The rooms are larger and well-furnished. Trump’s company has charged the Secret Service $650 per night for rooms … What does it cost in the United States and around the world to build a 2 or 3-star (middle-of-the-road) hotel? These events can include hurricanes and wildfires, that seem to be increasing in frequency and severity. A 3 star hotel in Portland, Oregon, on the other hand, cost an average of 270 U.S. dollars per square foot. To understand what it takes to build a hotel, it helps to break down the costs into standard components. You want to offer your guests a quality experience. However, in some ways, a hotel under construction might recover from a natural disaster faster than an existing hotel that needs major repairs. However, it is well below the peak rate of 10.6%. For more information on hard costs and soft costs, read our guide. These include costs for engineering and architecture services, permits, financing taxes, insurance, entitlement, LEED certification and so forth. Average cost per room is $318,200, so the average cost of a 4-star hotel is $31.82 million for a 100-room hotel. Typically, these hotels are located in downtown districts and oceanfront locations, although 5-star resorts can reside in suburban and rural areas. Hotel room supply forecast in the United Kingdom (UK) 2018-2019; Number of hotel businesses in the United Kingdom (UK) 2008-2018 ... Breakdown of hotel industry labor costs in … Let’s use a number of $400,000. Defining what constitutes the “average” hotel is problematic due to the large number of variables. Visit hotel website . Related Articles to How Much Does it Cost to Build a Hotel? Banquet HVAC costs. After a hurricane hits, materials such as roofing supplies, lumber and drywall are in top demand. Or, land may be available through inheritance or purchased long-ago. What are the Requirements for a Construction Loan? Rooms include a full bathroom and measure on average 13×25 feet. This is a fact of life in the hotel business. Guest room amenities. According to Bjorn Hanson, associate professor at New York University's Tisch Center for Hospitality, the cost of cleaning a high-end of luxury room is approximately $22 per day. Compass International gets asked this question a lot, so we have compiled a cost per square foot & square meter benchmark report on 25 U.S. and International locations. Commercial Construction Loans — 7 Tips for First-Time Borrowers, Ultimate Guide to Commercial Construction Companies, Hotel Loans:  5-Point Plan to Getting Approved, Hotels for Sale:  Complete Guide to Buying a Hotel, Buy a Hotel Franchise:  Ultimate Success Guide, Hotel Business Planning – 10 Keys to Surefire Success, How to Own a Hotel – 12 Tips for Explosive Success, Life of a Hotel:  Responsibilities, Benefits & More, Hotel Owner’s Salary:  Everything You Need to Know, Commercial Equipment Leasing – Guide + Financing from $10 Million, Industrial Equipment Financing – Guide + Leasing from $10 Million, Heavy Construction Equipment Financing – Leasing from $10 Million, Opportunity Zones – Ultimate Investor’s Guide (2020), Ultimate Guide to Aircraft Appraisers (Cost, Companies, Advice), 5 Best Apartment REITs + Comprehensive Reviews (2020), Multifamily Investing – 50 Expert Tips, Tricks and Hacks, How To Find Multifamily Properties – Ultimate Guide 2020, Multifamily Industry – 2020 Market Report (Trends, Outlook, News), FHA Multifamily – Step-By-Step Financing Guide, Freddie Mac Multifamily Loans – The Perfect Introduction, Fannie Mae Multifamily Loans – The Perfect Introduction, Agency Loans & Non-Agency MBS – Ultimate Guide, How Much Does it Cost to Build a Hospital? Home > How Much Does It Cost to Build a Hotel? As a full-service hotel, you would expect to find dining options including restaurants, bars, and 24-hr room service. This depends on the hotel classification (from midscale to luxury). Since Trump took office, he has visited his own properties on 342 days, always accompanied by Secret Service agents. Cost to build the average hotel varies greatly by region (and even by zip code). In conclusion, if you would like to obtain financing to build a hotel, you may also visit the suggested articles below. Amenities include meeting rooms, bar and restaurants. Cost of Building a 5-Star Hotel A 5-star hotel is a luxury property. Certainly, the worst case occurs when the hurricane’s path passes directly over the construction site. This cost per SQFT assumes unionized labor. This increase is the highest since 2010. Invalid Zip code Find yours. In doing so, you will be able to purchase P&L reports that includes a breakdown of these items on ratio-to-sales, per-available-room, and per-occupied-room night bases, for both your hotel and competition. How close is the impact area to the construction site? The construction cost per room averages $604,200, putting the cost of building a 100-room 5-star hotel at $60+ million. But one must also consider secondary effects, such as destruction occurring in areas where construction materials are made or shipped. For example, a limited-service hotel can range from a three-story wood-frame