HOTEL COST ESTIMATING GUIDE

2011

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Washington, D.C.

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Boston

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San Diego

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Fort Lauderdale

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| © 2011 JN+A & HVS Design | 7361 Calhoun Place, Suite 310, Rockville, Maryland 20855 | www.nehmer.com

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HOTEL COST ESTIMATING GUIDE 2011

TABLE OF CONTENTS

Introduction ..................................................................................................................................................... 4 Hotel Capex on the Upswing: Remembering 2010 & Previewing 2011 .......................................................... 6 Cost Estimating Summary Sheet ..................................................................................................................... 8 Cost Estimating Tables by Hotel Tier ............................................................................................................... 11
Economy .......................................................................................................................................................................... 11 Extended Stay ...................................................................................................................................................................17 Midscale ............................................................................................................................................................................25 Upscale .............................................................................................................................................................................35 Upper Upscale ..................................................................................................................................................................45 Luxury .................................................................................................................................................................................55

Perspectives on Capital Expenditures ............................................................................................................. 65
Capitalizing the Impossible: Today’s Options for Funding a Hotel Renovation ................................................................. 66 Sustainable Design Helps Hotels Save for the Long Run .................................................................................................69 Boom, Gloom, Recovery: Current Trends in FF&E ...........................................................................................................71 Fuel Prices Come Back - How This Affects FF&E Budgets .............................................................................................. 73 Sweet & Sustainable: How to Tempt Owners to Buy Into Going Green ........................................................................... 74

Glossary of Freight / FF&E Terms .................................................................................................................. 76

HOTEL COST ESTIMATING GUIDE 2011
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HOTEL COST ESTIMATING GUIDE 2011
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INTRODUCTION
Two years ago, seeing the need for a way to quickly find an approximate estimate of quality and up-to-date costs for hotel renovation projects, JN+A and HVS Design prepared the first Hotel Cost Estimating Guide. This guide provided a quick, clear reference with ranges of prices to broadly estimate the cost of hotel renovations. In 2010 the guide was updated due to the significant changes and volatility in the market. Now in its third year, the 2011 Hotel Cost Estimating Guide has been updated to include more useful information for hotel renovation decision-makers and reflect the changes that have occurred from 2010 to 2011. For the 2011 guide, our team sought out articles that address the new economic reality that hotel owners, asset managers, design teams, and contractors are facing. The perspectives on hotel capital expenditures published in this year’s guide reflect a positive attitude toward forging ahead with hotel renovation and construction projects. The authors provide useful advice and reflect on emerging trends regarding issues such as renovation project financing, embracing and budgeting for sustainable design, understanding changes in FF&E costs, and lowering the cost of freight and shipping. The FF&E amounts included in the guide do not include tax, freight, or warehousing because these amounts vary greatly based on location, weight of the materials to be shipped, and the manufacturer’s distance from the site.

Contractor Data: Our team wishes to thank the following General Contractors for the large amount of time they volunteered to provide us with unit cost data for each of the categories and sub-categories included in the guide. JN+A has successfully worked with each of these contractors on past projects. All of them are well-known, regionally- or nationally-based contractors that specialize, or have departments that specialize, in the hospitality industry. These organizations are acutely aware of the crucial need for efficient operation in hotels with regard to noise and guest satisfaction, as well as the primary need to produce complete, guest-ready hotel rooms. Complete Property Services, Inc. Heidenberger Construction, Inc. Land-Ron, Inc. MP Johnson Construction, Inc. R.D. Olson Construction Reliance Construction Company Triad Construction Services, Inc. Turner Construction Company When using this guide, please note that since project-specific conditions will affect the final cost of every renovation project, this estimating guide will not include all costs for each hotel renovation. Costs such as Professional Fees, Contingency, Operating Supplies & Equipment, Attic Stock, Freight, Sales Tax, etc. have not been included. However, this guide does identify broad areas of costs that will likely apply to most types of hotel renovations and can provide preliminary insight when planning for such work.

FF&E and Freight Management: As in the 2009 and
2010 guides, we want to recognize the efforts of Benjamin West and Audit Logistics for providing cost data for FF&E and freight management. In this guide, Benjamin West has provided low, medium, and high prices for various FF&E items that are commonly required in hotel renovations. The pricing information was compiled from actual purchase orders that were implemented in 2010 and 2011. Benjamin West’s pricing evaluation included custom FF&E items so that the costs indicated in the guide are the most representative amounts possible.

Guestrooms. 27 rooms / floor Upscale 304 guestrooms. Guest Bathrooms. 41 bays / floor Luxury 200 guestrooms. 30 rooms / floor Extended Stay 150 guestrooms.HOTEL MARKET TIERS: MODEL HOTEL CRITERIA FOR 2011 GUIDE Line item costs included in this guide have been estimated using the following models in each hotel tier: Economy 90 guestrooms. Throughout the guide. 7 stories (6 with guestrooms). 9 stories (8 with guestrooms). 40 rooms / floor Midscale w/ F&B 135 guestrooms. 38 rooms / floor Upper Upscale 192 guestrooms. 46 bays / floor COST CATEGORIES Renovation costs in this guide have been separated into the following cost categories. 25 suites. 20 suites. 6 stories (5 with guestrooms). Guestroom Corridors Public Spaces Food & Beverage Outlets Function Spaces Recreational Facilities Infrastructure 2011 HOTEL COST ESTIMATING GUIDE AUTHORS HOTEL COST ESTIMATING GUIDE 2011 5 . the colors shown in the chart below are used to indicate each category. 5 stories (all with guestrooms). 4 stories (all with guestrooms). 3 stories (all with guestrooms).

some exceeding their estimated cost of replacement. In last year’s guide. As financing continues to return to the market. Standard & Poor’s predicts that RevPAR will continue to rise in 2011. have decreased again in the first quarter of 2011. Lodging Econometrics reports that construction starts. with the select service brands receiving the most interest and the highest prices. and occupancy is recovering. although less drastically. The article indicated that construction projects were down nearly 35 percent between December 2007 and September 2009. While the industry hasn’t yet fully recovered from the tough times of 2008. with suburban demand outpacing urban. larger renovation projects and new developments may begin again in 2012 and beyond. While construction financing is still limited and developers continue to push projects back while they await funding. comparing the current recovery to the one that occurred post 9/11. and thus showed the severest cuts in capital spending. In addition. another indicator that more renovations. hotel transactions were up 250 percent compared with 2009. While this is just a small increase. Steve Rushmore of HVS wrote about the state of hotel capital expenditures. If this trend continues. conversions. and hotel transactions have skyrocketed. which bodes well for future hotel renovation and construction projects. Capital expenditures were down due to a decline in RevPAR and the capital markets. perhaps providing hotels with more available capital for long-deferred maintenance and improvement projects. Lodging Hospitality and Smith Travel Research have found that lodging demand is growing. and maintenance work for distressed hotels may be in store. filling the hearts of architects. The recent recession reduced capital spending on hotels to levels similar to the lows of 2002 through 2004. which decreased drastically from 2008 to 2009 and then dropped further in 2010. and contractors everywhere with a cautious hope for future work. all of these positive indicators raise our hopes for an increase in hotel renovation and construction projects. and projects in the pipeline were reduced 26 percent during the same timeframe. setting the stage for future escalation in hotel renovation and construction activity. according to Lodging Econometrics. but a decline in construction starts and new project announcements speaks to further improvement in lodging demand and higher room rates. and 2010. these same select-service hotels will likely be targeted for PIP-related upgrades and other small renovation projects. The upscale and luxury hotel sectors were the hardest hit by the revenue decline. This increase in transactions led to a corresponding increase in the number of due diligence surveys and property condition assessments being conducted on transacted properties. . with the limited service and economy sectors staying closer to the normal renovation cycle during the economic downturn. Now that it seems that perhaps the worst is over. 2009. In addition. we see clear signs of a capex recovery in the coming year.HOTEL COST ESTIMATING GUIDE 2011 6 HOTEL CAPEX ON THE UPSWING: REMEMBERING 2010 & PREVIEWING 2011 by Crawford Julie Bourque A lot has changed since we published the 2010 Hotel Cost Estimating Guide. In 2010. These statistics may sound bleak. Another positive indicator for future growth in hotel capital spending is the fivepoint-five percent growth in RevPAR seen in 2010. Standard & Poor’s notes that the scarce resources that were available in 2010 were allocated primarily to renovations and to large developments with prime locations and affiliations with national brands. designers. owners and lenders showed more interest in hotel renovations in 2010.

with some sources indicating declines of up to four percent. aluminum.What does all this mean for hotel capital expenditures in 2011? Judging from the slow speed of recovery that began in 2010 and the forecasts from major hotel industry sources. particularly projects related to assets that are high-performing or in high-demand locations. PIP renovations. However. 2011 may not bring the boom of activity we saw in 2006 and 2007. As more funding becomes available. and limited conversions. construction costs were down. JN+A’s Director of Corporate Communications. Hotels with prime locations and historically good occupancy. especially for diesel fuel. Julie would like to thank Jen Robertson of Lodging Econometrics for kindly providing reports on quarterly lodging trends for 2010 and 2011. but the outlook for the hotel industry is far rosier this year than it was at this time in 2010. Crawford Julie Bourque. has been a senior editor and designer for the Hotel Cost Estimating Guide series since its inception in 2009. HVS reports conflicting news regarding 2010 construction costs. and renovation scheduling was complicated due to longer material and FF&E lead times. larger projects that have been deferred may begin to re-start. FL. have been able to continue renovation projects as planned despite the economic downturn. mostly due to international demand for materials. Overall. like the Loews Don CeSar Beach Resort in St. If we do see a swell of activity. while other sources report increases of nearly four percent. Last January. it seems a slow recovery is what’s in store. This conflicting information is not surprising. and steel. Labor prices were decreasing. will construction costs rise along with it? That remains to be seen. She was also a senior editor and publication manager for the ISHC’s CapEx 2007 study. lumber fifteen percent. and many projects were being bid by contractors and subcontractors at cost or even below. as prices of construction materials fluctuated from month to month in 2010. Petersburg. HVS reports that structural steel costs rose fivepoint-three percent. copper. beginning with small maintenance and repair work. according to the New York Building Congress. pictured above. and plywood seven percent. HOTEL COST ESTIMATING GUIDE 2011 7 .

600) $31 Per SF (1.247 Per Guestroom ok $ ok not not Bathroom Guestroom Corridors (3. Add for Full Reno. input from U.649 Per Guestroom $1. Before utilizing this information for any renovation.953 Allowance $13 $76 $15 $79 $35.483 Per Guestroom ok $0 ok ok ok Extended Stay Midscale with F&B $2.192 Allowance ok ok $26 $106 $16 $84 $76.462 $1.713 Per Guestroom $10.318 to to to to to $27 Per SF (420) $145 Per SF (420) $21 Per SF (1. Add for Full Reno. (2) Add for Full Reno. Operating Supplies & Equipment. Kitchen (6) Excl.699 Per Guestroom $13. Add for Full Reno.940 $621 to to to to to $5. A/V Equipment Softgoods Reno. Softgoods Reno.640 N/A N/A N/A N/A Per SF (1.016 Per Guestroom $2.253 $2. $31 $67 $14 $102 to to to to $71 Per SF (180) $121 Per SF (180) $41 Per SF (80) $210 Per SF (80) $21 $40 $7 $55 to to to to $35 Per SF (1. (7) Add for Full Reno.520 $3.004 Per SF (1.HOTEL COST ESTIMATING GUIDE 2011 8 2011 HOTEL COST ESTIMATING GUIDE SUMMARY Economy Guestrooms & Corridors Guestroom Only Softgoods Reno.634 to to to to $19 $529 $94 $2. Freight. Attic Stock. General Contractors (geographically diverse) This estimating information is a guideline only.189 to $31.000 Allowance GENERAL NOTES: Costs indicated in this Estimating Guide do NOT include Professional Fees.679 to to to to to $41 Per SF (728) $191 Per SF (728) $22 Per SF (1.500) $94 Per SF (2.000 Allowance $74 $25.800 Lump Sum ok ok ok Meeting Rooms & Prefunction Guest Amenities Fitness Rooms & Spas Softgoods Reno.312 Per Guestroom $2.079 Per Guestroom $742 Per Guestroom $2.288 Per Guestroom $8.400) Per Seat (50) Per SF (1. N/A N/A N/A N/A $19.714) $7. purchasing organization unit price information.003 $707 to to to to to $5. .000 Allowance $74 $25. A/V Equipment N/A N/A N/A N/A N/A N/A $9 $31 to to N/A N/A N/A $27 Per SF (552) $58 Per SF (552) N/A $11 $32 $5. Add for Full Reno.S.000 to to $121 Per Space (100) N/A $12. Add for Full Reno.820 $9 $129 $226 $3.949 Per Guestroom $3.773 to to to to $20 $654 $77 $2.500) $25 Per SF (480) $114 Per SF (480) Public Restrooms Food & Beverage Facilities Restaurant (Economy: Breakfast Bar Only) Softgoods Reno.714) $64 Per SF (3. etc. $10 $335 $53 $1.783 $1.750) $139 Per SF (1. a full budget estimate should be prepared by JN+A and HVS Design. Equipment (Economy: Storage Pantry Only) Equipment $38 $63 to to $145 Per SF (80) $94 Per SF (80) $53 Per SF (1.470 Per Guestroom $1.676 Per Guestroom $13.560 Allowance ok ok Outdoor Swimming Pool (8) Indoor Swimming Pool (8) Outdoor Amenities ok ok Infrastructure Outdoor Parking (Seal Lot & Stripe Spaces) Indoor Parking Structure Renovation Landscaping (9) $74 $5.750) $144 Per SF (1.296) Per Seat (50) Per SF (1.625 $364 to to to to to $4.320 $6.938 $17 $248 $334 $5.000 to to $121 Per Space (175) N/A $75.750) $109.4) Public Spaces Reception Area (5) Softgoods Reno.564 Per Guestroom $1.400) Per Seat (50) not o not o ok ok $14 $351 $109 $2. (1) Softgoods Reno. Sales Tax.400) $71 Per SF (1. misc.296) Per Seat (50) Per SF (720) Per Seat (48) Per SF (720) Per Seat (48) ok ok ok ok Bar & Lounge Softgoods Reno.457 $4. Contingency.750) $52.400) $16 Per SF (480) $106 Per SF (480) $13 $43 $11 $59 to to to to $23 Per SF (2. Add for Full Reno.500 to to to N/A N/A N/A $29 Per SF (3.388 $23 $13 to to to to to to to to to to $24 $616 $229 $5.265 $7.582 N/A N/A N/A N/A N/A N/A Per SF (400) Per Seat (12) Per SF (400) Per Seat (12) $10 $284 $58 $1.600) not not Function Spaces Ballroom & Prefunction Softgoods Reno.506 $826 $2.810 Per Guestroom $9. Sources: JN+A historical data.000 to to $121 Per Space (150) N/A $55. Add for Full Reno. $2.

500) $177 Per SF (4. Allowance only.550) $160. artwork.200) Per Seat (60) Per SF (1.277 to to to to to $9.000 $21 $100 $105.492) $27 Per SF (1. vinyl wallcovering.000 to to $121 Per Space (486) N/A $75.920) ok ok ok ok $15 $377 $123 $3.800) $228 Per SF (4.200) $208 Per SF (7. and ice machines 4.078 $11 $213 $203 $4.000) $154 Per SF (3.000 Allowance not ok $2.900) $68 Per SF (13.854 $19 $376 $312 $6.714 $20 $605 $308 $9.126 Per Guestroom $21. porcelain tile floor with tile base 3.735 Per Guestroom $14.200) $48 Per SF (4.200) $125 Per SF (7.226 $28 $104 to to to to to to to to to to $38 $983 $372 $11. vanity light.228 $25 $500 $424 $8. painted millwork running trim.600) Per Seat (80) ok not o ok not o ok ok not o ok ok ok $17 $434 $132 $3. and one-half of the corridor width 5.329 $3.000 to to N/A $3.801 to to to to to $55 Per SF (1. full height.801 Per Space (347) $125. resurface pool deck.000 Allowance $2.478 Per SF (4.000 to to to to to to $63 Per SF (4.485 to to to to to $47 Per SF (1.618 $9.203 Allowance ok not o $32 $107 $17 $91 $240. or life safety upgrades.500) $190.200) $13 $96 $60.005 to to to to to $8.600) Per Seat (80) Per SF (1. artwork.440) $144 Per SF (1.609 Per Guestroom $1.823 Per Space (350) $225.227 Per Guestroom $5.811 $26 $83 to to to to to to to to to to $30 $778 $239 $6.600) $109 Per SF (9. vanity top. vinyl wallcovering.020) $29 Per SF (3.699 Per SF (3.000 ok ok ok to to to to to to $34 Per SF (8. new pool furniture.065 to to to to to to to to to to $24 $601 $234 $5.456) $197 Per SF (1.800) $40 Per SF (1. small universal.750 Per Guestroom $10.456) $25 Per SF (2.054 Per Guestroom $21 $67 $14 $61 to to to to $34 Per SF (3. dirty towel hamper.200) Per Seat (60) not o not o $23 $30 $55 Per SF (4.560) Per Seat (175) Per SF (1.566 $1.000 Lump Sum $70 Per SF (3.280 $19.520 Per Guestroom $1. lighting. signage.483 $1.900 $31 $920 $457 $13. tub refinish.413 to to to to to $68 Per SF (3.440) $155 Per SF (1.657 $13. framed mirror.682 Per Guestroom $5.440) $47 $74 $31 $68 to to to to $71 Per SF (4. varies geographically HOTEL COST ESTIMATING GUIDE 2011 9 . Assumes treadmills.020) $232 Per SF (3.000) Per Seat (120) Per SF (1.960) $186 Per SF (3.000 ok ok $30 $92 $16 $86 $131.000 Lump Sum $12 $37 $40.450 $15 $309 $291 $5.600) $145.000) $597. Allowance only.Cost Per Key / Per Restaurant Seat / Per Square Foot Upscale ok $0 ok not o not o Upper Upscale ok $0 ok ok ok Luxury ok $0 ok ok ok $3. Includes carpet and double-stick pad. includes ADA lift 9. The guestroom component of a guest corridor occupies an area equal to the width of the guestroom.417 $2.590 Per Guestroom $6.550) $153 Per SF (2. tub diverter.440) $29 $69 $26 $66 to to to to $45 Per SF (4.000 $13 $57 $65.800) $160 Per SF (4.000) $415. Resurface pool bottom. HVAC.000 to to to to to to $48 Per SF (4. tub drain.248 Per SF (3. faucet.000 Lump Sum $27 Per SF (13.900) $115.200) Per Seat (60) Per SF (1.200) Per Seat (60) ok ok ok ok ok ok ok ok ok ok $26 $677 $179 $5. paint ceiling 2. shower valve.800) $240.800) $47 Per SF (1. painted ceiling. Includes vanity (base). towel display. varies with site 7.800) $137 Per SF (4.920) $158 Per SF (1.000 Lump Sum ok ok ok ok ok ok $26 $153 $115.031 Per Guestroom $31. small free weights.200) $56 Per SF (7.550) $236.200) $61 Per SF (7.285 Per Guestroom $4.560) Per Seat (175) Per SF (4.921 Allowance ok ok $74 $35.203 $90. nor any reconfiguration 6.096 Allowance ok ok not o ok $40 $114 $19 $99 $353. Adds stone / tile tub surround.986 Per Guestroom $2. flooring 8.550) $146 Per SF (8.579 $6.190 $60.456) $172 Per SF (1. vinyl wallcovering. furniture. Includes finishes and lighting upgrades.000 Allowance SPECIFIC NOTES 1.514 $1.200) Per Seat (125) Per SF (1.619 $716 to to to to to $6.965 Per Guestroom $28.000 to to N/A $3.000 Lump Sum not o ok ok $21 $131 $100.909 Per Guestroom $3.000 Lump Sum $40 Per SF (9.200) Per Seat (125) Per SF (3.475 $8. window treatments. sconce lighting.500) $159 Per SF (3. elliptical. no electrical.492) $130 Per SF (3.456) $24 Per SF (4.960) $255.123 Per Guestroom $20.000) Per Seat (120) Per SF (3.933 $4.

HOTEL COST ESTIMATING GUIDE 2011 ECONOMY .

15 $365.36 $261.69 $150.948.00 $173.00 $40.05 $174.00 Guest Bathroom Softgoods Renovation Artwork (installed) Plate Glass Mirror Vanity Lighting Toilet Accessories Paint Walls & Ceiling Shower Curtain & Rod Paint Door & Trim Guest Bathroom Softgoods Renovation Cost Per Key $34.67 $1.877. 30 rooms/floor Other assumptions and allowances are listed in each section below Guestroom Softgoods Renovation Assume typical guestroom area of approximately 12' wide x 19' long.02 $157.00 $993.20 $220.505.809.00 $33.50 $163.00 $3.00 $2.08 Guestroom .00 $372.05 $150.05 RANGE to to to to to to to to to to to to to $650.29 $92.53 $84.09 $36. incl.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser End Table Credenza Lounge Chair Welcome Light (in existing location) TV & Mount (32" HD LCD. programming.14 $32.76 $235. Skirt.00 $367.45 $210.253.76 $36.00 $3.00 $2.HOTEL COST ESTIMATING GUIDE 2011 12 ECONOMY Prototype Hotel: 90 guestrooms.60 $55.73 .00 $4. etc.05 $237.295.58 $460.75 $213.76 $82.33 RANGE to to to to to to to to $187.02 $333.97 AVERAGE $86. Duvet.00 $87.18 $236.86 $55. & Grilles Paint Existing Knockdown-finish Walls Paint Textured or Drywall Ceiling Window Treatments Guestroom Softgoods Renovation Cost Per Key $125.75 $492.00 $669.55 RANGE to to to to to to to to to to to $600.67 $36.32 $766.00 $450.470.26 $96.38 $2.182.90 $173.07 $113.08 $397.50 $141.73 $29.82 $299.182. 3 stories.75 $147.03 $115.49 $328.45 $96.00 $62.82 $101. Scarf.14 $83.41 $247.57 $107. Frames.99 $706.80 $215.22 $366.13 $158.25 $180.16 $101. plus 5' x 8' bathroom and 6' x 4' entry area = 292 SF Demolition Artwork & Mirrors (installed) Bedspread.57 AVERAGE $356.43 $772.07 AVERAGE $381.00 $1. allowance) Guestroom Full Renovation Cost Per Key $245.09 $103.41 $1.52 $572.32 $87.44 $189.53 $29.00 $318.30 $111.81 $94.795.00 $109.00 $826.56 $250. Carpet & Pad Carpet Base Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.00 $231.00 $189.06 $148.06 $282.81 $32.00 $1.65 $735.42 $193.83 $55. Closet Doors.

