According to Cushman & Wakefield, the average cost of building a hotel ranges from $115,000 to $1.5 million per room. That takes hotels at every level from midscale to luxury, including boutique hotel projects.
This is a huge variance, and the price that’s accurate for your hotel largely depends on a few things:
- What type of experience you want to give to your guests.
- Where the hotel is.
- Design considerations desired to complement your brand.
You cannot refute the facts. Americans have transformed into “Eco-friendly” mavens with everything they do - including travel. So much so that they take the environment into consideration when booking a hotel.LEARN MORE
The hospitality industry is one of constant reform. From guest room design to amenities, the evolution of today’s hotel is in direct response to travelers’ demands. All of these changes leave many hoteliers asking themselves how they can manage the impacts, especially when it comes to pre-opening expenses and operational costs?LEARN MORE
Having the opportunity to travel - for work, leisure, or #bileisure - usually means staying at a hotel.LEARN MORE
Hoteliers must choose between an American furniture manufacturer and an overseas option during each new build or renovation project. It’s a decision that can’t be made lightly, as it affects both budget, and the quality guests expect.LEARN MORE
You’ve heard us talk about the different materials that can be used for hotel guestroom casegoods. We’ve also talked about the importance of choosing a material that makes sense for the climate where it will be housed.LEARN MORE