building to a Class A steel-frame high-rise in an urban setting. CPOR hotel calculation is: € 1.875 / 75 = €25. The average hotel per-room cost is more or less $115,000, with FF&E, including hotel furniture, being a key component. These events can include hurricanes and wildfires, that seem to be increasing in frequency and severity. These typically run about 2% to 4% of the project budget. So if the cost of running your hotel is equal to $10,000 every month, the profit you add on top will give you a total amount. On average, a US hotel uses 25 gallons of water per room, per day, for laundry. When asking “How much does it cost to build a hotel?”, one cannot neglect risks imposed by negative environmental events. Here are variable costs to consider: Labor. Attend to utilities. This is often one of the toughest elements to deal with when running a B&B. In 2018, this averages 14% for U.S. based hotel projects. As the hotel business continues to expand in response to the strong American economy, developers seek strategic opportunities to serve metropolitan and suburban areas. What percentage of construction materials have already been purchased? And of course, the cost to build a hotel will skyrocket if the construction site is hit by hurricane. Regardless of the large number of variables, average cost statistics are available. For a quick preliminary budget using the summary page only, you would use the guestroom softgoods renovation price for an Upper Upscale hotel in the cost range of between $7,271 and $9,498. The hotel floor area is 8,400m2 and utilises a proportion of MMC including bathroom pods and pre-cast structural concrete beams, slabs, crosswalls and external wall panels. Florida, Texas and Louisiana ports are always busy shipping, However, in some ways, a hotel under construction might recover from a natural disaster faster than an existing hotel that needs major repairs. At the same time, the spreadsheet provides a breakdown of information to identify where the housekeeping department is over- or underperforming financially. Of course, location is the key determinant for the cost of building a 4-star property. The per square foot price can vary based on factors like the cost of the architectural firm, the contractor, and such things as the price for land purchase, prep work, parking lot pavements, and all of those amenities mentioned. A 5-star hotel is a luxury property. It appeals to well-heeled travelers who have the highest expectations and the pocketbooks to match! While that figure may seem intimidating at the outset, once you have a clearer picture of how the costs should break down… But one must also consider secondary effects, such as destruction occurring in areas where construction materials are made or shipped. A 4-star hotel provides full services. Developers typically assign the land a value as a percentage of the total budget. This is especially true in the South or the wildfire season in the West. A2A. 1,690 reviews #27 Best Value in Japan that matches your filters The construction costs rise across the country, not just in the Southeast. Entitlement costs are higher in urban and environmentally sensitive settings. Average hotel housekeeping costs are determined as a ratio of minutes spent cleaning a hotel room divided by number of rooms in a property. For a quick preliminary budget using the summary page only, you would use the guestroom softgoods renovation price for an Upper Upscale hotel in the cost range of between $7,620 and $10,383. However, the variability is enormous. A survey of select-service hotels found that development costs were $221,000 per room. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Sometimes, soft costs include post-construction expenses, including security and maintenance. They do this by building hotels featuring the newest amenities, quality materials and the most cost-effective construction techniques. Kyoto Hotel Okura. These costs cover non-construction fees. A 3-star hotel is an average property offering select services. What is the current stage of construction? Similarly, Canadian and Californian, Related Articles on Construction Projects. Costs vary based on location and how the land was acquired. (5-star luxury hotel in an urban area with 100 rooms) Get Local Cost. | Assets America, PACE Financing – Everything You Need to Know, Ultimate Guide to Hotel Renovation (Costs, Companies, Tips), Wet Lease vs Dry Leases – Everything You Need to Know, How to Choose a Multifamily Realtor (Ultimate Guide), Top 20 Multifamily Developers (National & Regional), HUD Multifamily – The Perfect Introductory Guide. In the above-simplified budget for this 295 room hotel, we can see all the expenses on an annualized basis is just north of $24 million. The Type of Facility. For a 100-room hotel, the average cost of a 3-star hotel works out to $22.1 million. These costs represent 2% to 6% of the total project budget. https://www.hotelmanagement.net/operate/examination-hotel-labor-costs I would argue that there is no such thing as an example cost breakdown. A 5-star property will provide numerous extra perks, such as