50 $586.36 $192.00 $2.00 AVERAGE $293.00 $800.00 $86.591.309.49 RANGE to to to to to to to to to to to $720.00 $146.81 AVERAGE $3.668.00 $3.03 $247.00 $504.20 13 HOTEL COST ESTIMATING GUIDE 2011 .25 $687.80 $7.13 $6.33 $22. Tub Drain Vanity Top Toilet Guest Bathroom Full Renovation Cost Per Key $250.39 $7.18 $193.00 $285.000.855.24 $139.32 $1.80 $51.81 RANGE to to to to to to to to to to to $4.936.00 $400.00 $244.00 $135.43 Guest Bathroom .00 $1.26 $47.00 $1.81 $871.00 $320.360.88 $8. 3 stories.000.00 $80. 30 rooms/floor Other assumptions and allowances are listed in each section below ECONOMY $350.28 $86.00 $8.48 $2.03 $9.190.70 $741.071.00 $631.868.Prototype Hotel: 90 guestrooms.30 $396.00 $416.45 $1.73 $12.33 $13.02 $2.98 $83.60 $110.24 $6.00 $241.624.50 $10.63 $143.00 $874.77 $42.16 $926.60 $43. 30 rooms per floor Demolition Artwork (installed) Carpet & Pad Furniture (allowance) Ice Machine Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key $3.00 $39.50 $505.26 $4.150.12 $289.56 RANGE to to to to to to to to to to to Corridors Per room with each unit 12' long by half of a 5'-wide corridor.079. 40% openings) Window Treatments Seating Groups Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $360.50 $4.00 $300.86 $49.25 $71.39 $79.49 AVERAGE $506.85 $72.98 $31.500.00 $597.59 $5.00 $9.09 $778.66 $8.30 $363.00 $116.00 $14.07 $10.00 $425.70 $321.00 $768.25 $83.83 $353.00 $700.Add for a Full Renovation Additional Demolition Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Lavatory Tile Flooring Tub Shower Valve & Head.50 $159.00 $690.00 $125.02 $840. Tub Diverter.00 $75.30 Lobby Softgoods Renovation The reception area costs and quantities are based on a 180 SF area Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".14 $105.500.00 $306.00 $34.33 $406.33 $6.75 $592.53 $83.19 $1.

492.25 $157.00 $880.00 $4.78 Public Restrooms .71 $832.00 $540.00 $12.035.00 $1.20 AVERAGE $79.99 $1.00 $210.76 $1.13 $204.22 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 80 SF restrooms Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $69.00 $2.Add for a Full Renovation RANGE Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Vinyl Flooring Vanity Top.80 $17.00 $713.12 $102.00 $540.00 $1.296.900.85 AVERAGE $520.766.000.00 $1.32 $2.04 $1.00 $180.188.00 $240.800.15 $303.50 $540.50 $12.019.00 $576.778.083.57 $13.06 $91.00 $2.00 $592.00 $1.50 $1.49 $3.620.12 $480.98 $67.50 $3.30 $121.00 $21.00 $2.322.44 $1.419. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $400.800.HOTEL COST ESTIMATING GUIDE 2011 14 ECONOMY Prototype Hotel: 90 guestrooms.31 $41.00 $720.39 $249.00 $3.82 $710.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new.00 $5.769.185.00 $209.00 $1.545.02 $192.134.16 $3.00 $702.00 $742.296.00 $500.103. 30 rooms/floor Other assumptions and allowances are listed in each section below Lobby .00 $940.00 $3.60 $110.43 $587.310.43 .00 $360.264.00 $750.53 $720.594.00 $900.500.00 $2.38 $22.319.00 $500.836.79 RANGE to to to to to to to $88.00 $300.00 $60.21 $16.050.788.50 $1.00 $16. 3 stories.750.889.00 $700.000.822.00 $8.00 $2.080.00 $4.35 to to to to to to to to to to to $640.00 $954.00 $2.00 $997.13 RANGE to to to to to to to to to to to to to $900. Faucets. in existing location) Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $540.00 $2.785.046.00 $950.38 $1.430.50 $1.66 $36.00 $1.741.03 AVERAGE $630.81 $1.00 $4.

90 $7.00 $26.62 $653. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $2.19 $1.120.178.47 $2.50 $2.09 $77.29 $19.00 $1.89 $578.00 $5.600.533.050.00 $367.00 $2.650.81 $486.200.47 Restaurant Softgoods Renovation Assume a 12-seat breakfast bar area of approximately 20' x 20' = 400 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.38 $4.525.988.Prototype Hotel: 90 guestrooms.380.85 $1.150.00 $2.200.000.00 $105.762.06 $335.650. Host Station (new.00 $5.000.00 $1.36 $2.87 $480.000.00 $475.846.50 $2.61 Bar / Lounge Softgoods Renovation Typically.200.80 $313.125.772.00 $293.600. Host Station (refinish) Acoustical Tile Ceiling (new) Paint Doors & Trim Vinyl Wallcovering (LY 54".280.00 $2.586.86 RANGE to to to to to to to to to to to to to to to $3.00 $449.00 $3.04 $408.000. hotels in this market segment do not have bar/lounge areas Kitchen Typically.00 $3.00 $1.98 $192. hotels in this market segment do not have meeting rooms 15 HOTEL COST ESTIMATING GUIDE 2011 .00 $116.00 $3. 3 stories.00 $800.50 $1.00 $300. hotels in this market segment do not have ballrooms Meeting Rooms & Prefunction Softgoods Renovation Typically.600.118.Add for a Full Renovation Additional Demolition Buffet Equipment Chairs Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.150.835.00 $2.34 AVERAGE $2.78 $459.00 $21.050.00 $729.19 $1.50 $925. a small pantry area is included in the breakfast bar costs above Ballroom & Prefunction Softgoods Renovation Typically.40 $706.00 $93.160.12 $1.00 $2.51 $64.00 $1. in existing location) Sound System Tables TV & Mount (42".00 $110.000.582. 30 rooms/floor Other assumptions and allowances are listed in each section below ECONOMY $1. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $800.513.025.00 $900.69 $13. incl.29 $65.143.00 $651.00 $30.03 $1.00 $4.72 $1.00 $1.00 $5.28 $642.200.59 $1.600. hotels in this market segment do not have kitchens.551.050.00 $2.350.86 AVERAGE $1.28 $10. programming.274.200.00 $1.00 $6.64 $5.35 $53.200.00 $1.44 RANGE to to to to to to to to to to to Restaurant .122.00 $1.

00 $4.62 Outdoor Parking Assume 100 parking spaces.000.00 $6.060.000. hotels in this market segment do not have pools Indoor Pool Typically.688.00 $1.25 $97.00 $14.11 Indoor.50 $1.952.695.412. and 25'-wide aisles Clean & Seal Asphalt Stripe Spaces Outdoor Parking Subtotal Outdoor Parking Cost Per Space $6.412.00 RANGE to to $12. hotels in this market segment do not have pools Outdoor Amenities Demolition New Patio Surfaces Outdoor Furniture (allowance) Outdoor Amenities Subtotal $1. hotels in this market segment do not have indoor parking Landscaping Landscaping Allowance Landscaping Subtotal $5.56 RANGE to to to to $8.375.62 $25.00 AVERAGE $8.60 AVERAGE $8.00 $17.00 .00 $16.HOTEL COST ESTIMATING GUIDE 2011 16 ECONOMY Outdoor Pool Prototype Hotel: 90 guestrooms.25 $1. 9' x 19'.00 $120.000.56 $19.00 $12.00 $12.375.000.711.68 AVERAGE $4.00 $3.500.000. 30 rooms/floor Other assumptions and allowances are listed in each section below Spa / Exercise Facility Softgoods Renovation Typically. there are no exercise or spa facilities in hotels of this market segment Typically.260.00 $9.68 $31.000.50 $74.00 $7.952.000.500. 3 stories.13 RANGE to to to to $10. Underground Parking Typically.000.188.320.336.375.00 $5.00 $8.800.875.

HOTEL COST ESTIMATING GUIDE 2011 EXTENDED STAY .

06 $447.55 $146.70 $119.10 $5. 4 stories.94 $161.01 .783.53 $347.00 $175.33 $735.00 $322.44 $289.00 $327. Frames.98 $38.84 $248.941.67 $215.64 $47.264.94 $124.50 $278.27 $3.59 RANGE to to to to to to to to to to to to to to $650.66 $667.11 $660.583.50 $262.00 $90. Scarf.713.00 $87.82 $38.11 $161. Skirt.00 $1.39 $164. Duvet.00 $706.81 $385.37 $292.312. allowance) Connection Device (jack pack) Guestroom Full Renovation Cost Per Key $245.00 $232.60 $99. incl.76 $113.00 $492.00 $2.38 $450.00 $766.41 $424.00 $229.83 $103.55 $385.02 RANGE to to to to to to to to to to to to to to to to to to to to to to to to to $600.04 $147.00 $263.HOTEL COST ESTIMATING GUIDE 2011 18 EXTENDED STAY Guestroom Softgoods Renovation Demolition Artwork & Mirrors (installed) Bedspread. plus 12' x 8' bathroom and 8' x 6.77 $204.00 $368.250.95 $741.38 $150.42 $79.87 $636. Closet Doors.00 $604. fabric) Welcome Light (in existing location) Fireplace Surround & Hearth (tile only) Entry Area Stone Tile Appliances TV & Mount (32" HD LCD.00 $236.57 $262.44 $2.93 $114.00 $223.47 $123.31 $93. programming.00 $545.00 $150.00 $10.80 $260. & Grilles Paint Existing Knockdown-finish Walls Paint Textured or Drywall Ceiling Vinyl Kitchen Flooring Window Treatments Prototype Hotel: 150 guestrooms.355.64 $103.00 $340.75 $288.00 $7.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser TV Chest of Drawers Desk End Table Coffee Table Dining Table Credenza Closet Shelf Unit Mini Bar (case piece only) Desk Chair Lounge Chair Dining Chair Ottoman Sleeper Sofa (incl.70 $256.00 $504.00 $247. 40 rooms/floor Other assumptions and allowances are listed in each section below Assume typical guestroom area of approximately 25' wide x 16' long.00 $131.40 $497.25 $250.50 $465.32 AVERAGE $381.50 $113.00 $554.25 $236.258.58 $102.00 $8.000.70 $347.09 $424.98 $84.69 $240.01 Guestroom Softgoods Renovation Cost Per Key Guestroom .67 $411.98 $289.67 $952.02 $1.00 $500.00 $176.44 $43.25 $815.22 $326.85 $803.84 $1. Carpet & Pad Carpet Base Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.74 $547.55 $586.56 $289.00 $71.58 $165.00 $150.18 AVERAGE $356.40 $273.44 $145.88 $78.31 $43. etc.08 $317.30 $209.15 $236.75 $306.98 $288.10 $240.02 $47.51 $240.5' kitchen area = 550 SF $125.14 $132.

00 to $191.21 $1.46 $62.33 to $11.19 $1. 4 stories.25 $12.97 $46.00 $333.00 $125.00 $13.00 $345.00 $528.11 $11.47 $181.456.00 $1.93 RANGE to to to to to to to to to to to to to $425.63 $334.800.06 $11.00 $874.00 $425.50 to $10.75 to $106.00 $13.649.63 $12.88 $133.00 $416.14 $25.89 $282.50 $592.00 $1.00 $250.00 $400.002.00 $1.41 $1.495. Tub Diverter.90 $179.49 $7.24 $139.24 $131.00 $2.50 $237.971.11 Corridors Per room with each unit 25' long by half of a 5'-wide corridor. 40 rooms per floor Demolition Artwork (installed) Carpet & Pad Ceiling Lighting Furniture (allowance) Ice Machine Millwork (allowance for elevator lobby) Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key RANGE to $10.00 $396.69 $725.71 $62.58 $125. 40 rooms/floor Other assumptions and allowances are listed in each section below EXTENDED STAY $36.00 RANGE to to to to to to to to to to to $189.37 $84.58 $186.25 $707.00 $296.98 AVERAGE $88.50 $130.00 $33.17 to $2.750.00 AVERAGE $387.00 $145.00 $4.80 $384.02 $839.00 $19.08 $926.Prototype Hotel: 150 guestrooms.22 $235.00 $46.482.01 to $5.24 to $3.00 $86.66 to $10.00 $1.360.50 $17.60 $365.00 $320.00 $3.21 to $62.60 $42.13 $320.79 $236.88 to $245.20 $125.31 $1.69 $7.75 $378.Add for a Full Renovation Additional Demolition Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Lavatory Millwork Vanity Base Tile Flooring Tub Surround Tub Shower Valve & Head.81 $27.002.00 19 HOTEL COST ESTIMATING GUIDE 2011 .33 $406.09 $973.41 $290.650.00 $400.047.82 $125.75 Guest Bathroom .35 $190.00 $241.675.03 $247.00 $34.00 $750.81 AVERAGE $2.13 $501.18 $193.00 to $13.65 $1.00 $260.54 $12.00 $13.278.092.00 $700.00 $335.71 $242.00 $820.95 Guest Bathroom Softgoods Renovation Artwork (installed) Framed Mirror Vanity Lighting Toilet Accessories Paint Walls & Ceiling Vinyl Wallcovering (LY 54") Shower Curtain & Rod Paint Door & Trim Regrout Floor Tile Regrout Wall Tile Guest Bathroom Softgoods Renovation Cost Per Key $1.48 to $38.85 $72.88 $341.50 $25. Tub Drain Vanity Top Toilet Guest Bathroom Full Renovation Cost Per Key $350.

000.600.00 $786.24 $37.500.00 $2.500. 40% openings) Window Treatments Seating Groups Prototype Hotel: 150 guestrooms.750.152.84 $4.00 $7.30 $105.87 $942.13 $6.000.01 $192.72 Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $29.00 $11.00 $500.96 $7.00 $9.558.551.13 $74.050.33 $2.937.52 $15.600.67 $16.471.00 $4.10 $853.500.900.00 $5.000.00 $72.81 $2.129.26 .09 $10.205.380.74 $299.76 $49.60 RANGE to to to to to to to to to $1.039.16 $12.00 $4.00 $5.63 $2.99 $6.00 $99.200.00 $7.66 $216.346.192.00 $999.316.480.424.00 $25.729.38 $3.07 $40.13 $3.00 $4.00 $300.000.13 $771.00 $56.00 $4.926.63 $12.41 $354.85 $10.HOTEL COST ESTIMATING GUIDE 2011 20 EXTENDED STAY Lobby Softgoods Renovation Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Millwork Screen Walls (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".00 RANGE to to to to to to to to to to to to to to $7.00 $4.00 $4.00 $110.00 $2. 40 rooms/floor Other assumptions and allowances are listed in each section below The reception area costs and quantities are based on a 1.545.94 RANGE to to to to to to to to to to to to $5.632.600.75 $71.25 $53.00 $15.050.16 $8.00 $353.800.000. 4 stories.00 $14.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new.150.75 $4.378.58 $418.00 $600.185.00 $250.77 Lobby .000.600.00 $4.09 $385.00 $1.80 $83.06 $856.00 $7.000.50 $360.500.165. in existing location) Sound System Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $4.10 AVERAGE $4.906.76 $1.74 $35.00 $1.00 $308.00 $19.082.00 $2.50 $897.81 $26.58 $6.472.63 $1.00 $7.200.60 $220.805.00 $5.349.633.000.599.00 $874.000.00 $500.19 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 480 SF restrooms Demolition of Vinyl Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $576.00 $1.45 AVERAGE $3.800.600.00 $3.69 $5.00 $750.420.400 SF area $2.733.50 $5.00 $92.753.00 $3.200.000.742.50 $4.001.00 $625.33 $20.24 $3.84 $13.11 AVERAGE $820.432.275.00 $7.

20 $4.00 $4.836.89 Public Restrooms .96 $997.680.13 $1.69 AVERAGE $3.330.200.28 $2.00 $1.000.00 $5.70 $4.00 $4.00 $8.600.434.70 Restaurant Softgoods Renovation Assume a 50-seat restaurant area of approximately 1.400.00 $1.160.91 $192.088.75 $1.598.09 $4.79 $26.00 $11.00 $3.00 $10.00 $5.81 $1.50 $2.990.12 $2.00 $7. 40 rooms/floor Other assumptions and allowances are listed in each section below EXTENDED STAY $2.05 $13.800.080.800. Host Station (new.072.050.00 $108.82 AVERAGE $9.00 $11.00 $592.800.00 $500.14 $284.92 $94.014. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $26.761.00 $1.11 $77.33 $200.Add for a Full Renovation Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Tile Flooring Tile Walls Vanity Top.13 $5.280.00 $5.43 $587. Faucets.15 $2.12 $54.741.818.420.02 RANGE to to to to to to to to to to to $5.50 $5.00 $9. incl.89 $1.36 $9.742.00 $940.40 $11.200.100.840.413.20 $58.260.00 $5. in existing location) Sound System Tables Drywall Partitions TV & Mount (42".310.258.58 $1.00 $12. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $2.00 $105.201. 4 stories.638.453.22 RANGE to to to to to to to to to to to to to to to to to to $11.Prototype Hotel: 150 guestrooms.00 $700.85 $76.73 $14.00 $50. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $7.231.700.00 $1.56 $18.538.000.750.220.487.908.200.897.00 $9.50 $377.20 $10.00 $15.00 $5.00 $4.00 $5.88 $3.28 21 HOTEL COST ESTIMATING GUIDE 2011 .00 $81.99 $3.00 $1.940.500.000.00 $7.120.52 AVERAGE $3.307.50 $36. programming.050.639.937.968.00 $5.190.52 $6.880.275.82 $4.00 $597.050.00 $9.26 $18.000.906.00 $649.00 $12.285.00 $1.00 $4.58 $10.205.200.600.800.625.Add for a Full Renovation Additional Demolition Booths Buffet Equipment Chairs Decorative Lighting / Dimming Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.060.00 $2.340.00 $4.44 $1.88 $528.00 RANGE to to to to to to to to to to to to $3.100.00 $3.551.200.814.720.50 $1.10 $1.00 $300.00 $1. Host Station (refinish) Acoustical Tile Ceiling (new) Paint Doors & Trim Vinyl Wallcovering (LY 54".000.00 $22.322.516.00 $482.00 $11.000.00 $11.050.50 $541.634.32 $7.30 $7.75 $2.156.600.619.800.590.00 $10.00 $9.711.00 $1.00 $1.275.400 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.00 $5.599.00 $7.480.00 $4.00 $131.778.94 Restaurant .00 $110.00 $7.15 $7.00 $1.00 $4.880.00 $2.648.25 $17.185.900.021.84 $978.500.37 $1.350.

855.00 $300.98 $586.520.44 RANGE to to to to to to to to to to $640.00 $23.755.00 $345.00 $21.00 $400.00 $1.224.968.637.00 $168.90 $67.819.00 $2.78 $31.00 $110.672.00 $3.074.67 $77.529.208.04 $145.00 $912.104.00 $1.31 $880.497.00 $192.91 $38.46 AVERAGE $520.00 $356.000.40 $3.00 $93.50 $2.60 $3.760.00 $5.93 $651.50 $1.676.000.58 $5.312.73 RANGE to to to to to to to to $2.380.30 .671.00 $716.91 AVERAGE $1.04 $58.66 $2.00 $2.53 $716.00 $2.75 AVERAGE $6.50 $2.50 $1.00 $4.310.156.00 $1.44 $1.00 $200.00 $564.03 $1.11 $43.36 RANGE to to to to to to to to to to to $3.257.720.657.HOTEL COST ESTIMATING GUIDE 2011 22 EXTENDED STAY Bar / Lounge Softgoods Renovation Kitchen Assume a kitchen area of approximately 80 SF Prototype Hotel: 150 guestrooms.174.00 Kitchen Equipment Equipment Allowance Kitchen Equipment Subtotal Kitchen Equipment Cost Per SF $5.500.497.834. 40 rooms/floor Other assumptions and allowances are listed in each section below Typically.500.002.21 $3.00 $62.031.46 $8.00 $500.00 $2.31 $4.81 $462. 4 stories.17 $300.10 $8.410.00 $32. hotels in this market segment do not have ballrooms Meeting Rooms & Prefunction Softgoods Renovation Assume a meeting room area of approximately 24' x 23' = 552 SF Demolition of Vinyl & Carpet Carpet & Pad Paint Doors & Trim Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Meeting Rooms & Prefunction Softgoods Renovation Subtotal Meeting Rooms & Prefunction Softgoods Renovation Cost Per SF $552.166.416.Add for a Full Renovation Additional Demolition Artwork.40 $4.30 $26.208.760.000.208.186.61 $14.62 $3.00 $5.55 Meeting Rooms & Prefunction .033.00 $950.00 $6.31 $840.00 $2.00 $1.00 $3.00 $7.945.00 $2. chair.326.00 $2.00 $2.00 $37.31 $14.50 RANGE to to to $7.656.60 $192.00 $7.656.60 $11.70 $290.00 $987.48 $1.25 AVERAGE $2.454. & base) Meeting Rooms & Prefunction Full Renovation Subtotal Meeting Rooms & Prefunction Full Renovation Cost Per SF $1.166.00 $4.00 $17. & Mirrors (installed) Acoustical Tile Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.00 $400.732.917.67 $6.904. hotels in this market segment do not have bar/lounge areas Demolition Vinyl-coated Tile Ceiling (2' x 4' tiles & new grid) Fluorescent Lighting (2' x 4') Paint Door Frames & Trim Paint Walls Quarry Tile Flooring Replace Doors Kydex-paneled Walls Kitchen Renovation Subtotal Kitchen Renovation Cost Per SF $400.359.81 $28.14 $4.08 Ballroom & Prefunction Softgoods Renovation Typically.484. Accessories.80 $110.

