How Much Does It Cost To Build Hotel?

There is an huge range of costs per square foot for hotel construction. This is because different types of hotels include different amenities, areas, and materials. Hotels built in urban areas normally have a higher cost per square foot than hotels built in more rural or urban areas. For this reason, there is a hotel construction cost per square foot range of $140 to $600.

Cost to Build a Motel per Square Foot

The costs to make a motel ranges from $140 to $260 a square foot, depending on the state you are erecting in. Motels are constructed for much less money than bigger hotels. They tend to be 2 – 3 stories, have amenities, and have few common areas. Motel rooms are cheaper to rent, making them the perfect choice for someone going on a road trip or who does not watch about property amenities.

Cost to Build a 3-Star Hotel per Square Foot

Building a 3-star hotel costs between $200 to $400 a square foot, relying at the area. They have lobbies, communal areas, and restaurants. They may also have gyms and swimming pools as well, although not all include these features. They regularly do now no longer have as many services as other hotels, and the materials are generally wellknown grade.

Cost to Build a 4-Star Hotel per Square Foot

Depending on the location, costructing a 4-star hotel usually costs between $280 and $450 a square foot. Four-star hotels usually include more services and better materials than a 3-star. They frequently have gym service and entertainment areas, spas, multiple restaurant .

Cost to Build a 5-Star Hotel per Square Foot

Five-star hotels are luxurious buildings that consist of unique and high-end services for his or her guests. This increases the cost to build per square foot to between $350 and $600, relying at the area. They consists of many services, high-cease gyms, swimminng pools, spas, and restaurants. They also have more communal areas, shopping, and different amenities.

Hotel Construction Cost per Room

While square footage is a popular way to break down the development costs, many accommodations also are priced per room. This makes an easier determination of the project’s total cost by projecting the number of occupants, rather than the overall space. Like square footage, the cost to build a hotel per room varies on the type of hotel, even though the place is crucial too.

Costs of Building a Motel per Room

The average cost per room to build a motel is around $77,000. Motels don’t generally have many amenities, and therefore the rooms are entered from outdoors, eliminating shared indoor areas. This means that if the motel has the same range of rooms as a better hotel, its construction costs are lower.

Costs of Building a 3-Star Hotel per Room

The cost to construct a 3-star hotel per room is of $225,000. 3-star hotels could have amenities and options for guests; however, these are optional and vary by hotel. This is considered a standard-quality hotel with good quality but not luxurious features. There may be services like gyms and restaurants but not always.

Cost of Building a 4-Star Hotel per Room

The cost to construct a 4-star hotel per room is $350,200 on average. In a 4-star hotel, many of the features that were considered optional for a 3-star hotel are currently standard. This includes restaurants, gyms, swimming pools, spas, and communal areas. The materials used are typically of higher quality as well.

Cost of Building a 5-Star Hotel per Room

5-star hotels have an average cost to build per room of around $700,000. They need several of a similar features as a 4-star hotel, however they will have a lot of them or better quality. In addition, 5-star hotels often include additional services for his or her guests than a 4-star hotel may. The rooms are usually much larger, therefore the hotel may have fewer rooms within the same sq. footage.

Specialty Hotel Construction Costs

In addition to normal motels and hotels, several hotels also cater to particular needs or other different purposes. Some of those fall in with the “luxurious” line of 5-star hotels, however others have their particular charges:

Average Price to Build a Guest House

With Airbnb and the fashion of catering closer to travel, guest houses are becoming a more common phenomenon. For the common backyard guest house, charges start at $150 per square foot. For a luxurious guest house meant for more people, charges go as high as $550 a sq. foot. A guest house is something from a small house located on your property for friends and family to a bed-and-breakfast style inn with boutique services. Because of this, they may be a extensive variety of associated costs.

Cost to Build a Boutique Hotel

Boutique have a complete variety of capabilities of costs from $200 to $580 a sq. foot, relying at the place and capabilities included. These hotels have a tendency to be smaller than most hotels, and they are designed to cater to guests in very particular ways. Someone can also additionally prefer to live at a boutique hotel because of a theme or a specific amenity which you cannot discover elsewhere, such as a hotel that caters to pets.

Cost to Build a Casino

The cost to construct a casino ranges between $350 and $600 per sq. foot, relying on the area. Casinos are considered luxurious hotels and resorts in maximum areas. The concept is to inspire guests to spend money so that the business profits. To this end, the casino’s hotel portion is generally 5 stars, with many capabilities and services and several restaurants and types of entertainment.

Cost to Build a Resort

Resorts are normally taken into considered a vacation stay. Depending at the place , they cost between $450 and $800 per sq. foot to build. Resorts normally provide rest and activity to its visitors, making them a place where people take a vacation. For this reason, they are usually classified as luxurious or boutique and are commonly 5-star facilities with many services and capabilities included.

Hotel Construction Cost Breakdown

Every hotel is special in size, scale, range of rooms, land, and construction material. For this reason, your actual costs and possibilities vary. However, it’s far feasible to interrupt down the various elements of constructing the hotel into possibilities and categories that you can use to determine where your budget is going for this venture:

Land Costs

Land costs are generally included in the total cost to build. This consists of the acquisition of land and any work that must be done earlier than development. This may include any existing buildings and their rework or tear down as well. Generally, land costs are 16% of the total venture cost.

Hard Costs

Hard costs are construction-associated expenses. These may also encompass constructing or refurbishing an present constructing . This consists both the material and the labor needed to construct and finish the site. Hard costs encompass the finish materials, including floors and drywall, and basic construction materials like concrete and steel. Because this group includes a range of materials and encompasses both new builds and refurbishment of existing properties, the cost is 60.

Soft Costs

Soft costs are non-construction-primarily based totally fees. This consists of the architect and indoor designer fees, draftsman, structural engineers, and different such things as maintenance, insurance, permits, taxes, and other related costs to the building that are not a specific material or visible in the finished build. Soft costs average out to around 12% of your total budget.

Furniture, Fixtures, and Equipment

Your hotel isn’t entire until it is furnished and ready for operation. So, in further to the hard costs of constructing, you furthermore might want to furnishings and fixtures, such as beds, tables, reception desks, restaurant and kitchen equipment, lights, sinks, plumbing, and furnishings like sheets, pillows, and towels that all hotels need to function. This part of your budget should be around 9% of the total costs.

Opening Expenses

Also included in the total budget should be everything you need to open and run the hotel. This consists inventory, supplies, marketing, staffing, and technical offerings like utilities. This is an cirtical part of the total budget and should not be overlooked. It generally runs to around 3% of the total project costs.

Process To Get Hotel Construction Cost Estimate Report

Here I am going to share some steps to get your hotel construction cost estimate report.

You need to send your plan to us.

You can send us your plan on info@estimatorflorida.com
You receive a quote for your project.

Before starting your project, we send you a quote for your service. That quote will have detailed information about your project. Here you will get information about the size, difficulty, complexity and bid date when determining pricing.
Get Estimate Report

We do hotel construction cost estimating and prepare a detailed report for your project. At last you finalize the report and finish the project.