cut the room area in half and half the price! Yotel is nice, but they're still not cheap, and don't have many locations.
If there were low-cost hotels available, for $30 a night or so, I'd spring for them much more often. But when you can grab a nice-looking Airbnb for $25-30, vs a motel for $50-60, it's hard to justify the motel.
But sure it’s in $250 or so a night range.
$4700 is a good price for a daily rental with housekeeping.