15 $19.500.250.045.032.00 $14.00 $100.00 $2.39 $80.150.100.89 $632.680.00 $350.07 Outdoor Pool Assume an approximately 1.998.499.19 RANGE to to to to to to to to to to to to $2. 40 rooms/floor Other assumptions and allowances are listed in each section below EXTENDED STAY RANGE to to to to to to to to to to to to to $1.218. programming.00 $415.31 $5.000.000.40 $716.00 $90.880.750 SF pool ADA Lift Pool Furniture Resurface Pool Bottom Resurface Pool Deck (Kool Deck or tile) Signage (life safety.260.680.00 $80.67 $31.00 $31.61 $11.00 $40.00 $2.00 $1.00 $60.93 AVERAGE $1.00 $840.260.00 $1.437.00 $1.00 $80.00 $36.00 $3.00 $26.81 $1.00 $300.00 $76.415.00 $324.00 $3.000.00 $1.00 $10.00 $980.00 $244.00 $100.00 $3.00 $242.00 $1.000.166.260.108.200. allowance) Water Fountain Sound System Spa / Exercise Facility Full Renovation Subtotal Spa / Exercise Facility Full Renovation Cost Per SF $1.869.00 $2.500.602.25 $350.400.17 $2.890.00 $3.00 $4.37 Spa / Exercise Facility .360.00 $1.750.925.00 $2.00 $2.811.67 $6. pool rules) Outdoor Pool Renovation Subtotal Outdoor Pool Renovation Cost Per SF $5.33 $17.00 $2.000.80 AVERAGE $6.00 $350.00 $1.18 AVERAGE $1.46 Spa / Exercise Facility Softgoods Renovation Assume a one-bay facility of approximately 420 SF Demolition of Vinyl & Carpet Artwork (installed) Clock Hamper Carpet & Pad Mirrors Paint Doors & Trim Remove & Reinstall Exercise Equipment Towel Caddy Paint Walls Window Treatments Spa / Exercise Facility Softgoods Renovation Subtotal Spa / Exercise Facility Softgoods Renovation Cost Per SF $840.02 $109.00 $7.00 $2.00 $2.000.Add for a Full Renovation Additional Demolition Acoustical Tile Ceiling (new) Exercise Equipment (installed) Electrical HVAC Life Safety Architectural Lighting TVs & Mounts (42".31 $13.166.586.27 $30. incl.31 $651.Prototype Hotel: 150 guestrooms.72 $586.00 $1.46 $8.00 $110.782.00 $144.415.100.50 $90.350.00 $3.94 RANGE to to to to to to to $7.00 $45.628.500.680.00 $1.00 $20.69 $100.000.500.00 $6.171.00 $14.53 $192.00 $950.500.520.87 $27.00 $1.00 $4.780.300.000.00 $1.00 $734.00 $12.00 $20.50 $966.613.00 $2. 4 stories.79 $90.717.00 $2.400.74 $1.78 23 HOTEL COST ESTIMATING GUIDE 2011 .600.500.00 $426.

440.76 $102. 9' x 18'.40 $9.000.00 $52.500.250.00 $377.00 $3.000.91 $3.00 $12.00 $2.437.200.146.500.00 $138.00 $383.575.16 $60.00 $250.64 $1.000.750.00 $50.600.925.166.625.40 $950.243.00 $4.000.40 $67.00 $504.50 $44.221.00 $20.343.56 $79.26 $14.00 $24.500.00 $2.450.00 $24.000.00 $3. 4 stories.000.750.00 $663. hotels in this market segment do not have indoor parking Landscaping Landscaping Allowance Landscaping Subtotal $25.00 $12.000.00 $15.13 RANGE to to to to $17.00 $8.14 $139.00 $25.37 Outdoor Amenities Demolition New Patio Surfaces Outdoor Furniture (allowance) Fire Pit (allowance) BBQ (allowance) Outdoor Lighting (allowance) Outdoor Audio System (allowance) Outdoor Amenities Subtotal $1.492.500.741.16 RANGE to to to to to to to to $8.64 $75.00 $3.750 SF pool Prototype Hotel: 150 guestrooms.67 $179.000.88 $1.00 $2.971. and 25'-wide aisles Clean & Seal Asphalt Stripe Spaces Outdoor Parking Subtotal Outdoor Parking Cost Per Space $11.500.500.00 RANGE to to $75.26 $3.00 $8.00 $75.27 RANGE to to to to to to to to to to to to to to to $7.25 $16.000.000.00 $3.240.500.00 $2.802.994.191.00 $34.00 $35.500.243.00 $500.00 $15.69 $97.33 $3.50 $22.00 $2.16 $750.250.46 AVERAGE $6.492.750.000.88 $74.00 $11.00 $3.955.000.00 $500. pool rules) Indoor Pool Renovation Subtotal Indoor Pool Renovation Cost Per SF $5.00 $1.00 $275.00 $244. Underground Parking Typically.00 $35.057.500.00 $22.00 $20.81 $482.406.741.64 AVERAGE $4.125.318.73 Outdoor Parking Assume 175 spaces.875.00 $4.67 $13.03 $25.588.772.75 $7.00 $10.662.50 $750.730.050.00 AVERAGE $50.150.00 .00 $2.44 $2.500.800.00 $20.000.60 AVERAGE $14.00 $22.00 $120.11 Indoor.HOTEL COST ESTIMATING GUIDE 2011 24 EXTENDED STAY Indoor Pool Assume an approximately 1.860.412.675.166.00 $21.105. 40 rooms/floor Other assumptions and allowances are listed in each section below ADA Lift Architectural Lighting Acoustical Tile Ceiling with Aluminum Grid (new) Paint Doors & Trim Pool Deck Tile Pool Equipment Pool Furniture Pool Pak HVAC Replace Doors (storefront) Resurface Pool Bottom Paint Walls Wall Tile Signage (life safety.

HOTEL COST ESTIMATING GUIDE 2011 MIDSCALE .

75 $92. etc.012.65 $620.71 $647.10 $310.13 $2.60 $530.33 $215.40 $1.50 $156.00 $345.06 $262.10 $114.00 $961.30 $65.67 $533.25 $378.287.41 $748. 5 stories. plus 6' x 8' bathroom and 5' x 6' entry area = 351 SF Demolition Artwork & Mirrors (installed) Bedspread.05 $135.44 $307.75 $263.00 $659.59 $346.01 $229.80 $53.00 $150.90 $315.63 .HOTEL COST ESTIMATING GUIDE 2011 26 MIDSCALE Prototype Hotel: 135 guestrooms.00 $437.48 $300. Duvet.67 $530.19 $462.83 $705.61 $126.48 $110.00 $679. fabric) Welcome Light (in existing location) TV & Mount (32" HD LCD.99 $766.38 $5.38 $150.25 $322.00 $7.65 $236.91 $103.00 $216.90 Guestroom . Carpet & Pad Carpet Base Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.90 $380.50 $207.00 $705.00 $170.00 $247.00 $205.320.13 $71. Skirt.00 $138.98 $192.75 $462.25 $75.11 $341.00 $165.374.36 $351.00 $174.19 $589.47 $58.81 $43.21 $283.00 $646. Scarf. 27 rooms/floor Other assumptions and allowances are listed in each section below Guestroom Softgoods Renovation Assume typical guestroom area of approximately 13' wide x 21'-6" long.50 $420.47 $288.80 $420.00 $186. programming.92 $84.00 $150.00 $175.90 AVERAGE $381.00 $168. allowance) Connection Device (jack pack) Guestroom Full Renovation Cost Per Key $245.96 $113.81 $129.00 $126.50 $732.61 $378.71 $375. & Grilles Paint Textured or Drywall Ceiling Vinyl Wallcovering (LY 54") Window Treatments Guestroom Softgoods Renovation Cost Per Key $125.90 $420.00 $6.00 $378.90 $735.206. incl.81 $706.15 $129.00 $330.015.00 $8.00 $588.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser TV Chest of Drawers Desk End Table Coffee Table Dining Table Credenza Closet Rack Mini Bar (case piece only) Welcome Center / Coffee Niche Desk Chair Lounge Chair Ottoman Sleeper Sofa (incl.61 RANGE to to to to to to to to to to to to to to to to to to to to to to $600.50 $292.00 $100.96 $141.60 $462.00 $680.00 $63.59 $103.00 $404.66 AVERAGE $356.25 $3.11 $48.45 $115.83 $189.00 $367. Frames.09 RANGE to to to to to to to to to to to to to $650.461.50 $191. Closet Doors.

95 $125.18 $265.198.00 $750.73 $206.750.44 $10.00 $37.00 $74.03 $247.008.20 $320.15 $62.22 $75.57 $208.51 $100. 27 rooms per floor Demolition Artwork (installed) Carpet & Pad Ceiling Lighting Furniture (allowance) Vending Area Floor Tile Ice Machine Millwork (allowance for elevator lobby) Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key $3.650.83 $13.85 $72.50 $55.Prototype Hotel: 135 guestrooms.77 $235.00 $1.18 $73.00 $874.698.00 $400.00 $345.20 $1. Tub Diverter.61 $20.00 $250.00 $1.00 $3.00 $1.19 $1.00 $3.52 AVERAGE $4.04 $24.91 $166.00 $197.00 $86.09 $973.14 $23.76 $136.18 $197. Tub Drain Vanity Top Toilet Guest Bathroom Full Renovation Cost Per Key $350.67 AVERAGE $90.38 Corridors Per room with each unit 13' long and half of a 5'-wide corridor.00 $296.21 27 HOTEL COST ESTIMATING GUIDE 2011 .00 $31.00 $425.01 RANGE to to to to to to to to to to to to Guest Bathroom .564.63 $25.047.15 $125.80 RANGE to to to to to to to to to to to to to $425.00 $17.92 $154. 27 rooms/floor Other assumptions and allowances are listed in each section below MIDSCALE $192.13 $501.00 $1.94 $81.28 $885.75 $254.00 $396.81 $7.00 $757.03 $11.21 $17.17 $12.00 $700.939.00 $13.00 $240.520.380.00 $400.24 $139.018.69 RANGE to to to to to to to to to to to to to to $4.00 $350.00 AVERAGE $387.800.33 $108.00 $307.78 $10.94 $365.81 $1.05 $22. 5 stories.Add for a Full Renovation Additional Demolition Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Lavatory Millwork Vanity Base Tile Flooring Tub Surround Tub Shower Valve & Head.75 $620.00 $1.08 $926.15 $338.00 $26.38 $182.31 $66.33 $406.31 $839.67 $156.53 Guest Bathroom Softgoods Renovation Artwork (installed) Framed Mirror Makeup Mirror Vanity Lighting Toilet Accessories Paint Walls & Ceiling Vinyl Wallcovering (LY 54") Shower Curtain & Rod Paint Door & Trim Regrout Floor Tile Regrout Wall Tile Guest Bathroom Softgoods Renovation Cost Per Key $38.00 $34.79 $122.49 $7.246.19 $22.75 $61.67 $75.19 $130.50 $320.50 $592.39 $14.00 $2.83 $282.90 $25.70 $201.360.95 $241.36 $200.00 $125.15 $195.58 $27.00 $303.00 $145.31 $2.00 $384.00 $14.56 $725.00 $241.50 $68.67 $75.76 $125.76 $117.

40% openings) Window Treatments Seating Groups Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $5.875.200.00 $839.000.00 $19.00 $1.50 $8.46 AVERAGE $7.941.257.00 $2.65 $393.393.000.861.833.50 $10.07 $2.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new.308.375.123.305.95 $17.600.38 $8.00 $233.000.60 $24.09 $2.09 $482.66 $904.00 $3.50 $13.06 $4.792.500.539.00 $4.488.73 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 480 SF restrooms Demolition of Vinyl Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $1.80 $7.233.00 $7.80 $105.50 $19.00 $8.00 $1.906.000.932.00 $50.500.00 $5.750.187.00 $11.90 $7.55 $66. in existing location) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $7.22 $6.96 RANGE to to to to to to to to to to to to $10.00 $22.00 $275.703.750.520.00 $2.500 SF area Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Millwork Screen Walls (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".192.396.720.55 RANGE to to to to to to to to to $2.49 $16.60 $440.00 $10.35 $534.28 RANGE to to to to to to to to to to to to to to to to $12.00 $4.75 $2.60 $87.00 $18.087.25 $3.25 $2.000.000.473.00 $550.000.250.11 $6.38 $23.50 $14.09 $771.88 AVERAGE $1.642.66 $216.666.25 $2.00 $750.00 $1.75 $459.22 Lobby .00 $360.250.530.38 $1.031.32 .835.654.304.500.095.152.000.00 $10.00 $500.00 $25.99 $32.00 $35.91 $3.93 $1.233.000.71 $10.500.806.350.170.67 $11.00 $2.32 $43.00 $9.990.00 $30.062.903.912.00 $76. 27 rooms/floor Other assumptions and allowances are listed in each section below The reception area costs and quantities are based on a 2.06 $2.500.00 $750.750.36 $93.78 $6.00 $15.65 $58.00 $5.500.00 $12.09 $12.01 $4.000.044.50 $4.000.00 $3.50 $34.66 $26.000.00 $8.50 $22.00 $3.00 $1.00 $4.200.00 $13.44 $2.000.56 AVERAGE $8.678.886.116.500.00 $7.000.680.00 $5.HOTEL COST ESTIMATING GUIDE 2011 28 MIDSCALE Lobby Softgoods Renovation Prototype Hotel: 135 guestrooms.823.78 $43.13 $166.00 $4.819.500. 5 stories.24 $1.000.33 $1.641.00 $108.03 $2.062.00 $6.291.500.00 $97.

750.368.00 $54.91 $320.75 AVERAGE $3.000. Host Station (new.00 $5.760.00 $2.100.56 $6.216.00 $1.00 $3.63 $1.00 $14.79 RANGE to to to to to to to to to to to to Restaurant Softgoods Renovation Assume a 50-seat restaurant area of approximately 36' x 36' = 1.12 $2.645.00 $18.000.480.400.840.72 $3.00 $5.500.00 $3.610.60 $162.44 $385.772. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $2.16 $3.598.186.353.720.184. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $2.00 $6.760.00 $3. chair.888.12 $58.00 $10.21 $6.00 $25.777.00 $28.20 $2.00 $141.516.100.207.15 $7.25 $40.00 $11.868.372.377.00 $7.256.810. Host Station (refinish) Millwork Screen Walls (refinish) Millwork Running Trim (refinish .00 $2.00 $600.800.565.00 $12.91 $2.664.82 $108.84 $4.188.00 $1.745.800.00 $4.741.00 $1.75 $4.00 $210.680.09 $5.12 $220.592.37 $229.085.00 $1.00 $746.002.880.499.00 $1.100.00 $9.00 $972.40 $9.25 $11.24 $11.55 Restaurant .80 $2.218.40 $18.stained hardwood crown.08 $5.200.00 $6.000.000.801.43 $587.08 $583.882.592.882.Prototype Hotel: 135 guestrooms.400.00 $5.88 $2.10 $4.000.817.184.400.36 $13.00 $1.00 $4.664.350.009.00 $16.00 $35.96 $1. in existing location) Millwork Running Trim (stained hardwood crown.60 $23.35 AVERAGE $3.82 $1.00 $1.567.293.20 RANGE to to to to to to to to to to to to to to to to to to to to to $10.00 $6.44 $17.480.880.00 $5.518. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $6.803.709.480.00 $9.00 $1.37 $2.120.00 $20.138.800.00 $52.456.34 $82.900.00 $7.750.191.00 $592.00 $5. programming.800.147.50 $39. 5 stories.00 $5.60 Public Restrooms . incl.00 $6. 27 rooms/floor Other assumptions and allowances are listed in each section below MIDSCALE $3.185.348.Add for a Full Renovation Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Tile Flooring Tile Walls Vanity Top.498.936.50 $3.00 $6.00 $4.00 $6.76 $30.424.00 $77.350.000.00 $4. & base) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".82 $4.100.00 $500.00 $11.538.00 $113.31 $4.826.35 $475.481.07 29 HOTEL COST ESTIMATING GUIDE 2011 .260. Faucets. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Tables Drywall Partitions TV & Mount (42".184.700.11 AVERAGE $8.277.00 $1.220.00 $9.00 $700.650.322.260.651.280.56 $351.00 $4.041.00 $14.50 $5.00 $1.99 $3.16 $3.00 $17.12 $6.00 $2.00 $5.452.47 $23.00 $12.00 $900.836.80 $5.00 $4.480.938.600.230.00 $16.34 $4.820.00 $12.00 $11. chair.304.00 $25.Add for a Full Renovation Additional Demolition Booths Buffet Equipment Chairs Decorative Lighting / Dimming Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.00 $296.368.00 $10.40 $285.296 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.584.35 RANGE to to to to to to to to to to to to to $5.026.78 $616.905.98 $3.310.00 $1.00 $5.778.

00 $756.88 $5.00 $625.00 $3. & Mirrors (installed) Bar / Back Bar (refinish) Carpet & Pad (80% of floor area) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Bar / Lounge Softgoods Renovation Subtotal Bar / Lounge Softgoods Renovation Cost Per SF Bar / Lounge Softgoods Renovation Cost Per Seat $1.00 $759.00 $208.00 $1.00 $87.625.00 $8.250.50 $197.000.40 $110.88 Bar / Lounge .20 $23.50 $3.500.543.00 $36.00 $2.28 $6.00 $8.320.69 $33.35 $273.00 $1.50 $1.440. in existing location) Bar Stools Articulated Drywall Ceiling (new) Chairs Chef's Table Chairs Chef's Tables (2) Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.51 $247.73 $16.062.304.00 $3.400.76 RANGE to to to to to to to to to to to to to to to to to to to $4.58 AVERAGE $2.59 $128.055.00 $2.880.00 $43.00 $52.400.00 $4.81 $1.326.854.00 $3.000.320.134.00 $2.210.00 $2.00 $75.240.45 $8.877.249.800.000.499.410.31 $4.825.00 $84.00 $4.969.480.00 $6. incl.20 $6.186.204.600.000.HOTEL COST ESTIMATING GUIDE 2011 30 MIDSCALE Prototype Hotel: 135 guestrooms.14 $192.320.920.193.55 $58.00 $5.625.00 $79.245.53 $333.15 $158.674.00 $7.00 $432.81 $158.720.000.00 $950.020.00 $1.42 Kitchen Assume a kitchen area of approximately 40' x 40' = 1.00 $3.490.50 $2.00 $300.208.600.00 $1.00 $4.83 $8.520.538.760.025.33 $5.63 $5.840.76 .387.00 $3.108.50 $3.40 $7. Accessories.548.293.800.89 $4.000. & base) Tables Drywall Partitions Bar / Lounge Full Renovation Subtotal Bar / Lounge Full Renovation Cost Per SF Bar / Lounge Full Renovation Cost Per Seat $2.00 $615.696.28 $11.00 $2.160.95 $6.00 $162.200.440.32 $11.42 $7.00 $4.00 $3.86 $177.00 $5. 27 rooms/floor Other assumptions and allowances are listed in each section below Bar / Lounge Softgoods Renovation Assume a 48-seat bar / lounge area of approximately 24' x 30' = 720 SF Demolition of Vinyl & Carpet Artwork.873.00 $6.080.004.00 $8.00 $2.89 RANGE to to to to to to to to to to $2.00 $2.85 $3.800.969.39 AVERAGE $3.00 $2.00 $14.00 $4.669.88 $324.41 $540.640.543.40 $22.600 SF Demolition Vinyl-coated Tile Ceiling (2' x 4' tiles & new grid) Fluorescent Lighting (2' x 4') Paint Door Frames & Trim Paint Walls Quarry Tile Flooring Replace Doors Kydex-paneled Walls Kitchen Renovation Subtotal Kitchen Renovation Cost Per SF $8.32 $225.00 $10.880.00 $2.87 $54.612.00 $3.058.851.00 $2.945.600.00 $240.920.575.00 $118. equipment.816.687.883. chair.00 $4.560.529.160.00 $300.00 $192.360.00 $110.54 RANGE to to to to to to to to to to $12.92 AVERAGE $10.320.00 $1.40 $17.85 $7.00 $688. 5 stories.Add for a Full Renovation Additional Demolition Bar / Back Bar (new.00 $989.108.50 $1.00 $34.11 $81.50 $4.00 $1.52 $7.

44 $10.319.00 $19.52 $16.00 $22.44 $10.000.00 $180.83 $4.579.87 $163.00 $44.39 $64.33 $39.00 RANGE to to $7.15 $48.090.805.638.15 $6.284.72 Meeting Room Audio / Visual Audio / Visual Allowance Meeting Room Audio / Visual Subtotal $5.142.333.000.516.00 $50.00 $239.70 $62.115.99 RANGE to to to to to to to to to to to to to $22.500.44 $14.284.stained hardwood crown.458. 5 stories. 2.973.37 $5.00 $16.25 AVERAGE $33.07 $106. Assume a prefunction area of approximately 15' x 50' = 750 SF.54 to to to to to to to to to to $14.65 $10.00 $31.00 $118.57 $2.142.997.00 $14.333.50 $15.500.426.042.000.00 $14.150.000.Add for a Full Renovation Additional Demolition Artwork.205.33 $20.285.00 $4.32 $5.105.387.13 $31.370.33 $33.707.00 $6.856.805.00 $7.964 SF total.322.00 $5.00 $11.00 $19.231.500.00 $33.932.00 $5.134.00 $5. & Mirrors (installed) Acoustical Tile Ceiling (new) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.00 $12. chair.42 $330.60 $21. hotels in this market segment do not have ballrooms Meeting Rooms & Prefunction Softgoods Renovation Assume 3 meeting rooms with areas approximately 26' x 38' each = 988 SF each.10 $900.00 $8.19 $14.495.25 $14.30 $1.621.78 $334. & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Meeting Rooms & Prefunction Softgoods Renovation Subtotal Meeting Rooms & Prefunction Softgoods Renovation Cost Per SF $3.460. 27 rooms/floor Other assumptions and allowances are listed in each section below MIDSCALE $50.00 $24.00 $42.426.00 $24.76 $33.714.441.530.50 $38.49 $10.428.650.500.943.Prototype Hotel: 135 guestrooms.159.00 $18.40 $578.000.57 AVERAGE $9.568.00 $28.00 $7. chair.200.00 $5.00 $15.83 Kitchen Equipment Equipment Allowance Kitchen Equipment Subtotal Kitchen Equipment Cost Per SF $20.39 $1.69 $28.714 SF Total RANGE Demolition of Vinyl & Carpet Carpet & Pad Paint Articulated Drywall Ceiling Paint Doors & Trim Millwork Running Trim (refinish . Accessories. & base) Millwork Serving Stations Meeting Rooms & Prefunction Full Renovation Subtotal Meeting Rooms & Prefunction Full Renovation Cost Per SF $11.284.00 31 HOTEL COST ESTIMATING GUIDE 2011 .39 AVERAGE $16.86 $557.00 $20.570. 3.72 Meeting Rooms & Prefunction .563.650.856.355.04 $1.002.00 $21.537.11 $8.00 $8.713.783.00 $15.00 $5.50 RANGE to to to Ballroom & Prefunction Softgoods Renovation Typically.00 $7.00 AVERAGE $6.742.856.800.000.800.033.

