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1.
1. A person that used to be hot until time took its toll on them. Just the same as toast you receive from room service.

2.Women who are hotel toast will often become cougars in later life.
Person 1: Did you see that cougar, Janice Dickinson on 'I'm a Celebrity' last night?

Person 2: Dude! I saw some old pictures of her on the tinterweb, that woman is hotel toast!
by Shelley & Matt November 21, 2007
 
2.
hotel toast - someone who used to be hot... but isn't now.
he used to be really hot... but now he's hotel toast

by peggy the pirate December 10, 2007