U.S. hotel construction costs by select city Q1 2022
The city with the highest costs for the construction of a hotel in the United States is Honolulu, where the average construction cost for a 5-star hotel reached over 692 U.S. dollars per square foot. A 3 star hotel in Phoenix, Arizona, on the other hand, cost an average of 230 U.S. dollars per square foot. The hotel pipeline in the U.S. has experienced a steady growth in comparison to other regions of the world. Luxury and upper-scale hotel projects are at record levels.
Construction costs of hotels
In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Labor and construction materials must also be considered and these variables can create a wide range in construction costs. Generally, the cost includes the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements.
Construction costs of hotels
In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Labor and construction materials must also be considered and these variables can create a wide range in construction costs. Generally, the cost includes the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements.
