elaine sahlins
Hospitality Focus on Construction Costs
The Author | May 27, 2016
By Elaine Sahlins The feasibility of a new hotel is driven by a number of factors, foremost among them – the availability of sites, the costs to build, the price and accessibility of financing, and the demand for hotel rooms at a rate point that supports all these and other elements. With several of these items falling into place in many markets across the U.S., hotel construction continues to accelerate. Cushman & Wakefield's Hospitality & Gaming practice provides consulting and valuation services for new and existing hotel properties across the country. In recent years, the majority of new hotel projects we have worked o...
Hotel Development Cost Survey 2014/15
Elaine Sahlins | February 3, 2015
by Elaine Sahlins HVS has tracked hotel construction costs throughout the United States since 1976. Each year, HVS researches development costs from our database of actual hotel construction budgets, industry reports, and uniform franchise offering circulars. These sources provide the basis for our range of component costs per room. This 2014/15 survey reports updated per-room hotel development costs through the end of 2014, and considers data for six lodging types: Economy/Budget Hotels, Midscale Hotels without Food and Beverage (w/o F&B), Extended-Stay Hotels, Midscale Hotels with Food and Beverage (w F&B), Full-Service ...
