How Much Does it Cost to Build an 8-24 Story Hotel?
The following analysis estimates the cost to build a Hotel, 8-24 Story using US National Average costs from 2019 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 450,000 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs in a specific city or metropolitan area, go to our index of Hotel, 8-24 Story models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.
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Hotel, 8-24 Story Construction Cost Assumption |
| Location: |
US National Average
|
| Story Count: |
15
|
| Story Height (L.F.): |
10
|
| Floor Area (S.F.): |
450,000
|
| Basement Included: |
No
|
| Data Release: |
Year 2019
|
|
Hotel, 8-24 Story with Brick Veneer / Reinforced Concrete
| Cost Estimate (Standard Union Labor) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$159.73 |
$71,878,134.10 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$39.93 |
$17,969,533.53 |
| Architectural Fees |
6% |
$11.98 |
$5,390,860.06 |
| Total Building Cost |
$211.64 |
$95,238,527.68 |
| Cost Estimate (Open Shop) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$146.88 |
$66,096,066.32 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$36.72 |
$16,524,016.58 |
| Architectural Fees |
6% |
$11.02 |
$4,957,204.97 |
| Total Building Cost |
$194.62 |
$87,577,287.87 |
Other Square Foot Model Building Type Options:
Hotel, 8-24 Story with Curtain Wall / Rigid Steel
Hotel, 8-24 Story with E.I.F.S. / Reinforced Concrete
Hotel, 8-24 Story with Fiber Cement / Rigid Steel
Hotel, 8-24 Story with Precast Concrete / Reinforced Concrete
Hotel, 8-24 Story with Stone Veneer / Rigid Steel