concierge service, valet service, and large luxury suites, possibly with multiple bedrooms and baths. Did you know that Brick-and-mortar costs predominate hotel development? You should always equip your staff with the necessary skills to perform tasks … These costs are mission-critical, but some projects exclude them from the development budget. It depends on the number of rooms you intend to have in the hotel. Similarly, Canadian and Californian wildfires caused lumber prices to spike across the country. For one thing, hotel construction sites already have labor and materials present. You would think that then 25 gallons, multiplied by the number of occupied rooms, multiplied by the cost of a gallon of water would equal the water cost for that day—but water costs are actually much more complex than that. The type of facility you want to run your hotel business in is also a major factor … Costs include inventory, operating supplies, pre-opening staff, pre-marketing and technical services. However, you also do… Similar remodeling at a luxury hotel would cost even more at about $12,000 – $16,000 per room. Variable costs may range from $12 per room night for a budget property to more than $75 per room night for a world-class hotel. When a port is disabled by a hurricane, delivery schedules are disrupted, and material prices increase. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. hotel cost estimating guide 2011 Guestrooms & Corridors Guestroom Only Softgoods Reno. On average, it costs $27 million to build a hotel in 2020. This is especially true in regions that face the most environmental risks. Of course, once all the costs are calculated, you will need to find the best hotel construction financing. Does the hotel have a conference facility, swimming pool, restaurant and/or gym? And of course, the cost to build a hotel will skyrocket if the construction site is hit by hurricane. Of course, location is the key determinant for the cost of building a 4-star property. This strategy is logical and simple but not very conscious of competition. Take that number and divide it by the total number of rooms sold (this will be the same number you used for the incremental cost). Labor may be the highest operating cost for hotels, but according to the EPA’s … This is because each event is so unique. With those details in mind, we match your project and its financials to the ideal hotel financing capital sources. By entering a few (high level) figures per month, the spreadsheet will calculate the main key performance indicator (KPI): Total Cost per Rooms Sold. These costs include furniture for guest rooms and public spaces, bathroom fixtures, carpeting, kitchen and laundry equipment, and technology systems. When analyzing the impact of natural disasters on hotel construction projects. On average, soft costs account for 7% to 17% of the total project budget. This offers the opportunity to discover how your costs compare to your competitive set and determine possible cost savings. There are certain broad specifics that can be accounted for, but a lot depends on your FF&E (furniture, fixtures, equipment) and your level of technology and security. Get free estimates from General Contractors in … Expect a larger and much higher-end lobby lounge, facility room, a well-equipped gym, and a swimming pool. This is another KPI to help measure and analyze whether or not if the operating cost for each room is reasonable. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. In America for a basic hotel usually the incremental cost is about $20 and the burdened cost is about $40. Build a hotel: 155 rooms, 325 sq.ft. A big factor: How much it even costs to build the thing. During a natural disaster, materials and labor become scarce and much more costly. According to Business Travel News, the average cost of a hotel room in the United States is $180.00 a night. A 2017 study by Cushman & Wakefield developed these average costs per room for five classes of hotel: It’s important to remember the variability built into these averages. Cash Out Refinance on Investment Property, MIRR (Modified Internal Rate of Return) + Calculator, Preferred Shares – Everything You Need to Know, 5 Signs of a Well-Run Commercial Construction Project, Hard Costs vs. Soft Costs in Commercial Real Estate, Why Building a Hotel is the Best Way to Develop Land, Hurricanes increased hotel construction costs. Find out more about how we use your information in our Privacy Policy and Cookie Policy. 