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1. homeguide.com › costs › cost-to-build-a-hotelHow much does it cost to build a hotel? - HomeGuide

   homeguide.com › costs › cost-to-build-a-hotel

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   Jan 4, 2024 · Cost to build a hotel. The average cost to build a hotel is $ 130 to $550 per square foot, depending on the room size, material quality, and location. Hotel construction costs are $50,000 to $800,000 per room or $13 to $32 million total. Building a luxury five-star resort costs much more than a small economy motel.

2. www.littlehotelier.com › blog › running-yourWhat is the average cost to build a hotel? - Little Hotelier

   www.littlehotelier.com › blog › running-your

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   May 20, 2024 · We can approximate average costs of building a hotel, which can range anywhere from roughly $7m for a low budget motel all the way up to $60m or more for a luxury 5-star hotel or resort.

3. www.crexi.com › properties › OHHotels, Motels, Restaurants & Hospitality for Sale in Ohio ...

   www.crexi.com › properties › OH

   Search hospitality for sale in Ohio and explore 80 hotels and motels for sale on Crexi’s marketplace. Currently, there are 1,960,833 square feet of hospitality property in Ohio , averaging $2,875,142 and representing $192,634,497 in total value.The average price per square foot for hospitality property in Ohio is $155 with a median cap rate ...

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4. www.rsmeans.com › model-pages › motel-2-3-storyMotel, 2-3 Story - Commercial Construction Costs ... - RSMeans

   www.rsmeans.com › model-pages › motel-2-3-story

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   Try Free For 30 Days. Motel, 2-3 Story Construction Cost Assumptions. Location: US National Average. Story Count: 3. Story Height (L.F.): 9. Floor Area (S.F.): 49,000. Basement Included: No. Data Release: Year 2019. Motel, 2-3 Story with Brick Veneer / Wood Frame. Other Square Foot Model Building Type Options:

5. www.projectionhub.com › post › hotel-constructionHotel Construction Cost - Ultimate Guide - ProjectionHub

   www.projectionhub.com › post › hotel-construction

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   Sep 29, 2023 · Construction Costs: Building a new hotel from scratch includes costs for land acquisition, architectural design, construction, interior fit-out, and landscaping. Renovation Needs: Buying an existing hotel that needs refurbishment can add to the overall cost.

6. www.hvs.com › article › 8910-us-hotel-developmentU.S. Hotel Development Cost Survey 2020 - HVS

   www.hvs.com › article › 8910-us-hotel-development

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   Oct 14, 2020 · The cost to develop full-service hotels was $140,000 higher per room than select-service hotels, with a median cost of nearly $350,000 per room. Lastly, the median cost to develop luxury hotels was recorded at $675,000 per room.

7. People also ask

   How much does it cost to build a hotel?

   • Three-star hotels cost $190 to $380 per square foot to build and are what many people consider standard hotels. These hotels have lobbies and one or two restaurants. They may or may not have gyms and pools but generally have fewer amenities and use standard-grade materials. Building an economy hotel or motel costs $130 to $230 per square foot.

   How much does it cost to build a hotel? - HomeGuide

   homeguide.com/costs/cost-to-build-a-hotel

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   How much does it cost to build a motel?

   • It can range from $160 to $240 per square foot depending on size and location. Motels are usually no more than 3 stories and tend to provide the basics, so not many amenities or common areas are offered, meaning construction costs are lower.

   What is the average cost to build a hotel? - Little Hotelier

   www.littlehotelier.com/blog/running-your-property/how-much-does-it-cost-to-build-a-hotel/

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   How much does it cost to build a boutique hotel?

   • A boutique hotel costs $190 to $550 per square foot to build, depending on the size and number of features. Boutique hotels are smaller than most hotels and often have a special theme, design, or amenity that guests can’t easily find elsewhere. Building a casino costs $300 to $550 per square foot, depending on the area.

   How much does it cost to build a hotel? - HomeGuide

   homeguide.com/costs/cost-to-build-a-hotel

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   How much does it cost to build a 4 star hotel?

   • They have many amenities, including spas, gyms, pools, and restaurants. They also may have high-quality conference centers and shops. Building a four-star hotel costs $260 to $410 per square foot. They usually have a gym, spa, restaurants, and sometimes shopping and other services.

   How much does it cost to build a hotel? - HomeGuide

   homeguide.com/costs/cost-to-build-a-hotel

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   How much does it cost to build a 3-star hotel?

   • Cost of building a 3-star hotel tends to be a bit more reasonable as they are considered standard hotel establishments. While some provide some communal areas, gym and pool access, not all 3-star properties do and so average costs can range from $190 to $375 per square foot.

   What is the average cost to build a hotel? - Little Hotelier

   www.littlehotelier.com/blog/running-your-property/how-much-does-it-cost-to-build-a-hotel/

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   How much does a hotel cost per room?

   • Upscale Urban Hotels: $500,000 to $1,000,000 per room or even more, depending on the city and the specific location within the city. Luxury Hotels and Resorts: Over $1,000,000 per room, especially in prime locations with high-end amenities. It's essential to remember that these are very rough estimates.

   Hotel Construction Cost - Ultimate Guide - ProjectionHub

   www.projectionhub.com/post/hotel-construction-cost-ultimate-guide

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8. evstudio.com › construction-cost-per-square-footConstruction Cost per Square Foot for Hotels, Motels and ...

   evstudio.com › construction-cost-per-square-foot

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   Aug 14, 2010 · While amenities will be very specific to projects, on average, apartment buildings median cost are in the low $160’s per square foot with a range of $121 on the low end to $212 on the high end.