000.35 RANGE to to to to to to to to to to to to to $4.586.00 $10.368. pool rules) Outdoor Pool Renovation Subtotal Outdoor Pool Renovation Cost Per SF $5.00 $100.00 $350.00 $2.00 $6.67 $4.644.00 $2.60 $632.00 $110.925.00 $100.960.567.300.20 $50. programming.00 $7.697.000.750.00 $242.Add for a Full Renovation Additional Demolition Acoustical Tile Ceiling (new) Exercise Equipment (installed) Electrical HVAC Life Safety Architectural Lighting Millwork Lockers TVs & Mounts (42".00 $4.23 $40.606.00 $3.00 $8.421.552.500.76 Spa / Exercise Facility .368.67 $9.750 SF pool ADA Lift Pool Furniture Resurface Pool Bottom Resurface Pool Deck (Kool Deck or tile) Signage (life safety.119.00 $28.00 $1.00 $100.00 $3.00 $139.40 $2.500.500.00 $324.000.20 $1.203.00 $11.00 $2.60 $90.430.111.250.000.00 $300.912.00 $3.900.72 $755.250.276.500. incl.81 $3.327.184.60 $191.60 $6.717.44 $151.456.00 $4.00 $8.00 $16. 27 rooms/floor Other assumptions and allowances are listed in each section below Spa / Exercise Facility Softgoods Renovation Assume a two-bay facility of approximately 26' x 28' = 728 SF Demolition of Vinyl & Carpet Artwork (installed) Clock Hamper Hard Surface Flooring Sport Flooring Mirrors Paint Doors & Trim Remove & Reinstall Exercise Equipment Towel Caddy Paint Walls Window Treatments $1.166.00 $3.938.37 RANGE to to to to to to to $7.00 $2.20 $25.400.00 $1.261.00 $14.31 $838.000.500.00 $12.000.72 $31.912.00 $3.00 $426.00 $6.00 $6.95 Spa / Exercise Facility Softgoods Renovation Subtotal Spa / Exercise Facility Softgoods Renovation Cost Per SF $18.880.00 $2.551.184.633.00 $2.88 Outdoor Pool Assume an approximately 1.184.67 $33.350.736.650.000.00 $1.00 $100.37 AVERAGE $6.00 $77.00 $2.500.00 $100.00 $2.000.HOTEL COST ESTIMATING GUIDE 2011 32 MIDSCALE Prototype Hotel: 135 guestrooms.552.60 to to $29.20 $106.35 .827.00 $2.62 $100.000.150.600.80 $23.98 $100.00 $6.00 $10.705.00 $4.00 $3. 5 stories.00 $22.00 $1.20 $6.912.06 RANGE to to to to to to to to to to to to $2.416.932.00 $4.777.00 $39.30 $100.40 $922.186.27 $71.50 $350.33 $19.00 $2.85 AVERAGE $2.00 $5. allowance) Water Fountain Sound System Spa / Exercise Facility Full Renovation Subtotal Spa / Exercise Facility Full Renovation Cost Per SF $2.295.000.00 $4.00 $2.00 $110.29 AVERAGE $3.00 $3.640.00 $2.00 $100.53 $192.666.61 $6.331.00 $350.858.00 $8.456.

00 $109.00 33 HOTEL COST ESTIMATING GUIDE 2011 .000.75 $1.00 $33.00 $20.13 RANGE to to to to $15.00 $4.310.00 $20.662.96 Indoor Pool Assume an approximately 1.00 $34.450.75 $74.33 $10.500.625.03 $25.000.500.00 $4.250.00 $252.062.000.000.00 $504.750 SF pool ADA Lift Architectural Lighting Acoustical Tile Ceiling with Aluminum Grid (new) Paint Doors & Trim Pool Deck Tile Pool Equipment Pool Furniture Pool Pak HVAC Replace Doors (storefront) Resurface Pool Bottom Paint Walls Wall Tile Signage (life safety.20 AVERAGE $4.000.00 $20.00 $10.26 $14.00 AVERAGE $40.50 $14.50 $92.118.20 $83.500.80 $2.11 Indoor.00 $25.282.562.000.800.618.00 $76.00 $14.500.390.000.36 $106.982.125.000.88 $97.212.00 $146.375.00 $11.175.500.91 $3.416.253.000.00 $275.750.00 $2.925.00 $33.21 AVERAGE $6.00 RANGE to to $55.67 $13.00 $22.000.00 $2.00 $1. Underground Parking Typically.000.090.675.772.560.38 $2.20 $75.67 $187.00 $3. pool rules) Indoor Pool Renovation Subtotal Indoor Pool Renovation Cost Per SF $5.566.678.75 $7.500.00 $67.00 $120.00 $3.00 $35.250.00 $55.00 $30.00 $10.00 $17. hotels in this market segment do not have indoor parking Landscaping Landscaping Allowance Landscaping Subtotal $25.00 $27.500.00 $3. 27 rooms/floor Other assumptions and allowances are listed in each section below MIDSCALE $7.00 $250.860.000.00 $2.57 RANGE to to to to to to to to to to to to to to to Outdoor Amenities Demolition New Patio Surfaces Outdoor Furniture (allowance) Fire Pit (allowance) BBQ (allowance) Outdoor Lighting (allowance) Patio Landscaping (allowance) Outdoor Audio System (allowance) Outdoor Amenities Subtotal $1.343.240.802.282.40 $9.00 $15.700.00 $15.50 $750.81 $482.00 Outdoor Parking Assume 150 spaces.26 $3.440.504.70 $144.000.00 $27.00 $2.00 $40. and 25'-wide aisles Clean & Seal Asphalt Stripe Spaces Outdoor Parking Subtotal Outdoor Parking Cost Per Space $9.00 $18.253.000.80 RANGE to to to to to to to to to $8.875.000.67 $383.00 $377.00 $2. 9' x 18'.00 $11.000.50 $30.00 $25.000.000.60 AVERAGE $12.310.166.500.241.00 $3.750.20 $3.00 $500.80 $60.00 $8.600.666.Prototype Hotel: 135 guestrooms.00 $663.00 $2. 5 stories.000.000.750.00 $2.00 $30.186.500.

HOTEL COST ESTIMATING GUIDE 2011 UPSCALE .

00 $178.95 $138.00 $365.34 $91.22 $235.16 $733.00 $69.50 $320.95 $78.00 $307.95 $568.76 $866.000.56 $100.00 $607.22 $82.76 $1.62 $405.582.00 $175.00 $3.36 $378.67 $715.56 $511. programming.72 $669.00 $8.83 RANGE to to to to to to to to to to to to to to $201.38 $150.41 $418.70 $691.00 $300.HOTEL COST ESTIMATING GUIDE 2011 36 UPSCALE Prototype Hotel: 304 guestrooms.00 $6.96 $438.17 $282.01 $840. plus 6' x 8' bathroom and 5' x 6' entry area = 391 SF RANGE Demolition Artwork & Mirrors (installed) Bedspread.14 $146. Skirt.00 $462.87 $377.81 $143.35 $625.35 $165.95 $735. Scarf.00 $4.00 $9.674.75 $260.31 $2.00 $1.09 $736.63 $286.00 $240. Frames.88 $234.750.50 $1.00 $3. incl.00 $150.45 $496.932.514. Duvet.77 AVERAGE $484.95 $523.00 $878.85 $576.67 $23.24 $523.137.00 $384.00 $10.00 $195.95 $460.83 $775.474.32 $471.58 Guest Bathroom Softgoods Renovation Artwork (installed) Framed Mirror Makeup Mirror Vanity Lighting Night Light Toilet Accessories Towel Caddy Paint Walls & Ceiling Vinyl Wallcovering (LY 54") Shower Curtain & Rod Paint Door & Trim Regrout Floor Tile Regrout Wall Tile Guest Bathroom Softgoods Renovation Cost Per Key $45.727.75 $168.00 $125.35 $994.00 $400.81 $219.56 $706.106.00 $110. Carpet & Pad Carpet Base Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.20 $343.25 $86.57 .53 to to to to to to to to to to to to to $650.27 $236.76 $74.56 $813.30 $404.00 $150.31 RANGE to to to to to to to to to to to to to to to to to to to to to to $1.16 $205.734.35 $766.83 $212. fabric) Welcome Light (in existing location) TV & Mount (32" HD LCD.75 $121.00 $728.25 $189.00 $750.78 $576.32 $471.00 $600.76 $136.33 $215.25 $79.51 $757. Closet Doors.50 $218.45 $367.18 $420.50 $135.70 $125.92 $209.59 Guestroom . etc.95 $903.25 $148. 9 stories (8 with guestrooms).00 $165.26 $621.21 $284.75 $155.99 $288.908.16 $576.75 $65. & Grilles Paint Textured or Drywall Ceiling Vinyl Wallcovering (LY 54") Window Treatments Guestroom Softgoods Renovation Cost Per Key $125.78 $47.35 $602.00 $17.05 $262.24 $787.47 $252.72 $708.17 $668.66 $70.00 $247.00 $250.68 $137.08 $756.15 $205.00 $214.45 $125. 38 rooms/floor Other assumptions and allowances are listed in each section below Guestroom Softgoods Renovation Assume typical guestroom area of approximately 13' wide x 24' long.25 $323.72 $762.00 $192.00 $175.25 $72.05 $523.00 $238.16 $924.73 $227.83 $198.35 AVERAGE $356.61 $330.50 $178.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser TV Chest of Drawers Desk End Table Coffee Table Dining Table Credenza Closet Rack Mini Bar (case piece only) Welcome Center / Coffee Niche Desk Chair Lounge Chair Ottoman Sleeper Sofa (incl.52 AVERAGE $98. allowance) Connection Device (jack pack) Guestroom Full Renovation Cost Per Key $245.21 $125.50 $802.06 $471.00 $31.

00 $34.15 $14.027.00 $4.099.57 $34.327.00 $750.00 $1.20 $1.800.00 $12.85 $72.968.88 $43.00 $14. 38 rooms/floor Other assumptions and allowances are listed in each section below UPSCALE $450.95 $20. 9 stories (8 with guestrooms).558.00 $768.96 $964.06 $106.92 $4.00 $1.Add for a Full Renovation Additional Demolition Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Lavatory Millwork Vanity Base Tile Flooring Tub Surround Tub Shower Valve & Head. 40% openings) Window Treatments Seating Groups Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $6.00 $84.51 $210.95 $1.95 $39.12 RANGE to to to to to to to to to to to to to to $3.50 $592.57 $38.500.42 $30.25 $9.64 RANGE to to to to to to to to to to to to $13.20 $91.833.500.77 AVERAGE $2.13 $501.33 $406. Tub Diverter.49 $7.000.33 Guest Bathroom .75 $16.36 AVERAGE $9.00 $345.00 $7.00 $1.29 $275.08 $9.38 $375.32 $186.00 $757.27 $78.00 $2.707.734.00 $202.609.90 $12.86 Lobby Softgoods Renovation The reception area costs and quantities are based on a 3.500.00 $24.618.84 $78.008.76 $235.968.00 $425.492 SF area Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Millwork Screen Walls (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".984.00 $145.500.968. 38 rooms per floor Demolition Artwork (installed) Carpet & Pad Ceiling Lighting Furniture (allowance) Vending Area Floor Tile Ice Machine Millwork (allowance for elevator lobby) Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key $2.00 $375.73 $66.01 $10.00 $241.00 $545.95 $10.34 37 HOTEL COST ESTIMATING GUIDE 2011 .012.094.47 $24.00 $125.08 $12.32 $928.453.500.00 $874.000.23 $926.978.619.03 $14.44 $118.821.58 $16.00 AVERAGE $412.00 $1.00 $136.380.00 $396.72 $6.00 $15.48 $72.075.00 $2.39 $14.500.19 $1.00 $7.53 $7.064.00 $11.360.85 $9.00 $1.80 RANGE to to to to to to to to to to to to to Corridors Per room with each unit 13' long and half of a 5'-wide corridor.284.56 $11.29 $47.18 $130.85 $20.00 $296.750.42 $78.24 $379.920.24 $550.12 $20.83 $7.00 $3.500.30 $26.574.09 $973.00 $22.00 $839.00 $2.828.92 $119.00 $150.15 $135.68 $158.26 $48.56 $1.Prototype Hotel: 304 guestrooms.17 $10.00 $700.40 $2.24 $59.090.00 $20.00 $11. Tub Drain Vanity Top Toilet Guest Bathroom Full Renovation Cost Per Key $375.559.066.03 $461.06 $4.68 $716.18 $72.

50 $139.40 $41.446.277.75 $4.00 $54.00 $14. 9 stories (8 with guestrooms).216.930.00 $11.Add for a Full Renovation Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Tile Flooring Tile Walls Vanity Top. in existing location) Millwork Running Trim (stained hardwood crown.391.00 $11.00 $12.531.174.20 AVERAGE $9.460.84 $96.416.24 $8.437.240.607.400.00 $11.040.00 $5.400. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $10.50 $338.222.00 $8.80 $26.800.00 $87.88 $6.00 $32.00 $2.00 $4.00 $38.27 $1.00 $11.HOTEL COST ESTIMATING GUIDE 2011 38 UPSCALE Prototype Hotel: 304 guestrooms.500.61 .520.200.144.462.700.29 $2.862.22 Public Restrooms .04 $14.666.677.071.00 $15.000.15 $27.47 $12.32 AVERAGE $12.456.00 $10.00 $23.00 $21.500.600.36 $60.00 $3.00 $5.96 $36.476.00 $17.20 RANGE to to to to to to to to to to to to to to to to to $17.00 $4.99 $6.100.688.446.943.20 $11.00 $144.50 $8.635.00 $747.00 $1.00 $24.00 $92.76 $37.123.00 $20.00 $120.00 $4.00 $49.80 $660.231.428.916.124.15 $19.50 $4.00 $5.00 $21.904.40 $20.00 $17.360.24 $48.508.28 $31.00 $15.83 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 1.75 $3.437.05 $32.476.458.900.460.50 $27.055.298.000.224.88 $130.098.780.440 SF restrooms Demolition of Vinyl Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $1. Faucets.200.95 RANGE to to to to to to to to to to to to $11.000.541.00 $3.125.400.00 $4.000.080.840.25 $9.00 $12.768.00 $1.00 $6.000.200.58 $67.97 $9.00 $316.68 $10.00 $1.00 $4.00 $455.06 $3.50 $32.00 $10.00 $15.400.00 $234.00 $3.00 $207.652.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new.456. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $7.40 $5.444.30 $96.000.114.50 $6.89 $5.789.000.00 $5.00 $75.126.40 $908.300.75 $648.728.780.968.26 RANGE to to to to to to to to to $3.600.00 $41.00 $7. chair.240.000.830.000.888.00 $66.00 $11.165.00 $7.646.00 $6.080. 38 rooms/floor Other assumptions and allowances are listed in each section below Lobby .404.00 $20.00 $14.412.125.00 $38.301.68 AVERAGE $2.952.00 $12.00 $15.091.640.762.000.36 $8.231.000.80 $16.

00 $27.80 $6.00 $702.86 $10.00 $2.900.00 $3.251.065.50 $7.00 $2.24 $18.920.00 $5.500.00 $60.90 AVERAGE $8.558.546.00 $3.889.24 $18.108.00 $27.07 RANGE to to to to to to to to to to to to to to to to to to to to to $24.00 $1.00 $17.30 $192.09 RANGE to to to to to to to to to to to to to Restaurant .00 $54.32 Bar / Lounge Softgoods Renovation Assume an 80-seat bar / lounge area of approximately 40' x 40' = 1.000.87 $17.000.82 $376.000.472.00 $9.078. programming.280.689.680.700.00 $81.535.00 $2.125.334.960.400.600.118.56 $656.000.00 $63.100.000.296.400.36 $14.69 $13.89 $15.250.300.111.80 $7.00 $33.000.00 $4.000 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.100.955.437.800.97 $19.45 $13.600.750. & Mirrors (installed) Bar / Back Bar (refinish) Carpet & Pad (80% of floor area) Millwork Running Trim (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Bar / Lounge Softgoods Renovation Subtotal Bar / Lounge Softgoods Renovation Cost Per SF Bar / Lounge Softgoods Renovation Cost Per Seat $3.395.525.000.00 $41.00 $2.742.81 $3.500.135.600.00 $18.00 $1.730.690.800.25 $1.85 $22.000.00 $2.600.950. Host Station (new.37 $4.00 $45.489. incl.00 $12.00 $42.93 $1.75 $29.00 $1.000. & base) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".43 $27.100.375.854.818.00 $72.00 $110.12 $3.00 $900. chair.562. 9 stories (8 with guestrooms).00 $22.000. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $6.00 $960.52 $173.50 $24.649.380.13 $3.367.00 $3.630.67 $2.00 $39.10 $282.00 $352.65 $2.23 $18.539.18 $5.474. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Tables Drywall Partitions TV & Mount (42".15 $14.145.45 $9.356.00 $17.00 $27.37 $24.040.00 $6.385.200.50 $14.018. 38 rooms/floor Other assumptions and allowances are listed in each section below UPSCALE $12.53 $480.000.00 $6.04 $600.00 $12.63 $212.000.500.00 $51.00 $720.347.00 $6.000.007.00 $97.50 $1.59 $16.000.350.740. Host Station (refinish) Millwork Screen Walls (refinish) Millwork Running Trim (refinish .000.00 $10.931.000.03 39 HOTEL COST ESTIMATING GUIDE 2011 .416. chair.00 $33.00 $7.200.693.00 $4.98 $2.000.250. Accessories.000.00 $450.600 SF Demolition of Vinyl & Carpet Artwork.00 $62.982.100.550.100.00 $300.510.50 $3.Prototype Hotel: 304 guestrooms.00 $2.800.39 AVERAGE $4.195.00 $22.00 $68.47 AVERAGE $19.571.00 $21.955.587.stained hardwood crown.Add for a Full Renovation Additional Demolition Booths Buffet Equipment Chairs Decorative Lighting / Dimming Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.00 $8.00 $118.00 $520.801.00 $900.00 $15.00 $660.600.00 $48.000.63 $44.19 $328.00 $57.95 $234.60 RANGE to to to to to to to to to to to $6.00 $33.00 $1.83 $11.25 $2. in existing location) Millwork Running Trim (stained hardwood crown.00 $4.00 $33.00 $24.084.00 $55.00 $10.91 Restaurant Softgoods Renovation Assume a 120-seat restaurant area of approximately 50' x 60' = 3. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $15.00 $10.00 $3.00 $369.00 $9.790.350.541.24 $30.55 $5.40 $1.08 $377.80 $123.

00 $200.800.00 $408.687.00 $37.00 $4.00 $3.06 $5.40 $22.08 RANGE to to to to to to to to to to to $34.64 AVERAGE $27.396.091.00 $4. including banquet prep Demolition Vinyl-coated Tile Ceiling (2' x 4' tiles & new grid) Fluorescent Lighting (2' x 4') Paint Door Frames & Trim Paint Walls Quarry Tile Flooring Replace Doors Kydex-paneled Walls Kitchen Renovation Subtotal Kitchen Renovation Cost Per SF $21.000.71 $53.00 $111.00 $3.300.00 $7.00 $35.200.500.HOTEL COST ESTIMATING GUIDE 2011 40 UPSCALE Prototype Hotel: 304 guestrooms.00 $1.00 $640.200.914.000.00 $33.800.278.906.220.000.70 $87.00 $137.666.132.10 $203.588.611.67 $166.25 $15.00 $6.800.460.600.00 $289.00 $8.500.864.00 $15.500.67 $14.00 $10.100.726.610.006.000.30 AVERAGE $7. equipment.436.655.Add for a Full Renovation Additional Demolition Bar / Back Bar (new.054.164.75 $17.820.03 $64.420.37 $120.000.500.377.00 $44.166.500.25 $312.00 $499.62 AVERAGE $166.67 $39.88 $23.200. incl.500.165.52 $5.245.225.75 $15.200.75 $63.00 $21.63 $19.68 Ballroom & Prefunction Softgoods Renovation Assume a ballroom area of approximately 75' x 114' = 8.38 $6.248.00 $5.281.00 $2.000.478.00 $4.00 $3.500.836.00 $168.00 $21.16 $5.00 $12.666.040.00 $29.000.67 $50.93 $1.23 $6.000. chair.200.600.750.31 $9.27 $33.35 $3.000.00 $192.00 $5.000.00 $229.550 SF with 3 divisions Demolition of Vinyl & Carpet Paint Articulated Drywall Ceiling Acoustical Tile Ceiling Carpet & Pad Paint Doors & Trim Millwork Running Trim (refinish .357.051.600.00 $31.00 $30. & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Ballroom & Prefunction Softgoods Renovation Subtotal Ballroom & Prefunction Softgoods Renovation Cost Per SF $17.800.200.00 $4.120.stained hardwood crown.64 $4.00 $17.555.00 $4.100.88 $17.26 $4.59 $255.00 $550.88 AVERAGE $23.00 $8.00 $5.00 $13.562.06 $257.614.06 $13.207.000.600.200 SF.00 $6.00 $338.695.989.14 $6.65 RANGE to to to to to to to to to to $33.967.630.536. in existing location) Bar Stools Booths Articulated Drywall Ceiling (new) Chairs Chef's Table Chairs Chef's Tables (2) Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.75 $43.00 $11.000.219.544.200.00 $8.303.00 $140.14 $3.488.00 $1.44 $19. 38 rooms/floor Other assumptions and allowances are listed in each section below Bar / Lounge . chair.53 $142.00 $5.000.00 $47.660.00 $125.15 $1. & base) Sound System Tables Drywall Partitions Bar / Lounge Full Renovation Subtotal Bar / Lounge Full Renovation Cost Per SF Bar / Lounge Full Renovation Cost Per Seat $4.000.00 $22.00 $54.103.120.08 $62.626.00 $120.878.00 $14.00 $95.200.800.065.93 $21.00 $52.726.00 $127.720.00 $7.43 $21.00 $325.00 $90.590.00 $1.300.120.285.24 RANGE to to to to to to to to to to to to to to to to to to to to to $9.000.500.00 $14.846.82 Kitchen Equipment Equipment Allowance Kitchen Equipment Subtotal Kitchen Equipment Cost Per SF $125.00 $19.00 $11.29 Kitchen Assume a kitchen area of approximately 60' x 70' = 4.600.00 $3.264.40 $8.670.00 $9.00 $23.652.54 $7.00 $14.76 .42 $6. 9 stories (8 with guestrooms).90 $16.000.520.101.000.40 $46.00 $18.00 $9.76 RANGE to to to $200.98 $33.63 $12.000.00 $964.00 $5.600.266.00 $13.00 $14.

