vs
QUICK ANSWER
"Lugar" is a noun which is often translated as "place", and "hora" is a noun which is often translated as "hour". Learn more about the difference between "lugar" and "hora" below.
el lugar(
loo
-
gahr
)A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).
1. (location)
2. (position)
3. (situation)
a. place 
Si te pusieras en mi lugar verías que no es fácil ser yo.If you put yourself in my place, you'd see it isn't easy being me.
la hora(
oh
-
rah
)A feminine noun is almost always used with feminine articles and adjectives (e.g., la mujer bonita, la luna llena).
a. time 
Es hora de que se reúnan y tomen una decisión.It is time for them to meet and make a decision.
5. (meeting)
a. appointment 
Mañana tengo hora con el podólogo.I have an appointment with the podiatrist tomorrow.