Page 6 - 2017 Hotel Cost Estimating Guide

GUIDE TO THE COST GUIDE

by Warren G. Feldman
CEO of JN+A | Principal of HVS Design

The 2017 Hotel Cost Estimating Guide is the ninth edition of this comprehensive planning tool. JN+A and HVS

Design developed the Guide to examine construction and FF&E costs for renovations in each hotel tier. The
Guide is intended to be just that - a guide to help provide approximate costs for your softgoods or full renovation

with lexibility to customize your preliminary budget to it your scope. As with any generic budgeting tool, the inal

costs for a speciic project should be developed on a case speciic basis. Below are some tips to aid in directing
you to get the most out of this helpful tool.

Overall

The Guide is divided into six hotel tiers. Each tier has an assumed hotel size and coniguration from which the

cost data is derived. The assumptions are a way for you to compare against your property to help determine
which tier and hotel size it its.

Once you have selected a hotel tier, you should determine if you want a quick budget number or want to develop
a more detailed version of the budget. For quick numbers use the summary pages (Pages 10 and 11). If you

want a detailed budget, then use the detailed numbers within the tier you have selected.

The next step is to apply the scope of your renovation to the forecasted numbers, having determined which tier

your hotel falls under and determined your scope of work for the renovation. Let’s assume you have a six-story,

200-room hotel that needs a softgoods guestroom renovation, but you are planning to keep the artwork, lighting,
and soft seating. Due to the type of hotel, you know that your project falls under the Upper Upscale tier.

Softgoods Renovation

For a quick preliminary budget using the summary page only, you would use the guestroom softgoods renovation

price for an Upper Upscale hotel in the cost range of between $7,620 and $10,383. Now, skip ahead to the
adjustments section.

For a more detailed budget you would skip ahead to the Guestroom Softgoods Renovation for the Upper Upscale
(page 60) category, you should highlight each item that you are replacing including demo and FF&E installation.

Each item has a cost range (low to high) and an average cost. Utilizing the average cost number will provide you

with the general idea of the cost. Add up the select items needed for your renovation and multiply by the number
of keys. This number will provide you with an approximate idea of how much it will cost to do a basic softgoods

renovation including construction and FF&E.

Guestroom Softgoods Renovation
Assume guestroom area of approximately 15' x 24', plus 8' x 8' bathroom and 7' x 8' entry / closet area (472 SF). Ceilings 9'-0" AFF. Painted drywall.
RANGE AVERAGE
Demolition
$299.75 to $400.58 $359.77
FF&E Installation
Artwork, Mirrors, and Accessories (Installed Package) $337.90 to $368.31 to $408.75 $373.78 $619.45 $493.60
Full-height Framed Dressing Mirror
$198.31 to $294.21 $245.45
Bed Skirt or Box Spring Cover
$150.00 to
$180.00 $165.00
Decorative Pillow
$91.80 to $124.20 $108.00
Carpet and Pad
$894.56 to $1,043.31 $946.60
Desk Lamp
$140.00 to $180.00 $160.00
Floor Lamp
$260.00 to $350.00 $303.33
End Table Lamp
Nightstand or Bracket Lamp (2)
$250.00 to $300.00 to $330.00 $290.00 $420.00 $360.00
Welcome Light (in Existing Location)
$188.50 to $293.24 $231.64
Desk Chair (including Fabric)
$260.00 to $360.00 $310.00
Lounge Chair (including Fabric)
$540.00 to $740.00 $640.00
Ottoman (including Fabric)
$260.00 to $350.00 $303.33
Sleeper Sofa (including Fabric; assumes King Rooms only) $410.00 to $550.00 $480.00
Paint Textured or Drywall Ceiling
$305.76 to $428.06 $381.83
Paint Trim (Base and Crown)
Paint Entry Doors, Closet Doors, Frames, and Grilles
$232.30 to $245.25 to
$371.68 $318.59 $392.40 $311.63
Vinyl Wallcovering (LY 54")
$1,417.80 to $1,766.92 $1,592.63
Window Treatments (Sheer, Blackout, Hardware Installed)
$470.00 to
$780.00 $623.33

Guestroom Softgoods Renovation Cost Per Key $7,620.24 to $10,382.79 $8,998.51

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JN+A and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2017