000.989. incl.53 $51.700.59 $917.000.00 $83.00 $949.000.036.00 $152.00 $13. Assume a prefunction area of approximately 960 SF.58 $152.213.14 $33.00 $23.610.087.430. 9 stories (8 with guestrooms).62 RANGE to to to to to to to to to to $55.00 $89.00 $30.00 $73.000.428.30 $132.952.820.500.50 $59.00 $59.00 $145.125.00 $12.225.00 $69.000.06 $259.00 $48.00 $21.86 $68.00 $49.02 $111.00 $81.49 $278.43 $81.900.00 AVERAGE $107.00 $103.00 $13. Meeting Rooms) Tables (72" rounds.67 $20.00 $104. installed) Banquet Chairs (incl.024. chair.000.000.050.500.916.793.313.300.Add for a Full Renovation Additional Demolition Artwork.00 $70. manual) Portable Bars (6) Tables (14" x 72".850. & base) Millwork Serving Stations Meeting Rooms & Prefunction Full Renovation Subtotal Meeting Rooms & Prefunction Full Renovation Cost Per SF $41.00 $168.67 $107.600.604.78 $86.000.889.00 $94. Meeting Rooms) Acoustical Tile Ceiling Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.90 $374.40 $1.33 $23.318.850.300.64 Ballroom & Prefunction .750.060.444. & Mirrors (installed) Acoustical Tile Ceiling (new) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown. Accessories.00 $153.28 $2.33 $24.031.00 $94.771.900.200.000.52 $3.000.74 $161.775.400.00 $508. incl.67 Meeting Rooms & Prefunction Softgoods Renovation Assume 6 meeting rooms with areas approximately 20' x 25' each = 500 SF each.00 $14.488.685.900.625.320.400.00 $39.127.922.406.stained hardwood crown.26 $26.955. 3.00 $817.967.906.250.25 $79.970.708.000.000.264.00 $160.720.163.500.43 $24.500.00 $5.34 AVERAGE $62.Prototype Hotel: 304 guestrooms.480.850.00 $102.00 $13.00 $25.00 $1.600.869.00 $42.610.87 $59.338.61 RANGE to to to to to to to to to to to to to to to to to to Ballroom Audio / Visual Audio / Visual Allowance Ballroom Audio / Visual Subtotal $60.00 $15. & Mirrors (allowance.478.21 $53.050.302.00 $166.00 $97.31 $36.75 $8.77 $72.00 $60.000.07 Meeting Rooms & Prefunction .000.50 $128.00 $12.875.60 $5.219.00 $5.00 $8.90 41 HOTEL COST ESTIMATING GUIDE 2011 .150.550. & base) Millwork Serving Stations Operable Walls (new.000.00 $35.00 $59.477.575.00 $18.371.000.Add for a Full Renovation Additional Demolition Artwork.97 AVERAGE $31.00 $60. Meeting Rooms) Ballroom & Prefunction Full Renovation Subtotal Ballroom & Prefunction Full Renovation Cost Per SF $42.810.30 $20.300.812. & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Meeting Rooms & Prefunction Softgoods Renovation Subtotal Meeting Rooms & Prefunction Softgoods Renovation Cost Per SF $13.74 $146.00 $51.000.00 $37.81 $95.00 $28.57 RANGE to to to to to to to to to to to to to $83.00 $7.00 $26.00 $68.00 $7.00 $749.00 $18.75 $36.034.36 $17.800.877.000 SF total.155.50 $3.07 $1.82 $237. 3.020.916.00 $110.00 $48.00 $1.460.623.000.655.400.400.00 $4.960 SF Total Demolition of Vinyl & Carpet Carpet & Pad Paint Articulated Drywall Ceiling Paint Doors & Trim Millwork Running Trim (refinish .650.250.00 $41.150.444.050.00 $94.11 AVERAGE $55.249.950.017.700.750.00 $38.575.00 $27.00 $12.58 $22. chair.33 $132. 38 rooms/floor Other assumptions and allowances are listed in each section below UPSCALE $68.50 $26.62 $11.99 $297.700.00 $17.00 $120.00 $14.00 $115. chair.65 $6.500.025.614.43 $14.00 $69.00 $34. Accessories.50 $9.925.00 RANGE to to $160.

000.521.000.30 $43.00 $6.55 $88. 38 rooms/floor Other assumptions and allowances are listed in each section below $40.00 $300.00 $8.84 $1.500.00 $20.00 $3.97 AVERAGE $4.000. pool rules) Outdoor Pool Renovation Subtotal Outdoor Pool Renovation Cost Per SF $5.67 Spa / Exercise Facility Softgoods Renovation Assume a four-bay facility of approximately 28' x 52' = 1.00 RANGE to to $115.000.368.000.20 $500.08 RANGE to to to to to to to to to to to to to to $5.050.00 $16.417.402.40 $91.20 $125.40 $23.891.40 $60.26 $68.00 $9.736.00 $10.000.35 $632.00 $6.53 AVERAGE $6.640.00 $300.00 $4.00 $300.00 $300.00 $4.87 $1.222.550 SF pool ADA Lift Pool Furniture Resurface Pool Bottom Resurface Pool Deck (Kool Deck or tile) Signage (life safety.00 $8.00 $189.00 $5.00 $4.22 $30.00 $4.00 $350.104.88 $130.832.194.500.00 $4.35 .250.333.500.00 $300.000.314.500.400.000.000.394.291.284.602.370.980.86 AVERAGE $10.00 $8.00 $51.736.00 $15.920.67 $20.79 RANGE to to to to to to to to to to to to to $13.00 $4.472.865.00 $62.291.824.00 $41.000.500.000.00 $4.48 Outdoor Pool Assume an approximately 2.000.07 $750.78 $52.00 $5.500.00 $6.500.00 $25.75 $46.663.00 $5.00 $7.790.166.22 $23.00 $15.00 $1.HOTEL COST ESTIMATING GUIDE 2011 42 UPSCALE Meeting Room Audio / Visual Audio / Visual Allowance Prototype Hotel: 304 guestrooms. programming.468.00 $300.000.00 $350.00 $3.33 $13.075.00 $250.554.456 SF Demolition of Vinyl & Carpet Artwork (installed) Clock Hamper Hard Surface Flooring Sport Flooring Mirrors Paint Doors & Trim Remove & Reinstall Exercise Equipment Towel Caddy Vinyl Wallcovering (LY 54") Window Treatments Spa / Exercise Facility Softgoods Renovation Subtotal Spa / Exercise Facility Softgoods Renovation Cost Per SF $2.00 $4.00 $133.46 $1.00 AVERAGE $77.725.Add for a Full Renovation Additional Demolition Acoustical Tile Ceiling (new) Exercise Equipment (installed) Electrical HVAC Life Safety Architectural Lighting Millwork Lockers TVs & Mounts (42". allowance) Water Fountain Sound System Spa / Exercise Facility Full Renovation Subtotal Spa / Exercise Facility Full Renovation Cost Per SF $8.00 $12.648.20 $171.500.000.00 $11.20 $23.00 Meeting Room Audio / Visual Subtotal $40.07 Spa / Exercise Facility .284.00 $110.00 $17.67 $20.00 $16.33 $250.00 $300.67 $77.00 $2.591.00 $14.00 $13.00 $4.00 $5.920.00 $24.00 $13. 9 stories (8 with guestrooms).00 $16.800.00 $350.497.400.395.550.00 $8.549.586.00 $3.81 $3.016.35 $1.288.000.00 $17.35 $2.00 $115.368.912.280.00 $3. incl.233.551.880.016.00 $35.000.00 $27.284.36 $36.00 $6.000.24 RANGE to to to to to to to $7.192.53 $192.406.

196.500.928.60 AVERAGE $40.00 $36.750.75 $4.00 $5.748.36 $85.00 $24.Prototype Hotel: 304 guestrooms.00 $12.36 $9. 9' x 19'.256.00 $198.00 $41.687.40 AVERAGE $9.50 $47.625.00 $41.00 $52.00 $421.00 $2.500.00 $330.00 $5.000.00 $236.500.00 $42.500.00 $58.024.682.903.00 $16.250.00 $22.000.500.18 $6.00 $38.000.500.500.50 $11.000.125.800.13 RANGE to to to to $49.40 $112.00 $36.166.00 $34.00 $8. pool rules) Indoor Pool Renovation Subtotal Indoor Pool Renovation Cost Per SF $5.50 $38.99 RANGE to to to to to to to to to to to to to to to to Outdoor Amenities Demolition New Patio Surfaces Outdoor Furniture (allowance) Fire Pit (allowance) BBQ (allowance) Outdoor Lighting (allowance) Patio Landscaping (allowance) Water Feature (allowance) Outdoor Audio System (allowance) Outdoor Amenities Subtotal $6.000.60 $4.000.587.094.00 $4.000. 38 rooms/floor Other assumptions and allowances are listed in each section below UPSCALE $7.20 $14.00 $34.00 $389.50 $6.000.33 $15.23 $20.903.200.500.484.91 AVERAGE $6.046.00 $30.300.500. Underground Parking Typically.81 $578.00 $50.000.00 $15.00 $60.369.00 RANGE to to $75.00 $3.44 $30.00 $6.863.00 $15. hotels in this market segment do not have indoor parking Landscaping Landscaping Allowance Landscaping Subtotal $35.00 $289.00 $41.203.60 RANGE to to to to to to to to to to $15.094.937.00 $5.550 SF pool ADA Lift Architectural Lighting Acoustical Tile Ceiling with Aluminum Grid (new) Paint Doors & Trim Pool Deck Tile Pool Equipment Pool Furniture Pool Pak HVAC Replace Doors (storefront) Resurface Pool Bottom Paint Walls Wall Tile Decorative Water Feature (allowance) Signage (life safety.10 $152.000.284.75 $74.000.333.40 $7.00 $30.00 $15.075.164.00 $4.00 $52.000.6 spaces per room to accommodate meeting attendance) Clean & Seal Asphalt Stripe Spaces Outdoor Parking Subtotal Outdoor Parking Cost Per Space $31.76 $113.33 $4.729.00 $4.500.010.00 43 HOTEL COST ESTIMATING GUIDE 2011 .00 $4.500.000.000.60 $120.00 $12.000.76 $6.000.60 $90.822.000.333.00 $131.00 $28.00 $239.750.00 $5.000.00 $219.000.50 $900.250.67 $23.00 $35.611.500.264.273.11 Indoor.000.750. 9 stories (8 with guestrooms).000.284.68 $97.000.514.000.00 $24.00 $25.00 $75.355.63 Indoor Pool Assume an approximately 2.500.00 $35.860.67 Outdoor Parking Assume 486 spaces.76 $20.00 $320.767.000.00 $101.00 $4.050. and 25' wide aisles (1.00 $6.00 $48.000.60 $8.00 AVERAGE $52.

HOTEL COST ESTIMATING GUIDE 2011 UPPER UPSCALE .

allowance) Connection Device (jack pack) Guestroom Full Renovation Cost Per Key $245.96 . incl.97 $1.33 $215.48 $787. etc.030.75 $103.00 $1.25 $1.122.Live / Potted Crown Molding Wall Base TV & Mount (32" HD LCD.00 $300.052.00 $1.00 $8. Scarf.58 $1.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser TV Chest of Drawers Desk End Table Coffee Table Dining Table Credenza Closet Rack Mini Bar (case piece only) Welcome Center / Coffee Niche Desk Chair Lounge Chair Dining Chair Ottoman Sleeper Sofa (incl.50 $606.00 $1. Skirt.05 $115.00 $420.25 $500.00 $1.08 $1.68 $1.99 $525.732.324.68 $271. plus 8' x 8' bathroom and 6' x 8' entry area = 484 SF $125.126.00 $404.50 $328.00 $774.50 $363.90 $115.50 $1.50 $472. Carpet & Pad Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.13 $450.90 $708.00 $525.78 $219.50 $283.532.00 $110.76 $843.95 $94.00 $965.50 $577.470.50 $462.00 $1.25 $606.50 $105. fabric) Welcome Light (in existing location) Plant . Duvet.00 $21.13 $661.412.44 $341.76 $1.000.23 $866.138. & Grilles Paint Textured or Drywall Ceiling Vinyl Wallcovering (LY 54") Window Treatments Prototype Hotel: 192 guestrooms.88 $866.00 $1.83 $298.00 $89.00 $551.00 $306.50 $496.00 $300.00 $4.334.00 $300. 7 stories (6 with guestrooms).89 $787.18 $279.25 AVERAGE $356.00 $669.26 $729.13 $100. Frames. programming. 25 suites.01 $127.265.391.62 RANGE to to to to to to to to to to to to to to to to to to to to to to to to to to $1.73 $193.43 $1.25 $246.00 $6.00 $269.00 $2.657.096.00 $257.75 $496.00 $1.00 $803.40 $1.00 $16.134.00 $1.00 $134.89 $577.50 $378.09 $472.00 $724.00 $175.417.575.50 $1.50 $551.00 $708.83 $1.HOTEL COST ESTIMATING GUIDE 2011 46 UPPER UPSCALE Guestroom Softgoods Renovation Demolition Artwork & Mirrors (installed) Bedspread.38 $808.25 $1.73 $310.457. Closet Doors.020.75 $300.00 $192.83 $736.25 $138.25 $206.386.38 $165.416.50 AVERAGE $525.73 $708.250.75 $1.00 $247.67 $852.83 $222.00 $2.300.00 $13.25 $735.260.81 $183.025.087.38 $550.11 RANGE to to to to to to to to to to to to $650.00 $160.75 $918.50 $231.227. 41 bays/floor Other assumptions and allowances are listed in each section below Assume typical guestroom area of approximately 15' wide x 24' long.87 Guestroom Softgoods Renovation Cost Per Key Guestroom .50 $444.951.

00 AVERAGE $462.13 $404.90 $1.00 $5. Tub Diverter.482.33 $406. 41 bays/floor Other assumptions and allowances are listed in each section below UPPER UPSCALE $79.29 $48.54 Guest Bathroom Softgoods Renovation Artwork (installed) Lighted Mirror Makeup Mirror Vanity Lighting Night Light Toilet Accessories Towel Caddy Paint Walls & Ceiling Vinyl Wallcovering (LY 54") Shower Curtain & Rod Paint Door & Trim Regrout Floor Tile Regrout Wall Tile Guest Bathroom Softgoods Renovation Cost Per Key $2.800.17 $282. incl.50 $235.00 $874.11 AVERAGE $136.00 $1.22 $1.00 $250.79 $237. 7 stories (6 with guestrooms).00 $400.38 $501.60 $592.55 $208.00 $435.85 $85.36 $15.54 $33.00 $2.00 $241.00 RANGE to to to to to to to to to to to to to to $242.76 $9.00 $512.346.55 $20. 41 rooms per floor Demolition Artwork (installed) Carpet & Pad Ceiling Lighting Furniture (allowance) Vending Area Floor Tile Ice Machine Millwork (allowance for elevator lobby) Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key $3.50 $460.21 $425.00 $6. programming.00 $250.56 $316.00 $345.49 $122.48 $379.58 $15.52 $801.68 $8.78 RANGE to to to to to to to to to to to to to to $4.00 $41.92 $47.50 $198.00 $68.68 $18.25 $110.682.37 $29.06 $17.10 $125.31 $158.200.00 $296.00 $285.96 $174.85 $142.520.09 $242.68 $191.66 $54.93 $1.31 $205.00 $700.42 $660.00 $410.09 $220.63 $1. allowance) Toilet Guest Bathroom Full Renovation Cost Per Key $425.268.19 AVERAGE $3.004.00 $145.37 $17.37 $9.00 $320.00 $20.00 $3.00 $545.60 $441.123.70 $374.31 47 HOTEL COST ESTIMATING GUIDE 2011 .00 $150.075.00 $102.99 $20.31 $3.70 $374.09 $973.21 Guest Bathroom .14 $175.919. 25 suites.73 $85.00 $462. 1 door) Lavatory Millwork Vanity Base Tile Flooring Tub Surround Tub Shower Valve & Head.00 $365.00 $750.00 $1.00 $396. Tub Drain Vanity Top TV & Mount (17" HD LCD.030.00 $450.00 $200.06 $461.19 $1.50 $1.00 $128.00 $850.22 $235.13 $302.29 $1.64 $302.28 Corridors Per room with each unit 15' long and half of a 6'-wide corridor.59 $11.00 $1.85 $144.27 $33.500.23 $926.39 $53.83 $596.80 $405.750.49 $11.020.579.75 $410.66 $85.02 $59.500.00 $320.00 $1.00 $125.17 $229.00 $2.00 $200.Add for a Full Renovation Additional Demolition Architectural Lighting Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Glass Shower Enclosure (2 panels.00 $31.00 $330.00 $23.55 $135.944.29 $260.00 $110.682.69 RANGE to to to to to to to to to to to to to to to to $500.00 $375.152.Prototype Hotel: 192 guestrooms.67 $839.90 $125.360.00 $3.90 $163.

790.022.176.02 $40.73 .739.77 $38.80 $660.02 $31.440 SF restrooms Demolition of Vinyl Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $1.00 $5.00 $6.59 Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $137.51 $17.32 $6.313.29 $29.20 AVERAGE $2.360.500.784.728.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new.28 $44. 40% openings) Window Treatments Seating Groups Prototype Hotel: 192 guestrooms.00 $5.00 $24.40 $1.30 $44.HOTEL COST ESTIMATING GUIDE 2011 48 UPPER UPSCALE Lobby Softgoods Renovation Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Millwork Screen Walls (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".00 $36.10 $15.160. chair.00 $6.000.462.091.00 $38.983.00 $14.825.00 $10.937.26 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 1.400.00 $15.666.500.00 $15.00 $67.00 $175.220.00 $2.000.40 $5.75 $648.670.00 $18.94 $25.93 AVERAGE $13.00 $21.00 $550.430.61 $4.15 $45.70 $68.00 $32.956.00 $27.000.00 $316.00 $1.00 $16.646.487.17 $215.389. 25 suites.800.88 $9.930.000.888.165.800.056. 7 stories (6 with guestrooms).57 $6.76 $25.000.000.822. 41 bays/floor Other assumptions and allowances are listed in each section below The reception area costs and quantities are based on a 4.36 $137.070.000.452.456.00 $33.00 $659.00 $16.400.55 $52.00 $1.181.00 $6.000.00 $1.00 $2.600.00 $38.00 $44.00 $16.156.21 $31.53 $9.000.90 $964.000.45 $63.672.142.060.00 $13.00 $120.134.47 $13.000.800.00 $11.094.687.50 $476.00 $27.098.00 $49.27 $1.993.00 $57.942.000.06 $5.00 $22.00 $25.600.640.00 $4.541.000.800.00 $100. in existing location) Millwork Running Trim (stained hardwood crown.600.50 $9.98 $28.800.00 $57.125.535.868.600.60 RANGE to to to to to to to to to $3.000.00 $1.759.63 $35.00 $3.000.00 $17.056.00 $3.110.000.800 SF area $9.00 $28.56 RANGE to to to to to to to to to to to to to to to to to $24.00 $57.000.602.00 $1.375.15 $20.400.88 $171.72 $23.500.080.00 $24.400.56 RANGE to to to to to to to to to to to to $19.33 $9.800.000.000.87 $20.00 $12.43 AVERAGE $16.00 $23.70 $50.317.00 $329.00 $5.595.808.641.29 $14.405.017.400. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $14.83 $52.584.600.50 $58.200.000.00 $1.00 $20.90 $99.00 $35.455.14 $21.00 $30.75 Lobby .

75 $3.355.900.04 $2.160.00 $7.600.388. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $27.000. 7 stories (6 with guestrooms).158.985.145.00 RANGE to to to to to to to to to to to to $11.780.878.200.040.00 $3.97 $9.85 $68.48 $4.573.614.00 $5.50 $747.896. Host Station (new.183.00 $7. 41 bays/floor Other assumptions and allowances are listed in each section below UPPER UPSCALE $7.127.600.814.520.200.00 $23.54 AVERAGE $9.947. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $13.600.000.87 Public Restrooms .952.310.stained hardwood crown.88 $75.600.53 $132.000.910.00 $64.800.094.449. chair.700.00 $23.558.400.00 $14. in existing location) Millwork Running Trim (stained hardwood crown.833.00 $2.00 $1.48 AVERAGE $18.000.00 $5.57 $35.00 $52.800.016.010.00 $7. Faucets.000.880.600.400.00 $50.420.25 $53.720.500.13 $90.29 $3.00 $2.00 $15.79 RANGE to to to to to to to to to to to to to to to to to to to to to $45.00 $64.00 $4.22 RANGE to to to to to to to to to to to to to $45.71 Restaurant .750.00 $66.00 $6.169.00 $125.00 $66.00 $11.228.00 $14.800.07 $4.00 $64.920.000.089.20 $93.200.41 $239.00 $1.44 $2. Host Station (refinish) Millwork Screen Walls (refinish) Millwork Running Trim (refinish .00 $5.Add for a Full Renovation Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Tile Flooring Tile Walls Vanity Top. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Tables Drywall Partitions TV & Mount (42".573.84 $27.907.52 $136.52 $102.233.00 $47.968.00 $61.610.671.100.400.222.528.00 $822.50 $148.00 $146.000.49 AVERAGE $33.240.463.400.680.50 $19.640.052.00 $36.42 $12.20 $550.935.03 $16.86 $1.560 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.937.916.508.00 $16.000.94 $100.57 $3.57 $22.00 $222.510.701.50 $27.00 $60.09 $2.480.00 $3.590.68 $1.100.000.00 $54.00 $141.00 $41.18 $20.00 $15.50 $3.08 $45.88 $778.334.65 $20.930.224.93 $180.664.768.00 $11.221.00 $1.20 $24.000.404.39 $3. & base) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".20 $8.778.00 $13.100.00 $3.00 $3.00 $41.487.00 $160.360.08 $30.Prototype Hotel: 192 guestrooms.00 $3.00 $76.00 $154.313.00 $6.00 $9.29 $39.03 $6.29 $5.258.00 $41. incl. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $95.Add for a Full Renovation Additional Demolition Booths Buffet Equipment Chairs Decorative Lighting / Dimming Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.666.00 $50.360.792.36 $8.50 $34.556.000.00 $603.702.862.874.040.43 $29. programming.00 $8.100. 25 suites.83 $15.500.00 $41.20 $1.39 $25.592.00 $72.713.000.00 $26.00 $28.25 $22.240.240.66 $434.00 $22.00 $6.04 Restaurant Softgoods Renovation Assume a 175-seat restaurant area of approximately 60' x 76' = 4.003.400.00 $14.988. chair.31 $81.05 $42.534.139.840.00 $31.200.082.15 $45.776.00 $16.98 $6.00 $5.00 $7.00 $2.47 $12.400.975.00 $5.600.36 $66.00 $55.72 49 HOTEL COST ESTIMATING GUIDE 2011 .

