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 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

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