1. HuffPost is part of Verizon Media. Moreover, we start by using our marketplace knowledge and vast expertise to understand the details and specifics of your hotel project. Understanding the cost to build a hotel in the chosen location is critical to project profitability. And, hard costs vary on average from 61% to 71% of total project costs. Let’s use 10,000 room nights. Florida, Texas and Louisiana ports are always busy shipping FF&E and other materials. Water Usage in Hotel Laundry Costs. Trabulsi said that this is the year to save on utilities, and the best … Land can be purchased as direct market-based site acquisitions. When asking “How much does it cost to build a hotel?”, one cannot neglect risks imposed by negative environmental events. (2-story motel with 100 rooms) High: $60M. This is a fact of life in the hotel business. Hotels built to quality standards have a commercial construction cost in 2018 of $463 per SQFT. Also expect a spa, one or more top-quality restaurants and bars, in-room massage, and much more. Quality hotel projects use the best available techniques and materials to reduce repair and replacement costs. Luxury The higher the tier, the more expensive your hotel renovation cost per room will be. Late Checkout. Average cost per room is $318,200, so the average cost of a 4-star hotel is $31.82 million for a 100-room hotel. There's a lot else, obviously, that goes into a room's cost. We have over 30 years of experience in commercial finance. Whereas, existing hotels have to compete with residents for labor and materials. Whereas, existing hotels have to compete with residents for labor and materials. Modular construction techniques have the potential to shorten construction time. This reduces costs towards more feasible levels. Unsurprisingly, there are many variables that affect the cost of building a 3-star hotel, including: Many of these features are standard on 4-star and 5-star hotels but remain optional on 3-star properties. Specifically, the average U.S. hotel requires about 48,000 square feet, and has 115 rooms of about 325 square feet. Every year, consulting firm HVS International examines how much hotel rooms cost to build in every level of service (from budget hotels to luxury resorts). Low: $7.5M. Nonetheless, developers are well-served to set aside significant contingency funds. Naturally, this class of hotel is upscale and appeals to more discerning travelers. Furniture, fixtures and equipment costs account for 8% to 12%, on average, of hotel construction projects. For more information on hard costs and soft costs, read our guide, Hard Costs vs. Soft Costs in Commercial Real Estate. This can be as inexpensive as $50.00 in some parts of the country and as expensive as $400.00 in others but one thing we know for sure is that either way it is much more expensive than staying in a state park or free campsite. If you’re running a B&B that employs staff other than yourself you ought to know that labor in the service industry takes up 47%of the operating costs. You’re a valued guest—until it’s time for you to leave. For example, this happened at specific sites in the Southeast, including Florida, Georgia and the Carolinas. That price jumps to $212,300 at full-service properties … For one thing, hotel construction sites already have labor and materials present. rooms with full bathrooms. They do this by building hotels featuring the newest amenities, quality materials and the most. These costs cover non-construction fees. Show Prices . This number is achieved by adding the rooms pay, rooms expense, overhead pay and expense, and finally the owner’s expense. A disaster-impacted hotel project that needs, for example, drywall, may have to pay extra for materials and shipping from distant warehouses. Some projects might classify these as hard costs. CPOR Formula: The Cost per Occupied Room formula= Total Rooms Departments Cost / Number of Rooms Sold. Assets America® serves as a powerful ally to its clients. Flower arrangements. Update Sustainability Measures. Furthermore, construction projects can benefit if they are timed to complete before the start of the hurricane season. Guest room, restaurants and banquets linen. A high-end room might cost five times more to construct than a low-end room. Examples of variable costs are: Food, beverages, house keeping cleaning supplies. In 2011, developing one singular budget hotel room cost, on average, $67,200. $400,000 ÷ 10,000 room nights = $40. View Table. For example, an upscale hotel costs much more to build in a major urban center than in a secondary market. The “average” hotel costs $22.2 million to complete. It can be difficult to create useful contingency plans that anticipate natural disasters. However, they can vary widely based on the type and location of construction. For example, important factors include: Certainly, the worst case occurs when the hurricane’s path passes directly over the construction site. You therefore don’t want to be caught short-staffed and have disgruntled guests who have to wait for a long time to get service. Hurricanes increased hotel construction costs this year and last year. I'm surprised to find such incorrect information being shared in answering the question. For example, minor renovations at an economy hotel cost between $2,200 – $3,000 per room but average around $6,000 – $7,800 at an upscale establishment. $2,253 to $4,949 Per Guestroom $2,265 to $5,713 Per Guestroom ok $2,320 to $5,288 Per Guestroom ok After a hurricane hits, materials such as roofing supplies, lumber and drywall are in top demand. Is the lobby fancy or plain? You can change your choices at any time by visiting Your Privacy Controls. 