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I know a bit about this from my experience working for Clifton Hotels in Bristol. We have 3 hotels and a guest house.
A Hotel must have meals available morning and evening whereas a guest house doesn't have to. Hotels offer a wide range of facilities and always have bars and restaurants. They must have a 24 hour reception.
A Guest House is not usually in someone's home and typically has 5+ rooms. It doesn't usually have a 24 hour reception although ours does.
A B&B is usually in someone's home and doesn't normally provide evening meals. Typically these are the smallest with fewer than 10 rooms.
Guest Accommodation is the lowest grade category.
An Inn is usually large with 50+ rooms, a 24 hour desk, but does not have to have a restaurant.
The AA website is a good place to find out more.
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