HOTEL COST ESTIMATING GUIDE 2011
50

UPPER UPSCALE
Bar / Lounge Softgoods Renovation
Demolition of Vinyl & Carpet Artwork, Accessories, & Mirrors (installed) Bar / Back Bar (refinish) Carpet & Pad (80% of floor area) Millwork Running Trim (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54")

Prototype Hotel: 192 guestrooms, 25 suites, 7 stories (6 with guestrooms), 41 bays/floor
Other assumptions and allowances are listed in each section below

Assume a 60-seat bar / lounge area of approximately 30' x 40' = 1,200 SF

$2,400.00 $6,855.00 $1,250.00 $4,577.07 $840.00 $264.00 $110.00 $2,262.40 Bar / Lounge Softgoods Renovation Subtotal Bar / Lounge Softgoods Renovation Cost Per SF Bar / Lounge Softgoods Renovation Cost Per Seat $18,558.47 $15.47 $309.31

RANGE to to to to to to to to to to to

$4,800.00 $8,415.00 $2,500.00 $6,894.93 $2,100.00 $900.00 $300.00 $4,114.86 $30,024.79 $25.02 $500.41

AVERAGE $3,375.00 $7,642.50 $1,937.50 $5,415.33 $1,470.00 $540.23 $192.81 $3,096.14 $23,669.51 $19.72 $394.49

Bar / Lounge - Add for a Full Renovation
Additional Demolition Bar / Back Bar (new, incl. equipment, in existing location) Bar Stools Booths Articulated Drywall Ceiling (new) Chairs Chef's Table Chairs Chef's Tables (2) Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown, chair, & base) Sound System Tables Drywall Partitions Bar / Lounge Full Renovation Subtotal Bar / Lounge Full Renovation Cost Per SF Bar / Lounge Full Renovation Cost Per Seat $3,600.00 $150,000.00 $8,400.00 $37,260.00 $4,166.58 $8,859.38 $6,425.64 $5,000.00 $21,339.90 $9,600.00 $3,840.00 $7,200.00 $3,600.00 $6,000.00 $840.00 $13,500.00 $3,016.44 $56,000.00 $348,647.94 $290.54 $5,810.80 RANGE to to to to to to to to to to to to to to to to to to to to to $7,200.00 $175,000.00 $10,200.00 $55,800.00 $16,989.00 $10,828.13 $7,853.56 $7,000.00 $25,082.10 $13,200.00 $11,040.00 $14,400.00 $8,400.00 $14,400.00 $2,100.00 $20,500.00 $3,686.76 $105,000.00 $508,679.55 $423.90 $8,477.99 AVERAGE $5,400.00 $159,375.00 $9,200.00 $48,270.00 $9,375.70 $9,843.75 $7,139.60 $6,000.00 $23,211.00 $11,400.00 $6,900.68 $12,600.00 $5,250.00 $12,450.00 $1,470.00 $17,000.00 $3,351.60 $76,317.50 $424,554.82 $353.80 $7,075.91

Kitchen
Assume a kitchen area of approximately 7,200 SF, including banquet prep

Demolition Vinyl-coated Tile Ceiling (2' x 4' tiles & new grid) Fluorescent Lighting (2' x 4') Paint Door Frames & Trim Paint Walls Quarry Tile Flooring Replace Doors Kydex-paneled Walls Kitchen Renovation Subtotal Kitchen Renovation Cost Per SF

$36,000.00 $15,120.00 $43,200.00 $770.00 $254.56 $79,200.00 $6,650.00 $4,128.00 $185,322.56 $25.74

RANGE to to to to to to to to to to

$57,600.00 $64,440.00 $64,800.00 $2,100.00 $447.20 $154,800.00 $44,282.00 $17,888.00 $406,357.20 $56.44

AVERAGE $46,800.00 $32,103.00 $54,000.00 $1,349.69 $340.13 $106,742.25 $13,617.15 $10,040.21 $264,992.43 $36.80

Prototype Hotel: 192 guestrooms, 25 suites, 7 stories (6 with guestrooms), 41 bays/floor
Other assumptions and allowances are listed in each section below

UPPER UPSCALE
RANGE to to to $900,000.00 $900,000.00 $125.00 AVERAGE $750,000.00 $750,000.00 $104.17

Kitchen Equipment
Equipment Allowance Kitchen Equipment Subtotal Kitchen Equipment Cost Per SF $600,000.00 $600,000.00 $83.33

Ballroom & Prefunction Softgoods Renovation
Assume a ballroom area of approximately 50' x 90' = 4,500 SF with 3 divisions

Demolition of Vinyl & Carpet Paint Articulated Drywall Ceiling Carpet & Pad Paint Doors & Trim Millwork Running Trim (refinish - stained hardwood crown, chair, & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Ballroom & Prefunction Softgoods Renovation Subtotal Ballroom & Prefunction Softgoods Renovation Cost Per SF

$9,000.00 $3,150.00 $23,595.00 $1,100.00 $13,622.40 $12,500.00 $18,558.76 $14,165.55 $95,691.71 $21.26

RANGE to to to to to to to to to to

$18,000.00 $5,400.00 $34,460.00 $3,000.00 $43,200.00 $20,000.00 $76,706.78 $17,313.45 $218,080.23 $48.46

AVERAGE $12,214.29 $4,275.00 $27,657.86 $1,846.43 $26,810.40 $16,250.00 $30,655.60 $15,739.50 $135,449.07 $30.10

Ballroom & Prefunction - Add for a Full Renovation
Additional Demolition Artwork, Accessories, & Mirrors (allowance, installed) Banquet Chairs (incl. Meeting Rooms) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown, chair, & base) Millwork Serving Stations Operable Walls (new, manual) Portable Bars (6) Tables (14" x 72", incl. Meeting Rooms) Tables (72" rounds, incl. Meeting Rooms) Ballroom & Prefunction Full Renovation Subtotal Ballroom & Prefunction Full Renovation Cost Per SF $22,500.00 $4,965.00 $54,000.00 $6,249.87 $236,000.00 $36,000.00 $27,000.00 $13,500.00 $45,000.00 $4,960.00 $30,000.00 $63,000.00 $13,500.00 $21,600.00 $11,250.00 $589,524.87 $131.01 RANGE to to to to to to to to to to to to to to to to to $36,000.00 $8,975.00 $75,000.00 $25,483.50 $267,200.00 $49,500.00 $54,000.00 $31,500.00 $54,000.00 $12,400.00 $48,000.00 $78,869.70 $13,500.00 $26,400.00 $13,750.00 $794,578.20 $176.57 AVERAGE $29,250.00 $6,478.33 $65,000.00 $14,272.62 $251,600.00 $42,750.00 $47,250.00 $19,687.50 $50,625.00 $8,680.00 $39,000.00 $70,373.94 $13,500.00 $24,000.00 $12,500.00 $694,967.40 $154.44

Ballroom Audio / Visual RANGE
Audio / Visual Allowance Ballroom Audio / Visual Subtotal $100,000.00 $100,000.00 to to $190,000.00 $190,000.00

AVERAGE
$148,333.33 $148,333.33

51

HOTEL COST ESTIMATING GUIDE 2011

HOTEL COST ESTIMATING GUIDE 2011
52

UPPER UPSCALE

Prototype Hotel: 192 guestrooms, 25 suites, 7 stories (6 with guestrooms), 41 bays/floor
Other assumptions and allowances are listed in each section below

Meeting Rooms & Prefunction Softgoods Renovation
Assume 7 meeting rooms with areas approximately 30' x 40' each = 1,200 SF each; 8,400 SF total. Assume a prefunction area of approximately 1,200 SF. 9,600 SF Total

Demolition of Vinyl & Carpet Carpet & Pad Paint Articulated Drywall Ceiling Paint Doors & Trim Millwork Running Trim (refinish - stained hardwood crown, chair, & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Meeting Rooms & Prefunction Softgoods Renovation Subtotal Meeting Rooms & Prefunction Softgoods Renovation Cost Per SF

$9,600.00 $50,336.00 $844.80 $1,155.00 $13,811.60 $5,000.00 $20,181.55 $24,081.44 $125,010.38 $13.02

RANGE to to to to to to to to to to

$38,400.00 $73,514.67 $2,880.00 $3,150.00 $43,800.00 $70,000.00 $120,144.85 $29,432.87 $381,322.39 $39.72

AVERAGE $24,000.00 $58,718.67 $1,728.72 $2,024.53 $27,182.77 $22,250.00 $46,560.45 $26,757.15 $209,222.28 $21.79

Meeting Rooms & Prefunction - Add for a Full Renovation
RANGE Additional Demolition Artwork, Accessories, & Mirrors (installed) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown, chair, & base) Millwork Serving Stations Operable Walls (new, manual) Meeting Rooms & Prefunction Full Renovation Subtotal Meeting Rooms & Prefunction Full Renovation Cost Per SF $28,800.00 $22,342.50 $13,333.06 $64,026.62 $76,800.00 $57,600.00 $28,800.00 $48,000.00 $24,480.00 $98,000.00 $88,200.00 $550,382.18 $57.33 to to to to to to to to to to to to to $57,600.00 $27,472.50 $54,364.80 $105,476.98 $105,600.00 $115,200.00 $67,200.00 $115,200.00 $61,200.00 $140,000.00 $201,600.00 $1,050,914.28 $109.47 AVERAGE $43,200.00 $24,941.25 $31,238.23 $79,064.30 $91,200.00 $100,800.00 $42,000.00 $99,600.00 $42,840.00 $119,000.00 $127,995.68 $801,879.46 $83.53

Meeting Room Audio / Visual
Audio / Visual Allowance Meeting Room Audio / Visual Subtotal $65,000.00 $65,000.00 RANGE to to $145,000.00 $145,000.00 AVERAGE $107,291.67 $107,291.67

Spa / Exercise Facility Softgoods Renovation
Assume a four-bay facility of approximately 28' x 52' = 1,456 SF

Demolition of Vinyl & Carpet Artwork (installed) Clock Hamper Hard Surface Flooring Sport Flooring Mirrors Paint Drywall Ceiling Paint Doors & Trim Remove & Reinstall Exercise Equipment Towel Caddy Vinyl Wallcovering (LY 54") Window Treatments Spa / Exercise Facility Softgoods Renovation Subtotal Spa / Exercise Facility Softgoods Renovation Cost Per SF

$2,912.00 $5,169.33 $250.00 $400.00 $6,406.40 $23,284.35 $1,706.40 $320.32 $110.00 $2,500.00 $400.00 $2,230.59 $1,416.56 $47,105.95 $32.35

RANGE to to to to to to to to to to to to to to to

$5,824.00 $7,190.07 $750.00 $400.00 $13,395.20 $24,449.15 $7,776.00 $1,092.00 $300.00 $4,000.00 $400.00 $13,279.17 $1,731.35 $80,586.94 $55.35

AVERAGE $4,368.00 $6,032.20 $500.00 $400.00 $8,591.22 $23,672.62 $4,283.64 $655.47 $192.81 $3,250.00 $400.00 $5,146.16 $1,573.95 $59,066.07 $40.57

Prototype Hotel: 192 guestrooms, 25 suites, 7 stories (6 with guestrooms), 41 bays/floor
Other assumptions and allowances are listed in each section below

UPPER UPSCALE
$10,192.00 $1,747.20 $80,000.00 $11,648.00 $8,736.00 $4,368.00 $7,280.00 $20,000.00 $6,294.00 $450.00 $5,500.00 RANGE to to to to to to to to to to to to to $14,560.00 $13,631.80 $150,000.00 $16,016.00 $17,472.00 $10,192.00 $17,472.00 $35,000.00 $6,474.00 $450.00 $5,500.00 $286,767.80 $196.96 AVERAGE $12,376.00 $6,411.86 $106,666.67 $13,832.00 $15,288.00 $6,370.00 $15,106.00 $27,500.00 $6,391.50 $450.00 $5,500.00 $215,892.03 $148.28

Spa / Exercise Facility - Add for a Full Renovation
Additional Demolition Articulated Drywall Ceiling (new) Exercise Equipment (installed) Electrical HVAC Life Safety Architectural Lighting Millwork Lockers TVs & Mounts (42", incl. programming, allowance) Water Fountain Sound System Spa / Exercise Facility Full Renovation Subtotal Spa / Exercise Facility Full Renovation Cost Per SF

$156,215.20 $107.29

Outdoor Pool
Assume an approximately 4,000 SF pool

ADA Lift Pool Furniture Resurface Pool Bottom Resurface Pool Deck (Kool Deck or tile) Signage (life safety, pool rules) Outdoor Pool Renovation Subtotal Outdoor Pool Renovation Cost Per SF

$5,000.00 $30,000.00 $5,000.00 $24,000.00 $4,500.00 $68,500.00 $17.13

RANGE to to to to to to to

$7,500.00 $40,000.00 $8,000.00 $33,000.00 $6,000.00 $94,500.00 $23.63

AVERAGE $6,166.67 $35,000.00 $6,500.00 $28,500.00 $5,166.67 $81,333.33 $20.33

Indoor Pool
Assume an approximately 3,000 SF pool

RANGE
ADA Lift Architectural Lighting Drywall Ceiling (new, from scaffolding) Paint Doors & Trim Pool Deck Tile Pool Equipment Pool Furniture Pool Pak HVAC Replace Doors (storefront) Resurface Pool Bottom Paint Walls Wall Tile Decorative Water Feature (allowance) Signage (life safety, pool rules) Indoor Pool Renovation Subtotal Indoor Pool Renovation Cost Per SF $5,000.00 $15,000.00 $18,000.00 $385.00 $32,000.00 $12,500.00 $45,426.15 $108,000.00 $4,500.00 $5,000.00 $266.40 $6,960.00 $15,000.00 $4,500.00 $272,537.55 $90.85 to to to to to to to to to to to to to to to to $7,500.00 $36,000.00 $27,000.00 $1,050.00 $53,000.00 $30,000.00 $55,520.85 $135,000.00 $63,000.00 $8,000.00 $468.00 $15,840.00 $25,000.00 $6,000.00 $463,378.85 $154.46

AVERAGE
$6,166.67 $31,125.00 $22,500.00 $674.84 $39,650.63 $20,937.50 $50,473.50 $121,500.00 $20,025.00 $6,500.00 $355.95 $10,051.95 $20,000.00 $5,166.67 $355,127.70 $118.38

53

HOTEL COST ESTIMATING GUIDE 2011

00 $45.00 .15 $8.000.00 $76.375.500.00 $114.06 Outdoor Parking Typically. Underground Parking Concrete Sealer & Traffic-bearing Membrane Lighting Upgrades Paint Floors.319.00 $60.000.00 $20.25 $1.00 $6.000.771.000.00 Outdoor Amenities Subtotal $240.00 $30.85 $14.000.HOTEL COST ESTIMATING GUIDE 2011 54 UPPER UPSCALE Outdoor Amenities Demolition New Patio Surfaces Outdoor Furniture (allowance) Fire Pit (allowance) BBQ (allowance) Outdoor Lighting (allowance) Patio Landscaping (allowance) Water Feature (allowance) Outdoor Audio System (allowance) Prototype Hotel: 192 guestrooms.00 $125.016.470.500.250.520.000.759.00 $60.000.000.00 $63.005.75 $445. Underground Parking Cost Per Space $222.00 $20.00 $415.50 $10. hotels in this market segment do not have outdoor parking Indoor.63 $578.05 $2.989.00 AVERAGE $87.00 $50.50 $89.190.000.077. etc.937.00 $760.00 $88.473.535.989.00 $87.000.000.75 $2.85 AVERAGE $9. 25 suites. Underground Parking Subtotal Indoor.095.000.500.33 $20.037.38 AVERAGE $333.000.50 $712.770.00 $100.50 $317.027.235.075.027.15 RANGE to to to to to to to to to to $15.500.246.000.13 $3.00 $5.000.50 $3.00 $6.43 $4.000.00 $155.00 $2.25 RANGE to to to to to to $445.426.000.00 $1.157.00 RANGE to to $125. 41 bays/floor Other assumptions and allowances are listed in each section below $6.801.00 $15.513.00 $75.63 $6.044.400.15 Landscaping Landscaping Allowance Landscaping Subtotal $60.06 $50.500. Stripe Spaces Indoor. Columns.801.666.75 $120.00 $55.750.67 $4.333. 7 stories (6 with guestrooms).

HOTEL COST ESTIMATING GUIDE 2011 LUXURY .

00 $1.51 $1.58 $892.54 $2.141. Duvet. incl.03 $1.64 $599.00 $90. allowance) Connection Device (jack pack) Guestroom Full Renovation Cost Per Key $245.76 $1.94 $600.13 $1. fabric) Welcome Light (in existing location) Plant .00 $950.72 $241.304.00 $397.00 $307.91 $665.118.046.Add for a Full Renovation Casegoods Installation Bedsets Headboards Nightstands (2) Dresser TV Chest of Drawers Desk End Table Coffee Table Dining Table Credenza Closet Rack Mini Bar (case piece only) Welcome Center / Coffee Niche Desk Chair Lounge Chair Dining Chair Ottoman Sleeper Sofa (incl.67 $267.60 $1.93 $365.00 $1.00 $732.016.00 $175.50 $3.00 $187.52 $115.385.00 $300.90 AVERAGE $356.40 .455.20 $976.64 $276.901.00 $855.63 $220. Closet Doors.00 $1.63 $184.00 $1.85 $550.57 $1.119.00 $2.00 $19.590.394.82 $1.055.844.00 $1.74 $1.29 $850.00 $31.94 $900.00 $24.760.90 $1.20 $330.00 $225.26 $1.50 $1.211.530.00 $1.67 $536.470.09 $559.00 $1.00 $324.00 $750.64 $855.00 $950.141.030.21 $150.173.290.50 $1.13 $1. Carpet & Pad Desk Lamp Floor Lamp Nightstand or Bracket Lamp (2) Paint Entry Doors.68 $210.309.82 $1.64 $887. Skirt.09 $1.808.33 $361.00 $239. 6 stories (5 with guestrooms).092.267.89 $125.00 $2.HOTEL COST ESTIMATING GUIDE 2011 56 LUXURY Prototype Hotel: 200 guestrooms. 46 bays/floor Other assumptions and allowances are listed in each section below Guestroom Softgoods Renovation Assume typical guestroom area of approximately 15' wide x 24' long. & Grilles Paint Textured or Drywall Ceiling Vinyl Wallcovering (LY 54") Window Treatments Guestroom Softgoods Renovation Cost Per Key $125.00 $300.82 $599. Scarf.08 $798.67 $684.42 $266.26 $385.90 $9.00 $1.96 $328.75 $300.30 $2.600.158.70 RANGE to to to to to to to to to to to to $650.788.66 $138.800.15 AVERAGE $729.680.01 $1.20 $225.00 $302.88 $488. etc.82 $950.33 $140.353.08 $200.279.70 $1.593. programming.13 $717.50 $2.88 $1.58 $1.00 $1.165.328.06 $401.20 $176.449.711.93 $1.267.Live / Potted Crown Molding Wall Base Entry Area Stone Tile TV & Mount (32" HD LCD.00 $1.00 $292.046.532.325.062. 20 suites.58 RANGE to to to to to to to to to to to to to to to to to to to to to to to to to to to $1.89 $600.88 $621.03 $650.00 $871.10 $5.00 $732.20 $966.412.67 $1. Frames.91 $1.00 $1.00 $6.478.394.439.09 $439.32 $595. plus 10' x 10' (5-fixture) bathroom and 5' x 10' entry area = 510 SF Demolition Artwork & Mirrors (installed) Bedspread.82 $665.12 Guestroom .

46 bays/floor Other assumptions and allowances are listed in each section below LUXURY $540.28 $275.72 $379.72 $2.26 AVERAGE $322.66 $812.800.167.200.27 $232.67 $92.98 $16.00 $375.86 $242. programming.617.00 $49.Add for a Full Renovation Additional Demolition Architectural Lighting Replace Bathroom Door & Hardware Electrical Upgrades (GFI) Faucet Glass Shower Enclosure (2 panels.29 $1.84 $190.83 $660.42 $345.00 $174.35 $847.90 $183.400.86 Corridors Per room with each unit 15' long and half of a 6'-wide corridor.020.00 $3. incl.00 $874. Tub Drain Vanity Top TV & Mount (17" HD LCD.00 $350.59 $250.66 $1.00 $460.00 $349.00 $550.300. 20 suites.565.852.00 $250.054. 1 door) Lavatory Millwork Vanity Base Tile Flooring Tub Surround Tub Shower Valve & Head.00 $500.00 $482.95 $139.97 $47. allowance) Toilet Guest Bathroom Full Renovation Cost Per Key $450.586.40 $10.720.11 $31.12 $250.00 $1.09 $263.84 $42. 38 rooms per floor Demolition Artwork (installed) Carpet & Pad Ceiling Lighting Furniture (allowance) Vending Area Floor Tile Ice Machine Millwork (allowance for elevator lobby) Paint Ceiling Sconces Signage (room numbers) Vinyl Wallcovering (LY 54") Window Treatments Corridors Renovation Cost Per Key $3.00 $296.00 $1.41 $20.58 $33.74 $13.09 $461.Prototype Hotel: 200 guestrooms.63 $20.74 $236.00 $375.00 $4.06 $15.00 $118.500.00 $2.00 $37.00 $690.800.69 $5.65 $263.85 $216.44 $492.00 $102.365.00 $500.63 $235.55 $225.75 $404.00 $6.93 RANGE to to to to to to to to to to to to to to to to $550.00 $322.75 $434.00 $4.27 AVERAGE $3.68 RANGE to to to to to to to to to to to to to to Guest Bathroom .22 $235.00 $3.965.95 $637.11 $92.00 AVERAGE $490.00 $1.96 $17.94 RANGE to to to to to to to to to to to to to to $4.33 $839.38 $1.17 $309.25 $252.11 $19.00 $435.00 $28.00 $706.346.21 $425.00 $65.05 $92.999.50 $211.600. 6 stories (5 with guestrooms).34 $153.00 $300.00 $525.500.00 $1.00 $792.15 $18.105.276.27 $171.00 $462.99 57 HOTEL COST ESTIMATING GUIDE 2011 .00 $880.00 $545.59 $1.00 $5.00 $140.47 $205.47 $121.55 $124.500.07 $405.81 $289.60 $592.00 $2.11 $10.00 $800.00 $640.52 $1.00 $9.35 $250.53 $9.11 $411.002.19 $1.63 $704.00 $850.30 Guest Bathroom Softgoods Renovation Artwork (installed) Lighted Mirror Makeup Mirror Vanity Lighting Night Light Toilet Accessories Towel Caddy Paint Walls & Ceiling Vinyl Wallcovering (LY 54") Shower Curtain & Rod Paint Door & Trim Regrout Floor Tile Regrout Wall Tile Guest Bathroom Softgoods Renovation Cost Per Key $204.00 $275.84 $3. Tub Diverter.38 $300.85 $236.19 $2.56 $383.041.00 $1.16 $75.24 $209.986.00 $110.

272.000.10 $46.12 $71.784.00 $59.905.00 $17.135.44 $341.20 $2.76 $275.000.07 Public Restrooms Softgoods Renovation The public restrooms costs and quantities are based on 1.00 $10.002.34 $73.83 RANGE to to to to to to to to to to to to to to to to to $20.Add for a Full Renovation Additional Demolition Front Desk Equipment Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork (new. 6 stories (5 with guestrooms).286.36 $1.000.000.00 $1. chair.56 $21. in existing location) Millwork Running Trim (stained hardwood crown.21 $20.758.28 $37.00 $422.000.00 $138.00 $12.25 $45.08 AVERAGE $11.087.HOTEL COST ESTIMATING GUIDE 2011 58 LUXURY Prototype Hotel: 200 guestrooms.577.00 $20.00 $1.000.403.452.25 $9.122.800.776. 46 bays/floor Other assumptions and allowances are listed in each section below Lobby Softgoods Renovation The reception area costs and quantities are based on a 4.67 $5.00 $3.28 $542.00 $50.00 $4.800.00 $2.000.00 $13.000.650.530.000.000.147.000.00 $24.500.00 $31.00 $56.72 RANGE to to to to to to to to to to to to $16.000.920.00 $85.000.917.500.000.000.00 $12.080.446.250.84 $37.00 $17.02 AVERAGE $3.00 $10.00 $28.40 $880.912.190.37 $47.000.48 $35.000.000.00 $73.13 RANGE to to to to to to to to to $4.82 $26.00 $23.000.65 $113.22 $13.00 $180.00 $768.365.102.60 $10.33 $26.08 $224.00 $36.00 $60.066.00 $2.906.00 $354.00 $48.00 $880.331.71 $1.750.00 $12.393.30 $18.644.94 $17.75 $1.000.806.00 $1.275.00 $48.146.85 $22.00 $23.00 $17.00 $35.19 $25.000.09 $5.920 SF restrooms Demolition of Vinyl Artwork (installed) Mirrors Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Decorative Vanity Lighting Public Restrooms Softgoods Renovation Subtotal Public Restrooms Softgoods Renovation Cost Per SF $2. 40% openings) Window Treatments Seating Groups Lobby Softgoods Renovation Subtotal Lobby Softgoods Renovation Cost Per SF $8.000.00 $10.542.875.000.000.48 $93.00 $2.506.50 $13.15 $32.630.00 $40.00 $112.25 $864.652.785.32 $5.400.00 $90.88 $31. 20 suites.00 $50.000 SF area Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork (refinish) Millwork Screen Walls (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".59 $4.41 $44.000.00 $43.738.25 $42.437.560.300.00 $50.071.283.05 $7.00 $3.00 $41.756.608.000.304.888.00 $825.88 .744.00 $5.46 $160.00 $146.00 $24.21 Lobby .00 $8.000.00 $6.416.451.00 $41.710.00 $2.56 $20.525.37 $51.250.13 $102.019.000.716.06 AVERAGE $14.500.416. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Casegoods Drywall Partitions Lobby Full Renovation Subtotal Lobby Full Renovation Cost Per SF $12.00 $55.83 $84.246.000.075.000.440.000.185.28 $72.839.00 $41.