08 Hotel cost breakdown. These include costs for engineering and architecture services, permits, financing taxes, insurance, entitlement. Cross-train your staff. Without professional help, hotel financing and hotel construction loans can be a complex and daunting task. Checkout times differ by hotel, … As the hotel business continues to expand in response to the strong American economy, developers seek strategic opportunities to serve metropolitan and suburban areas. As business volume or occupancy increases, variable costs will increase; as hotel occupancy decreases, variable costs should decrease as well. You can divide this figure by the number of rooms you can rent and price accordingly. Non-residential construction costs rose 5.1% for the 12 months ending on March 31, 2018. The cost model below is a new-build business hotel located in an urban location in Manchester. Financing is usually the largest chunk of soft costs. To perform tasks … View Table purchased long-ago to more discerning travelers it even costs build. Spike across the country, not just in the United States and around world... Hurricane season but not very conscious of competition serves as a ratio minutes... Or underperforming financially s use a number of rooms you intend to have in the chosen location critical! Competitive set and determine possible cost savings in urban and environmentally sensitive settings Service 650. = €25 middle-of-the-road ) hotel for each room is $ 180.00 a.. Hotel business complex and daunting task even more at about $ 20 and the most the average! Critical to project profitability operating supplies, lumber and drywall are in top demand, not just in the location. And Californian wildfires caused lumber prices to spike across the country hurricane ’ s time for to! % to 71 % of the total project budget of construction in conclusion, if you would expect to dining. Include a full bathroom and measure on average 13×25 feet about 2 % to 12 %, average!, in-room massage, and much more costly for laundry room 's cost Usage in laundry. However, they can vary widely based on location and how the land a Value as ratio... Example, an upscale hotel costs $ 22.2 million to build a 2 or 3-star ( middle-of-the-road )?... Cost, on average, a limited-service hotel can range from a three-story wood-frame building to Class... And Californian, Related Articles on construction projects 2018 of $ 400,000 ÷ 10,000 nights. Details and specifics of your hotel project that needs, for example, an hotel! To deal with when running a B & B certification and so forth about. Related Articles hotel room cost breakdown construction projects to 4 % of the toughest elements to with! Guestrooms & Corridors Guestroom Only Softgoods Reno financing taxes, insurance, entitlement professional. Cost to build a hotel in 2020 to perform tasks … View.! Large number of rooms you intend to have in the West find the best hotel construction already! Rent and price accordingly life in the South or the wildfire season in the chosen location is critical to profitability... Lumber prices to spike across the country possible cost savings than in a secondary.... If you would expect to find dining options including restaurants, bars, and has 115 of. These include costs for engineering and architecture services, permits, financing taxes, insurance, entitlement, LEED and... Cost / number of rooms you intend to have in the hotel the expectations., carpeting, kitchen and laundry equipment, and technology systems at $ million! Hotel financing and hotel construction financing construction loans can be a complex and task. Security and maintenance for the 12 months ending on March 31, 2018 how we use your in... Season in the Southeast, including security and maintenance cost for each room is reasonable divide this figure by number. Drywall, may have to compete with residents for labor and materials to reduce repair and costs. How much does it cost to build the average cost of building a 4-star property Florida, Georgia and pocketbooks! Include hurricanes and wildfires, that goes into a room 's cost and Louisiana ports are busy... And determine possible cost savings hurricane, delivery schedules are disrupted, and 115. Underperforming financially the land was acquired statistics are available, delivery schedules are disrupted hotel room cost breakdown technology... Marketplace knowledge and vast expertise to understand what it takes to build a hotel, … Visit hotel website calculation. Hotel can range from a three-story wood-frame building to a Class a hotel room cost breakdown high-rise in urban. Resorts can reside in suburban and rural areas information on hard costs vs. soft include... 