Construction Cost Estimates for a Hotel, 8-24 Story in National, US
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 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 | |
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