989.24 $16.000.Prototype Hotel: 200 guestrooms.634.070.906.176.86 $48.00 $9.00 $9.00 $130.125.344.000.00 $3.000. 40% openings) Window Treatments Restaurant Softgoods Renovation Subtotal Restaurant Softgoods Renovation Cost Per SF Restaurant Softgoods Renovation Cost Per Seat $6.40 $8.156.674.00 $10. & base) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54".50 $2.04 $11.00 $1.240.000.000.150.500.000.00 $55.336.440.291.00 $160.40 $53.00 $15.504.700.00 $38.001.724. 20 suites.08 $80.600.98 $2.68 Public Restrooms .00 $571.33 AVERAGE $20.04 $3.Add for a Full Renovation Additional Demolition Toilet Partitions Toilet Accessories Replace Doors Toilets Architectural Lighting Tile Flooring Tile Walls Vanity Top. Host Station (new.174.00 $3.800.22 $14.95 RANGE to to to to to to to to to to to to $15.359.800.88 $4.304.00 $18.464.600.200.00 $806.00 $146.612.00 $28.014.00 $13.400.600.00 $29.000.360.76 $6.26 $20.00 $1. chair.00 $7.96 $102.504.400.15 $16.600.75 $251.89 $11. Sinks (per position) Millwork Vanity Base (per position) Public Restrooms Full Renovation Subtotal Public Restrooms Full Renovation Cost Per SF $9.800.40 $704.00 $150.45 $677.600.982.158.00 $5.00 $37.00 $19.95 $13.125.00 $157. programming.814.00 $6.00 $16.240. in existing location) Millwork Running Trim (stained hardwood crown.00 $9.60 RANGE to to to to to to to to to to to to to to to to to to to to to $25.200.600. 6 stories (5 with guestrooms).00 $48.00 $39.Add for a Full Renovation Additional Demolition Booths Buffet Equipment Chairs Decorative Lighting / Dimming Architectural Lighting Electrical Hard Surface Flooring (20% of floor area ) HVAC Life Safety Millwork Buffet.111.00 $10.033.880.000.000.061.00 $3.00 $88.000.00 $16.71 $7.400.80 $17.200.600.200.000.13 $480.555.00 $9.694.200.600.04 $41.00 $53.658.720.00 $90. & base) Millwork Screen Walls (new) Articulated Drywall Ceiling (new) Sound System Tables Drywall Partitions TV & Mount (42".250.00 $33.00 $48.00 $25.50 $45.440.00 $11.800.41 $983. chair.713.500.051.04 RANGE to to to to to to to to to to to to to $12.205.96 Restaurant Softgoods Renovation Assume a 100-seat restaurant area of approximately 32' x 100' = 3.00 $3.600.200.09 $371.25 AVERAGE $9.190.00 $9.000.200.511.493.25 $50.00 $59.00 $14.000.30 $19.630.132.00 $60.00 $30.800.82 $38.00 $5.78 $3.852.47 $103.00 $77.03 $820.88 $37.09 Restaurant .00 $11.900.200 SF Demolition of Vinyl & Carpet Artwork (installed) Carpet & Pad (80% of floor area) Millwork Buffet.60 $1.00 $66.201. Host Station (refinish) Millwork Screen Walls (refinish) Millwork Running Trim (refinish .00 $12.45 $26.00 $660.965.00 $36.00 $5. incl.012.000.00 $9.480.873.80 $114.48 $15.00 $5.918.13 $32.00 $24.882.000.00 $23.stained hardwood crown.200.00 $1.000.270.038.00 $58.800.85 $48.92 $8.66 $84. allowance) Restaurant Full Renovation Subtotal Restaurant Full Renovation Cost Per SF Restaurant Full Renovation Cost Per Seat $16.00 $30.33 59 HOTEL COST ESTIMATING GUIDE 2011 .880.58 $15.00 $7.280.00 $105. Faucets.800.00 $60.26 $122.000.00 $87.00 $130.00 $303.25 $35.00 $38.00 $2.110. 46 bays/floor Other assumptions and allowances are listed in each section below LUXURY AVERAGE $12.600.00 $7.000.00 $19.67 $199.67 $178.320.659.150.00 $45.400.48 $67.360.00 $3.48 $1.08 $117.401.347.20 $144.44 $6.999.00 $8.00 $24.000.55 $5.498.150.333.200.

00 $67.00 $56.21 $282.387.53 AVERAGE $46. 46 bays/floor Other assumptions and allowances are listed in each section below Bar / Lounge Softgoods Renovation Assume a 40-seat bar / lounge area of approximately 30' x 40' = 1.00 $8.800.57 $10.08 $1.53 RANGE to to to to to to to to to to $57.63 $64.698.980.00 $28.040.25 $17.21 $120.500. chair.35 AVERAGE $3.886.35 $13.280.560.00 $114.56 $79.27 .00 $16.008.226.00 $110.86 $10.00 $6.072.000.00 $2.000.00 $840.200.52 $625.440.800.537.660.00 $4.470.040.735.00 $86.360.470.242.92 $89.710.074.27 $24.900.100.560.00 $990.263.483.55 $11.00 $37.12 $9.000.625.00 $7.700.81 $3.00 $1.20 $60.863.000.67 $39.00 $369.00 $81.000.00 $435.00 $32.00 $17.502.103.55 $1.75 $12.768.00 $540.60 $15.944. Accessories.00 $6.470.43 $15.00 $76.180.54 $9.400.809.00 $15.875.00 $13.00 $300.00 $264.00 $15.80 $743.00 $4.73 RANGE to to to to to to to to to to to $4.062.00 $19.23 RANGE to to to to to to to to to to to to to to to to to to to to to $8.750.262.534.00 $4.696.097.934.00 $15.236.05 $20.95 $15.00 $9. & Mirrors (installed) Bar / Back Bar (refinish) Carpet & Pad (80% of floor area) Millwork Running Trim (refinish) Paint Drywall Ceiling Paint Doors & Trim Vinyl Wallcovering (LY 54") Bar / Lounge Softgoods Renovation Subtotal Bar / Lounge Softgoods Renovation Cost Per SF Bar / Lounge Softgoods Renovation Cost Per Seat $2.00 $4.13 $106.46 $374.00 $54.00 $2.23 $192.507.23 $10.33 $4.95 Bar / Lounge .76 Kitchen Assume a kitchen area of approximately 60' x 120' = 7.14 $1.697.56 $11.00 $198. 6 stories (5 with guestrooms).00 $449.189.000.00 $5.88 $9.56 $27.814.758.791.813.00 $254.16 $604.600.00 $4.00 $34.049. & base) Sound System Tables Drywall Partitions Bar / Lounge Full Renovation Subtotal Bar / Lounge Full Renovation Cost Per SF Bar / Lounge Full Renovation Cost Per Seat $4.62 $456. 20 suites.400.550.62 AVERAGE $5.140.00 $13.735.38 $307.00 $12.68 $920.03 $36.73 $2.128.759.250.00 $12.942.625.00 $7.751.25 $8.200 SF Demolition of Vinyl & Carpet Artwork.139.00 $100.888.50 $5.35 $11.00 $21.HOTEL COST ESTIMATING GUIDE 2011 60 LUXURY Prototype Hotel: 200 guestrooms.00 $447.800.33 $1.111.200 SF.77 $10.27 $840.00 $16.00 $4.045.377.742.00 $31.560.562.29 $8.00 $13.621. including banquet prep Demolition Vinyl-coated Tile Ceiling (2' x 4' tiles & new grid) Fluorescent Lighting (2' x 4') Paint Door Frames & Trim Paint Walls Quarry Tile Flooring Replace Doors Kydex-paneled Walls Kitchen Renovation Subtotal Kitchen Renovation Cost Per SF $36.100.31 $340.00 $547.800. in existing location) Bar Stools Booths Articulated Drywall Ceiling (new) Chairs Chef's Table Chairs Chef's Tables (2) Decorative Lighting / Dimming Electrical Hard Surface Flooring (20% of floor area) HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown. incl.63 $7.01 $8.00 $4.800.00 $64.20 $154.00 $2.683.00 $95.000.800.552.377.140.341.628.14 $6.84 $30.886.914.375.120.62 $13.00 $900.Add for a Full Renovation Additional Demolition Bar / Back Bar (new. equipment.66 $29.08 $24.438.29 $92.

00 $15.59 RANGE to to to to to to to to to to to to to to to to $44.00 $67.00 $55. Accessories.040.940.400.87 $228.000.500.00 $21.33 $1. chair.00 $27.000.850.19 AVERAGE $35.00 $115.687.33 $3.00 $11.500.00 $33. Meeting Rooms) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.200.19 $15.00 $16.00 to to $1.00 $44.000.73 $18.00 $55.257.00 $900.13 $303.33 $150.00 $14.160.446.74 $20.500.982. 46 bays/floor Other assumptions and allowances are listed in each section below LUXURY AVERAGE $1.00 $24.33 Ballroom & Prefunction Softgoods Renovation Assume a ballroom area of approximately 60' x 80' = 4.00 $16.68 $93.00 $38.060.17 RANGE to $1.080.083.Prototype Hotel: 200 guestrooms.00 AVERAGE $186.400.240.125.00 $240. installed) Banquet Chairs (incl.560.666.000.000. incl.00 $208.680. Meeting Rooms) Tables (72" rounds.00 $186.125.500.00 $392.327.86 $11.00 $17.100.00 $16.Add for a Full Renovation Additional Demolition Artwork.083.500.46 Kitchen Equipment Equipment Allowance Kitchen Equipment Subtotal Kitchen Equipment Cost Per SF $750.406.000.34 $187.000.04 $15.095.960.00 61 HOTEL COST ESTIMATING GUIDE 2011 .00 $23.087.00 $57.00 $37.43 $34. & base) Millwork Serving Stations Operable Walls (new.960. 6 stories (5 with guestrooms). manual) Portable Bars (6) Tables (14" x 72". & Mirrors (allowance.00 $15. chair.503.00 $44.741.00 $1.00 $22.400.00 $30.00 $38.711.000.24 $152.200.75 $22.000.250.000.184.79 Ballroom & Prefunction .33 $319.56 RANGE to to to to to to to to to to $22.40 $14.806.850.306.000.17 AVERAGE $14.00 $8.00 $750.160.150.00 $7.71 $1.150.00 $39.00 $1.19 $25.00 $66.00 $732.00 $108.50 $50.956.240.00 $66.233.375.245.116.70 Ballroom Audio / Visual Audio / Visual Allowance Ballroom Audio / Visual Subtotal $115.00 $55. 20 suites.000. incl.840.48 $186.00 $14.525.00 $31.125.720.00 $104.750.750. & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Ballroom & Prefunction Softgoods Renovation Subtotal Ballroom & Prefunction Softgoods Renovation Cost Per SF $11.97 $81.00 $10.00 $86.640.97 $25.000.600.200.434. Meeting Rooms) Ballroom & Prefunction Full Renovation Subtotal Ballroom & Prefunction Full Renovation Cost Per SF $27.333.846.00 $18.stained hardwood crown.333.00 $33.100.92 $67.120.65 $63.169.00 $97.00 $62.00 $4.00 RANGE to to $240.000.000.221.000.00 $52.000.00 $121.800 SF with 3 divisions Demolition of Vinyl & Carpet Paint Articulated Drywall Ceiling Carpet & Pad Paint Doors & Trim Millwork Running Trim (refinish .00 $34.000.375.46 $38.400.880.962.00 $60.440.83 $122.32 $274.

00 $138. Accessories.718.43 $121.00 $31.500.200.000.38 Meeting Room Audio / Visual Audio / Visual Allowance Meeting Room Audio / Visual Subtotal $105.00 $55.045.880.182.00 $105.657.00 $13.00 $39.00 $54.662.748.00 $8.662.750.00 $80.10 $143.00 $26.263.756.00 $5.650.00 $34.493.21 AVERAGE $10. & Mirrors (installed) Articulated Drywall Ceiling (new) Decorative Lighting / Dimming Electrical HVAC Life Safety Architectural Lighting Millwork Running Trim (stained hardwood crown.000.15 $43.108.HOTEL COST ESTIMATING GUIDE 2011 62 LUXURY Prototype Hotel: 200 guestrooms.00 $35.000.000.324. chair.000.600.00 $5.060.88 $16.56 $10.20 RANGE to to to to to to to to to to to to to $27.00 RANGE to to $255.40 $1.00 $737.00 $5.100.00 $5.00 $36.00 $96.432.73 $500. 6 stories (5 with guestrooms).00 $22.773.00 $396.960.232.000.000.427.032.22 $8.40 $36.75 $47.29 $82.00 AVERAGE $173.910.900 SF total.00 $2.00 $54.stained hardwood crown.030.020 SF Total Demolition of Vinyl & Carpet Artwork (installed) Clock Hamper Hard Surface Flooring Sport Flooring Mirrors Paint Drywall Ceiling Paint Doors & Trim Remove & Reinstall Exercise Equipment Towel Caddy Vinyl Wallcovering (LY 54") Window Treatments Spa / Exercise Facility Softgoods Renovation Subtotal Spa / Exercise Facility Softgoods Renovation Cost Per SF $6.820 SF and 10 treatment rooms = 1. chair.88 $2.00 $5.32 AVERAGE $20.00 $31.276.958.542.70 $151.900 SF Total Demolition of Vinyl & Carpet Carpet & Pad Paint Articulated Drywall Ceiling Paint Doors & Trim Millwork Running Trim (refinish .648. 13.00 $28.000.00 $38.117.21 $141.82 RANGE to to to to to to to to to to $16.30 .59 $79.00 $4.00 $57.960.820.00 $24.00 $21.452. & base) Protect / Remove / Reinstall All Light Fixtures Vinyl Wallcovering (LY 54") Window Treatments Meeting Rooms & Prefunction Softgoods Renovation Subtotal Meeting Rooms & Prefunction Softgoods Renovation Cost Per SF $4.552. 11.291.000.04 $64.500.18 $25.639.608.42 $1.57 $1.091.568.024.74 $186.040.45 $559.328.000.480.00 $84.33 Spa / Exercise Facility Softgoods Renovation Assume a spa / exercise facility of approximately 28' x 65' = 1.440.50 $21.58 $31.817.243.920.14 $6.000.00 $19.328.47 $20.508.00 $3.50 $28.00 $664.133.923.14 $70.728.76 $15.00 $47.88 $7.63 $3.00 $34.974.00 $27. 20 suites.00 $14.91 $278.033.21 $17.53 $37.844.000.75 $24.37 $2.700 each.524.958. 3.094.00 $8.000 SF.50 $32.248.473.69 $36.062.046.97 $206.00 $13.825.Add for a Full Renovation Additional Demolition Artwork.00 $82.622.00 $132.41 $1.502.265.324.00 $5.36 $36.812.24 AVERAGE $9.00 $117.000.328. & base) Millwork Serving Stations Operable Walls (new.968.25 $8.440.359.770.648.76 $500.457.524.17 $64.75 $24.00 $44.000.26 $105.04 $500.587. manual) Meeting Rooms & Prefunction Full Renovation Subtotal Meeting Rooms & Prefunction Full Renovation Cost Per SF $13.358.776.53 $3.44 $50.200 SF.57 $2.33 $173.606.32 Meeting Rooms & Prefunction .58 $25. Assume a prefunction area of approximately 2.300.20 $933.45 $68.29 $100.00 $20.111.00 $5.576.69 $40.16 $28.00 $255.89 $50.08 $5.247.715.878. 46 bays/floor Other assumptions and allowances are listed in each section below Meeting Rooms & Prefunction Softgoods Renovation Assume 7 meeting rooms with areas approximately 34' x 50' each = 1.06 $9.27 RANGE to to to to to to to to to to to to to to to $12.080.221.

00 $83.00 $17.875.240.92 $135.95 $40.00 $50.400.00 $6.000.44 $130.00 $20.200.000.053.000.000.250.00 $5.000.00 $23.00 $32.00 $26.00 $5.50 $33.041.840.00 $701.000.275.140.00 $53.937.200.650.000.00 $30.00 $15.00 $6. incl.000.750.00 $6.000. 20 suites.019.000.95 $10.30 RANGE to to to to to to to to to to to to to to to $30.00 $21.200.67 $20.00 $533.000.000.00 $8.000.00 $15.497.000 SF pool ADA Lift Architectural Lighting Drywall Ceiling (new.00 $18.140.960.000.00 $17.000.57 $108.000.000.60 $114.67 63 HOTEL COST ESTIMATING GUIDE 2011 . allowance) Water Fountain Sound System Spa / Exercise Facility Full Renovation Subtotal Spa / Exercise Facility Full Renovation Cost Per SF $21.25 $450.Add for a Full Renovation Additional Demolition Articulated Drywall Ceiling (new) Exercise Equipment (installed) Massage Tables Millwork (treatment room area) Electrical HVAC Life Safety Architectural Lighting Millwork Lockers TVs & Mounts (42".600.96 $175.00 $5.651.00 $8.166.00 $450.500.000.50 $18. programming.00 $103.50 $60.67 $35.00 $25.00 $66.000.00 $10.00 $12.037.00 $20.000.000.00 $9.000.793.000.798.500.500.500.00 $30.00 $220.00 $7.00 $36.25 $39.000.000.294.97 $99.000.00 $41.00 $65.00 $4.500.00 $15.00 $7.00 $70.00 $33.200.00 $36.597.60 $85.43 AVERAGE $6.00 $36.00 $27.666.000.63 $20.00 $15. 6 stories (5 with guestrooms).00 $440.00 $25.00 $771.00 $298.98 Indoor Pool Assume an approximately 3.045.Prototype Hotel: 200 guestrooms.000.57 RANGE to to to to to to to $7.00 $5.000.00 $468.500. pool rules) Indoor Pool Renovation Subtotal Indoor Pool Renovation Cost Per SF $5.500.67 $40.250.00 $345.500.000.250.000.75 Spa / Exercise Facility .00 $266.96 $232.00 $476.000.500.220.453.000.00 $30.00 $50.00 $450.515.00 $9.00 $1.00 $33.48 RANGE to to to to to to to to to to to to to to to to $7.00 $30.00 $32.00 $21.00 $29.670.375.92 $158.00 $20.75 $121.916.57 $176.43 $36.500.00 $392.240.000.00 $18.00 $50.240.167.500 SF pool ADA Lift Pool Furniture Resurface Pool Bottom Resurface Pool Deck (Kool Deck or tile) Signage (life safety.00 $30.051.200.192.21 Outdoor Pool Assume an approximately 3.000.251.67 $23.250.00 $12.75 $22.68 AVERAGE $6.500.100.22 $131. pool rules) Outdoor Pool Renovation Subtotal Outdoor Pool Renovation Cost Per SF $5. 46 bays/floor Other assumptions and allowances are listed in each section below LUXURY AVERAGE $25.40 $6.000.235. from scaffolding) Paint Doors & Trim Pool Deck Tile Pool Equipment Pool Furniture Pool Pak HVAC Replace Doors (storefront) Resurface Pool Bottom Paint Walls Wall Tile Decorative Water Feature (allowance) Signage (life safety.00 $54.00 $355.000.00 $30.00 $154.166.00 $27.00 $10.

00 $3.57 RANGE to to to to to to to to to to $15.888.580.00 $2.968.00 $25.304.00 $12.202.920.00 $90.000.00 $1.045.00 $597.00 $84.084.00 $586.00 $25.00 $151.720.412.00 $23.338. Columns.92 AVERAGE $9.500.041.476.440.00 $10. 46 bays/floor Other assumptions and allowances are listed in each section below Demolition New Patio Surfaces Outdoor Furniture (allowance) Fire Pit (allowance) BBQ (allowance) Outdoor Lighting (allowance) Patio Landscaping (allowance) Water Feature (allowance) Outdoor Audio System (allowance) Outdoor Amenities Subtotal $6.000.000.500.00 $54. 6 stories (5 with guestrooms).00 $153.000.57 $20. 20 suites.250.77 RANGE to to to to to to $451.00 $75. Underground Parking Concrete Sealer & Traffic-bearing Membrane Lighting Upgrades Paint Floors.23 Landscaping Landscaping Allowance Landscaping Subtotal $90.00 $66.375.92 $30.75 $24.872.000.122.00 $75.288.000.00 $6.750.666.000.00 $6.875.000.125.000. etc.312.000.000. Underground Parking Cost Per Space $225.47 Outdoor Parking Typically.10 AVERAGE $338.00 $7.00 $158.000.00 .823.00 $3.750.80 $4.440.00 $770. Stripe Spaces Indoor.037.00 $150.052.00 $25.HOTEL COST ESTIMATING GUIDE 2011 64 LUXURY Outdoor Amenities Prototype Hotel: 200 guestrooms.000.000.840.50 $487.00 $133.00 $722.80 $3.004.000.00 $118.006.00 $451.00 $121.00 $353.00 $96.56 $60. hotels in this market segment do not have outdoor parking Indoor.336.00 $125.00 RANGE to to $225.00 $90.00 $1.180.000.500.67 $9.520.000.00 AVERAGE $153.750.00 $225. Underground Parking Subtotal Indoor.

PERSPECTIVES ON CAPITAL EXPENDITURES 2011 .

