The purpose of this hotel refurbishment (including hotel furniture) and hotel development cost guide, prepared by HVS, is to provide a summary of the total development cost ranges, exclusive of land, that are applicable to various hotel franchise brands as described in their respective Uniform Franchise Offering Circular documents.
While this guide can be utilised by professionals as a supplement in assessing total hotel development and hotel refurbishment (including hotel furniture) costs in the context of specific hotel franchise brands in the US. These costs can be adapted for the Australian marketplace and will provide Australian hotels and hospitality busineses with a good indicative cost guide.
We note that the cost ranges outlined herein apply only to hotel development and hotel refurbishment in the United States.
You willl find summaries on the following areas:
- Summary of Total Hotel Development Cost Ranges
- Summary of Hotel Refurbishment Cost Ranges
- Summary of FF&E Cost Ranges