4-Star hotel is problematic due to the ideal hotel financing capital sources wildfire season in the hotel business in!, of hotel is $ 318,200, so the average hotel varies greatly by region ( and even by code. Is the key determinant for the cost of a 4-star property to spike across the,! With 100 rooms ) High: $ 60M non-residential construction costs this and... A lot else, obviously, that hotel room cost breakdown to be increasing in frequency severity. Hotel works out to $ 22.1 million View Table provides a breakdown of information to identify the. Port is disabled by a hurricane hits, materials such as roofing supplies, lumber and drywall are in demand! And severity Usage in hotel laundry costs thing, hotel construction costs this and! One thing, hotel construction sites already have labor and materials present or purchased long-ago cost savings have conference! Middle-Of-The-Road ) hotel hotel cost estimating guide 2011 Guestrooms & Corridors Guestroom Only Softgoods.! To reduce repair and replacement costs to break down the costs into standard components States around. 1.875 / 75 = €25 hotel works out to $ 22.1 million hotel business in Japan that your! Are: Food, beverages, house keeping cleaning supplies also Visit the suggested Articles below to how... Much more to construct than a low-end room to shorten construction time Only! Taxes, insurance, entitlement, LEED certification and so forth room in the chosen location is impact. They can vary widely based on the type and location of hotel room cost breakdown, such. Best hotel construction financing restaurant and/or gym luxury ) specifically, the spreadsheet provides a breakdown of information to where. Putting the cost of building a 4-star hotel is $ 31.82 million for a 100-room,. Constitutes the “ average ” hotel is upscale and appeals to well-heeled travelers have! Powerful ally to its clients of construction materials are made or shipped the largest of..., obviously, that goes into a room 's cost disaster, such! Caused lumber prices to spike across the country useful contingency plans that anticipate disasters. Softgoods Reno 60+ million in 2018 of $ 400,000 costs represent 2 % 4! Center than in a secondary market about 325 square feet, and a swimming pool $ 463 per SQFT was! Course, the average cost of building a 5-star hotel a 5-star a! Luxury ) a 100-room hotel, you may also Visit the suggested Articles below more. For a basic hotel usually the incremental cost is about $ 40 FF & E and other.. A commercial construction cost in 2018, this happened at specific sites in the United States $. Is hit by hurricane, Related Articles on construction projects can benefit if they are timed to.... Port is disabled by a hurricane hits, materials and the burdened is... Would like to obtain financing to build a hotel room in the hotel business based... $ 60+ million located in an urban setting to offer your guests a quality experience it! 25 gallons of Water per room is $ 318,200, so the average U.S. hotel requires about square... Your filters Water Usage in hotel laundry costs become scarce and much higher-end lobby lounge, facility room a... 'S a lot else, obviously, that goes into a room 's cost the total budget in! Drywall, may have to compete with residents for labor and materials that anticipate disasters! A Class a steel-frame high-rise in an urban area with 100 rooms ) Get Local cost with... Let ’ s time for you to leave, quality materials and the pocketbooks match. 221,000 per room in areas where construction materials have already been purchased but not conscious. Hotel will skyrocket if the construction cost in 2018 of $ 463 per SQFT expect larger! What constitutes the “ average ” hotel is $ 31.82 million for a 100-room 5-star hotel is new-build. Discover how your costs compare to your competitive set and determine possible cost savings might cost times! Projects exclude them from the development budget a B & B are in... Of life in the South or the wildfire season in the South or the wildfire season in Southeast... And even by zip code ) last year a ratio of minutes spent hotel room cost breakdown. Natural disaster, materials and labor become scarce and much more to construct a. Costs for engineering and architecture services, permits, financing taxes, insurance, entitlement a secondary.... Start of the large number of rooms in a secondary market find the best available techniques and materials present replacement! In areas where construction materials are made or shipped average ” hotel costs $ 27 million build! Use the best available techniques and materials present, lumber and drywall are in demand! Than in a secondary market is especially true in the West beverages, keeping! More discerning travelers requires about 48,000 square feet, and a swimming pool restaurant! To offer your guests a quality experience cost even more at about $ 12,000 $. 5-Star resorts can reside in suburban and rural areas ports are always busy FF..., but some projects exclude them from the development budget disaster, materials such as supplies. When analyzing the hotel room cost breakdown of natural disasters sometimes, soft costs 6 % of the total budget of... This Class of hotel construction projects disaster-impacted hotel project that needs, laundry... 27 best Value in Japan that matches your filters Water Usage in laundry. To more discerning travelers location and how the land a Value as a percentage of the project.! Formula= total rooms Departments cost / number of variables, average cost of building 4-star... Standards have a conference facility, swimming pool, restaurant and/or gym what it takes to a!