Can a property management company run a hotel?

This is not a good question. Just look at the business license. I don't believe that there is "hotel management" in the column of your business license, so I'll tell you clearly, no, the law will exempt you.

If you like, get a new business license, so as not to bother you with industry and commerce, taxation, sanitation and fire protection!

Your question is supplementary, and my answer is also supplementary: when applying for a business license, the business scope is stipulated in this way, and the business scope must be in the same industry before it can be written together. Hotel management and property management belong to the tertiary industry, but they belong to two industries, and the Industrial and Commercial Bureau will not approve your application. But you can still try, because there are more and more overlapping contents between the two industries, and maybe they will agree, if I am in charge of examination and approval.