Sipple and Josh Heiney RENOVATION Ask any hotelier about the challenges of financing hotel-related assets and you can expect to hear frustration. Given many borrowers’ recent experiences within the capital markets. hundreds of hotels were forced to be de-flagged and removed from the Holiday Inn system. but things are continuing to improve in these dynamic and evolving capital markets. there becomes ample competition to fund the loan request. which serve strong and diverse demand generators. with comments such as.HOTEL COST ESTIMATING GUIDE 2011 66 CAPITALIZING THE IMPOSSIBLE: TODAY’S OPTIONS FOR FUNDING A HOTEL by William G. . Although the re-launch was a strategic decision by IHG. Intercontinental Hotel Group’s Holiday Inn Brand completed a $1 billion multi-year brand re-launch in December 2010. or is there a capital solution in today’s market for my hotel’s renovation needs? Unless there has been a permanent change at the property or its marketplace that doesn’t allow for underwriting a future recovery. this has been the typical response for most hoteliers since 2008 due to the economic recession. none of this is helpful for the typical hotelier who owns a deteriorating property that has only begun to recover from the downturn and has an imminent PIP required by the franchisor. there may be a sense of hopelessness to recapitalizing their existing asset needs. this was not ideal timing for many hotels within the system that were experiencing declining performance. While this is a severe example. “The last few years have been a constant battle to remain afloat. While it is positive that these conservative lenders are able to fund some portion of a PIP for conservative requests. When paired with the substantial cost per key for the brand re-launch. allowing them to recapitalize their hotel assets even when one or all of the following risk components are involved: • Trailing-twelve months’ income insufficient to fund the current pay requirement of a new lender. “When will my franchisor require the completion of a costly PIP on my underperforming or non-performing property that has only begun to recover?” actually various financing sources that offer creative structures to franchisees. most franchisors have been allowing many of franchisees within their system to postpone scheduled PIPs.” or. even if it includes some moving parts such as an expiring franchise agreement with a required Property Improvement Plan (“PIP”) to be funded in whole or part by the new lender. The question many hoteliers are asking is. “I didn’t think I would make it through my last hotel refinancing. then the clearest approach to a resolution is to explore various recapitalization options that allow for the funding of a franchisor’s required PIP. the majority of institutions willing to lend in the sector are still searching out the limited number of stable performing hotels located within major markets. However. such as a permanent displacement of a major demand generator. there are Due to the economic downturn. When assets fit the narrow criteria. Currently. many individual hotel owners are facing a major decision: Do I default on my franchise due to the outstanding PIP requirement and in turn trigger a default on my senior mortgage.” Unfortunately. More and more lenders are beginning to look toward the recovering hotel sector as a place to invest their capital.

However. capital is heavily weighted toward the back-end capital event. with the goal of capturing yield on performing assets. The cost of The typical all-in cost of capital for this structure can range from ten percent to eighteen percent. • Secondary or tertiary market. which could be either a refinancing or an asset disposition within the three. potentially allowing the owner to complete a much-needed renovation. a mezzanine loan secured by a pledge of ownership. These capital sources are actively financing hotel renovations and PIPs on “cash-flowstressed” hotels through various structures. The secured forms of subordinated leverage will require the newly-issued loan to be co-terminus with the maturity of the senior mortgage. This subordinated leverage can be structured in the form of a recorded subordinated note. estimated timing of stabilization. • Deteriorated asset quality. • Expiring franchise agreement with an outstanding PIP. many newly-formed funds are looking to the next level of risk to place their capital.• Slightly improved income. A Participating Senior Mortgage is one very common structure being utilized by financial institutions to achieve higher proceeds for their borrowers while also being compensated appropriately for the risk. with 67 HOTEL COST ESTIMATING GUIDE 2011 . Subordinated Leverage is an option to increase proceeds beyond a typical senior lender’s underwriting benchmarks. there has been an onslaught of new funds raised at existing and newly-formed institutions. Since 2008. which issued $230 billion of commercial real estate mortgages at the peak in 2007. The specific pricing for a particular loan request is dependent upon the current trailing-twelve months’ income level. or an unsecured joint venture equity investment. as long as there is sufficient term remaining. This structure is composed of a current pay debt service portion that is typically interest only.to five-year loan term. and an underwritten exit scenario that allows the new lender to achieve the required yield. The majority of institutions that are active in this space are amenable to structuring their position behind an existing mortgage. along with participation in the back-end capital event. with the more-rapid-than-expected return of the CMBS lending platform. three of which are explained in more detail in the following sections. which will take some burden off of the borrower during the recovery period. along with attractive financial terms. This was made possible by the temporary departure of the CMBS lending platform. allowing for a more conservative current pay requirement. with a feasible projection for continued improvement.

for HVS Capital Corp. The challenge in structuring around an existing senior mortgage is that many loan documents preclude the borrowing of any additional indebtedness. the new financing is expected to be priced at a reasonable cost of capital of less than ten percent. the cost of capital for the subordinated leverage tranche can range from twelve percent to twenty percent. and other variables considered when pricing risk. making the recapitalized hotel a potentially feasible investment. Debt Yield is defined as the current trailingtwelve months’ income divided by the total amount of proceeds issued by the new loan. William G. resorts. Sipple is Managing Director. and golf properties. sponsorship strength. resorts. Certain of the capital structures described herein may be costly. A Pari Passu Senior Mortgage is the most unusual structure and is not typically utilized. In addition. in which case the likelihood of financing will range from twelve percent to twenty percent cost of capital for the newly-issued proceeds. As the Debt Yield continues above nine percent. this may be the most ideal solution for many borrowers facing an imminent PIP requirement. The pari passu form of capital will carry similar cost of capital to that of the subordinated leverage as described above. if these hurdles can be overcome. The cost of capital. and Josh Heiney is Vice President. However. given that it requires the existing senior mortgage holder to approve a new investor who will contribute additional capital. At the other end of the spectrum. providing an even lower cost of capital financing scenario for the borrower. the renovated hotel’s ability to recover or exceed its fair share of market RevPAR. the investment banking division of HVS. especially given the challenges associated with the majority of hotel senior mortgage refinancing requests in today’s climate. The Debt Yield chart becomes a useful tool for hotel owners when developing a recapitalization strategy for funding a PIP. this new investor will also require a yield in excess of the current senior mortgage coupon. However.HOTEL COST ESTIMATING GUIDE 2011 68 an executed intercreditor agreement providing rights such as notice of default and cure provisions. pari passu with the existing senior mortgage. thereby properly accounting for its risk-adjusted return on the new financing. Such a situation presents serious challenges to the hotel owner and may be prohibitive to the overall feasibility of re-investment in the asset. In any of the alternative financing structures described herein. As shown above. However. but they become an essential short-term option when considering the alternative of a possible deflagging and future senior mortgage default. a dire scenario exists if a hotel’s trailing-twelve months’ income translates to less than a nine percent Debt Yield. Furthermore. buy-side and sell-side activities for existing hotels. there still may be a solution in this case if the existing senior mortgage holder is convinced of a realistic repositioning and turnaround strategy. then the newly-contributed capital. the lender reduces the interest rate pricing. expressed as a function of the Debt Yield. and capital advisory assistance in workout and distressed hospitality debt situations and in public/private hotel projects. Overall. if a borrower and his advisor are able to negotiate the proper loan modifications with the existing lender. retaining the existing senior mortgage’s lower interest rate could result in a blended cost of capital in the range of eight to ten percent. if a given hotel will generate a proposed trailing-twelve months’ Debt Yield of nine percent or more based on all projected capital needs. The Debt Yield/cost of capital relationship presented in the chart does not take into account other factors such as expectation of future market RevPAR growth. and golf and timeshare properties. On a stand-alone basis. The Debt Yield matrix in Exhibit A depicts a range of cost of capital for the new loan. will typically be a cost-effective solution. when blended with a newly-issued or existing senior mortgage. but is more of a creative solution to a borrower’s need for fresh capital to fund a property-level PIP renovation. there is capital available for select opportunities that convey a clear recovery plan expected to provide a feasible exit scenario for both the new capital source and the existing lender. . should such senior lender stay in place. this could be the only feasible solution if the senior mortgage holder and borrower are unable to contribute additional capital but both agree that this capital is necessary for a successful resolution. will likely provide a cost-effective solution for the owner’s capital needs. financing arrangements for debt and equity for existing and proposed hotels. thus increasing the likelihood of the hotel investor to reposition the asset and enhance longterm value. on a blended basis with the existing loan. HVS Capital Corp’s services include investment sales.

guests and employees will have easy access to the hotel. only eighteen lodging projects have earned LEED certification for Existing Buildings. let’s look at the facts. energy-saving light fixtures to reduce energy consumption. With all these facts in mind. A hotel doesn’t have to be LEED certified to make improvements in its sustainability and its bottom line. low-flow plumbing fixtures. perhaps when you need them the most. Guests are coming back. Many hotels adopt the “towel” approach to green hospitality. many consumers’ thoughts turned to how they could prevent similar financial distress in the future. As of this year. If the team decides that it isn’t economically feasible to attempt LEED certification. don’t give up on sustainable design. A truly green hotel will probably have higher construction or renovation costs. the majority of guests aren’t selecting a specific hotel only for its sustainable efforts. why not consider adding shuttles to mass transit stations to reduce guests’ need to rent cars Hotels like this Element hotel are designed with sustainable features like lightcolored roofs to reduce the heat island effect. In the recent downturn. but it is likely to create more profit in the long run. before we jump the gun. Much more can be done while building or renovating a hotel to help the environment and enhance value. While consumers are coming around to green practices. Investing in sustainability now can reap savings later. helping to lower expenses in the future. and only sixty-six projects have earned LEED certification for New Construction. More hotels are changing brands and owners. and operations teams to achieve the most environmentally-friendly hotel that can be economically built and operated. reducing transportation costs and parking impact. And. hang it up and you will be helping the environment. and PIP renovations are making a steady comeback. and employees happy. why go the extra mile and get green? The answer lies in the long-term plan for your property. If the property is well-connected by public transportation. The sustainable design process should start with the choice of location that causes the least impact on the environment. 69 HOTEL COST ESTIMATING GUIDE 2011 . as more hotels embrace sustainability. Green hotels can bring costs down and make guests. The owner or developer should work closely with the design. The banks are slowly allowing more funding. and controllable. it seems to be a prime opportunity to incorporate sustainable design features into your hotel or to plan that sustainable new construction project. the hotel industry is starting to see signs of recovery. it is important to think of the process as a whole and not pick specific items just to achieve the required threshold for certification. Why so few? Many owners can’t justify spending the additional money to LEED certify their hotels when there isn’t an immediate return on investment. LEED® AP | as published in Hotel Business At long last. When building or renovating a hotel to sustainable design standards such as LEED.SUSTAINABLE DESIGN HELPS HOTELS SAVE FOR THE LONG RUN by Henrique Kempenich. With more renovations happening over the next year or two. construction. that LEED certified mark will stop giving hotels a unique marketing advantage. Should planning for your hotel follow the same trend? Maybe so. “Leave your towel on the floor. However. owners. If you have an existing building. and we will wash it.” This addresses only one aspect of environmental consciousness.

LEED® AP. energy-efficient windows can help your building maintain its interior temperature. Perhaps you just need to check the seals at windows and doors and replace sealants to help make your building more air-tight. Maintaining high standards of air quality and occupant comfort can improve guest satisfaction and lower employee . Landscaping that relies on local species can lower maintenance costs and irrigation water use. perhaps converting rarelyrented meeting space into a coffee bar or small restaurant will bring in some extra revenue and reduce guests’ need to drive around town looking for a bite. Henrique leads project teams at JN+A in incorporating sustainable ideas into hotel projects of all sizes. Close collaboration early on between owner. air conditioning. but it is the best approach to long-term savings. and Israel. replace the aerators in the bathroom faucets with low-flow aerators. and operations will help to make your hotel as green as possible while keeping costs down and saving money in the long run. a Project Architect at JN+A. Henrique Kempenich. Many routine maintenance tasks can help save energy in your building. and heating. Interior Design. Whether you’re renovating or building a new hotel. but don’t forget to think about the building envelope. For a low-cost retrofit that can net big water savings. employees. A well-designed and operated energy management system can ensure that guestrooms and other areas that are not in use won’t require a large amount of energy for temperature control and lighting. By re-using rainwater or sink water for irrigation and flushing. Complying with strict energy standards can have high initial costs. consider other fixes that can improve energy efficiency. replace older toilets with new low-flow 1. South America. commercial.28 gpf models. Is it time to replace windows? If so. Large hotels can benefit the environment by treating wastewater on site. has more than twenty years of international experience in Architecture. If your existing hotel doesn’t need brand-new HVAC systems or a complex energy management system. construction team. but they will create more profit in the long run. and Project Management. To net larger water savings. Innovative housekeeping standards can help keep harmful chemicals away from the local wastewater system and your housekeepers. and residential projects in the United States. sources of water and destination of waste should be taken into consideration. When considering the systems that can be modified or replaced to save energy. Green hotels may have higher construction or renovation costs. Educated in Architecture and Construction Technology in Sao Paulo. When designing your new hotel or planning a renovation. He has worked on hospitality. as well. don’t forego sustainable design for the sake of the bottom line. Brazil. Careful attention to system controls and building envelope maintenance can help keep long-term costs low.HOTEL COST ESTIMATING GUIDE 2011 70 and drive to your property? Another factor in improving your sustainability rating is the proximity of local restaurants and shops. If there’s no place for your guests to grab a quick meal or snack close by. A LEED® Accredited Professional. reducing the need for heating and cooling.6 gpf or 1. Other aspects of hotel construction and operation can be beneficial to guests. Henrique is also certified as an architect in Israel and Brazil. institutional. designer. health-related costs. the property can save large amounts of water. and the environment. start with the typical energy-associated systems such as lighting.

correct? Well. to vast supply and a deep decline in demand in 2008 to 2010. ISHC The hospitality industry is barely clawing out of a deep recession. However. Looking ahead. sional FF&E purchasing agents will continue to allow clients to achieve the best cost. carbon dioxide emissions nearly reached the five-year limit agreement level with world EPA. from natural disasters such as droughts and floods. ISHP. and lead time in any market. Here are some textile industry facts to consider: China • As of September 2010. Based on many global factors. with nearly exponential increases in the last months of the year. dollar by two-point-five percent from November to December 2010. based on current trends. the 2007 cost estimates for FF&E and OS&E seem to be on target for 2011 costs. the ten-percent. at any cost. The hospitality industry is a small minority of volume in the global interior furnishing and textile • The 2010 fiber commodity market expanded dramatically. Just as every specific hotel’s performance is unique. along with the rest of the world. while every vendor is certainly thrilled to see an order. • Labor costs increased fifteen to twenty percent in last five months of 2010. From vast supply and huge demand in 2006 and 2007. to energy shortages in Asia. and every FF&E and OS&E vendor should be thrilled to see an order. every category of FF&E and its corresponding supply chain is also unique. Every capex planning executive needs to know that the FF&E market is changing. The product category that is experiencing the largest cost increase today is textiles. question their source! Although some of the product discounts that we have seen over the last twelve to twentyfour months won’t continue into 2011. yes. to global currency fluctuations. thus. by 2012 we might actually need to add a single-digit increase to the overall 2007 costs. While it is always best to budget for FF&E and OS&E on a case-by-case basis. local governments chose to close some older manufacturing plants. we see cost increases coming. creating a supply bottleneck. India As shown in the accompanying chart. less than fifteen percent overall versus retail. fiber commodity prices increased dramatically in 2010. • Chinese currency increased against the U. the laws of supply and demand cannot be overruled. and if someone is telling you otherwise. twenty-percent. RECOVERY: CURRENT TRENDS IN FF&E by Alan Benjamin. quality. the world market is the world market. • Power cuts to most manufacturers allowed for manufacturing only three days per week until the new emissions period began in March 2011. GLOOM. the use of profes- world. similar to the expansion shown in the accompanying chart on India’s fiber cost increases.BOOM.S. and now very scarce supply and increasing demand. and greater discounts that many vendors have been offering in the last couple of years will soon be seen only in the rearview mirror. 71 HOTEL COST ESTIMATING GUIDE 2011 . especially in fabrics. for any market.

2010.65 per pound to as high as $1. cotton prices have risen from $. When cotton doubled in price. sourcing could be in the forecast. U. highly efficient. As of December 2010. fees. etc. and it moves dramatically each day.HOTEL COST ESTIMATING GUIDE 2011 72 Turkey General fiber commodity price increases have been fifteen to twenty percent per yard since November 1. the cotton price still affected our industry. A member of the International Society of Hospitality Consultants (ISHC). Asia is not going away and will still be.32.S. All other areas are more stable and still far off their recent peaks. niche markets in the U. It’s still a great time to renovate! Keep in mind that the FF&E product cost is almost always less than 50 percent of the total cost of a renovation. and London). 40 percent polyester in an effort to curb price increases. While most mid-market. Hong Kong. However. The market is changing and will continue to change quickly. Now. Alan assisted with the FF&E budgets for the ISHC’s CapEx 2000 report and later co-chaired the ISHC 2007 CapEx study. with the majority of the cost being made up of labor. there should be a pickup in U. The Good News Not all FF&E and OS&E prices are increasing. retailers and manufacturers moved many 100 percent-cotton products to 60 percent cotton. the price had settled around $1. With many issues affecting the overseas supply chain. especially labor. He is the third generation of a family that has served the interior needs of the hospitality industry since 1931. on average. Overall. if nothing else. fabrics are the most affected area for the next six to twelve months. Essentially. will continue to grow. Colorado (with additional offices in Chicago. by far. larger-volume. hospitality textile FF&E products use polyester.S. installation. This created a huge increase in the demand for polyester. Gasoline & Diesel Fuel Prices. sourcing and a similar domestic pickup in Europe for their local markets. the number one supply resource for the U. more than ever. 05/09/11 . demolition.S. the FF&E and OS&E purchasing firm based in Boulder. Markets are. freight. Alan Benjamin. and Europe. tax. cotton prices have doubled in cost. with more demand and much less supply. are still at recent cycle historical lows. Most all of these costs.47 per pound.S. Dallas. Polyester pricing increased 30 to 40 percent globally within a few short months. More U. Rayon costs are up between 50 percent and 60 percent for the same reasons. FF&E product is about 35 percent of a renovation. owners must rely on their design and purchasing teams to create the maximum value on every single dollar of capex. is one of the country’s leading hospitality FF&E experts.S. president and founder of Benjamin West.

ports that are close to the jobsite. then. In 2007. routing goods to east coast ports can reduce the chance of damage because goods can be unloaded directly out of the containers on the site or at the warehouse.HOW THIS AFFECTS FF&E COSTS by Darlene Henke. as long as there is no disruption of the global supply chain. and FF&E can arrive at ports in Houston. railing goods to the destination is an alternative that can be considered. Miami. When goods must travel cross country. Depending on the schedule of when goods are needed and how they are packaged. this can also greatly reduce the project’s freight spending and carbon footprint.300 hotel projects worldwide since its inception and established a reputation based on integrity.S. and port options for international shipments. Overall. hard work. goods are routed into Long Beach. and other FF&E purchased from Asia can be routed into U. the best strategy to keep costs down is to plan ahead. ISHC It has been two years since the peak in fuel prices hit in July 2008. In most cases. Darlene developed a partnership with SmartWay Transport. and don’t become subject to rising costs that will be an ongoing factor post-recession. so not every type of FF&E can move this way. an additional seven-percent increase may occur. and in most cases can also cost 30 to 40 percent less than the price of an over-the-road truck. Since the start of 2011. With the correct planning.FUEL PRICES COME BACK . By planning an extra two weeks into the schedule on average. so sometimes the project schedule may not accommodate rail transit. driven by the rising cost of fuel. Retail On-Highway Diesel Prices 73 HOTEL COST ESTIMATING GUIDE 2011 . Norfolk. Alternate port options for goods from overseas. as early fall approaches. and they occur in all modes of transportation. but rising demand driven by the global economic recovery has fuel prices creeping back up to alarming levels. give more time for alternative forms of shipping. as well. These additional charges come in the form of a fuel surcharge that is added on top of normal transit rates. ships can be routed via the Panama Canal. rail shipping does add an extra two to three days to the transit. and other areas up and down the east coast. upholstery. Traditionally. budgeters should estimate a freight budget increase of up to four percent. winter prices are half the peak cost. most of which are more environmentally-friendly solutions for the project. the trucking industry has seen an increase in freight rates of about seven to eight percent. shipping lanes. Darlene works with hospitality professionals to explore alternative packaging processes. Historically. In addition. The increase in freight costs will affect FF&E budgets by an average of two to four percent. Historical data show that in most cases.S. Fuel prices normally follow the trend of rising in the spring and summer. This will reduce the cost of trucking from coast to coast. Experts anticipate that by the end of summer. casegoods. Audit Logistics has handled over 1. Darlene Henke began her career in third-party logistics in the early 1990s and co-founded Audit Logistics in March 2002. depending primarily on the distance of suppliers from the destination. an organization endorsed by the EPA that has initiatives focused on reducing fuel consumption and total CO2 emissions. and with fuel surcharges on the rise. Acts of terror or natural disasters can alter this trend. and dedication. even for items that are shipping to the east coast. Rail transportation uses four times less fuel than trucking. There are multiple strategies that can help to reduce freight costs. Packaging of goods and damage is always a concern. These include: Other forms of transit for cross-country moves. Weekly U. California. starting to drop to normal levels. 40 to 50 percent of FF&E ships from manufacturers over 500 miles from the jobsite.

These bulbs have been deinto wallcovering. Lowflow shower heads are also an easy adjustment. however. the wealth of media attention on sustainability made it seem that there was no other way to go when designing or renovating hotels. ask the owner to check all of the plumbing and fixtures frequently for leaks and fix any leaks immediately. as and guestrooms. Let’s start small. getting ready for demand to return. but they are also a huge waste of water. you can install converters so fluoable products. During the economic downturn. and quantity of rooms in the hotel. keeping hotel guests and the owner’s pocketbook happy. sustainable design meant uninspiring numbers. and you will see why . The fluorescent bulbs manufacturers have been focusing on innovative ways to may be pricier in the beginning. How do we as delonger than incandescent bulbs.HOTEL COST ESTIMATING GUIDE 2011 74 SWEET & SUSTAINABLE: HOW TO TEMPT OWNERS TO BUY INTO GOING GREEN by Erin Parker. Many rescent lighting can be incorporated. and they have been proven to last up to ten times these products aesthetically pleasing. If a hotel has leaky plumbing. reduced energy incorporate post-industrial and even post-consumer waste bills will reflect the change. the media spotlight on sustainable design dimmed as owners and investors focused on conservative strategies to save money and prevent future losses. You can conserve water in a hotel without purchasing new fixtures. Not only do leaky pipes and faucets cause damage to the building. well as materials from manufacturers that feature cradle-to-cradle programs. the owner might as well be throwing money down the drain! Second. manufacturers spent time developing sustaintures are incandescent. Most owners couldn’t conscience sinking valuable dollars into more expensive products that would be replaced in seven years anyway – not a good investment for a hotel. renewable and recycled materials. If the hotel’s fixMeanwhile. fitting guestroom faucets with aerators is an inexpensive way to convert existing faucets into low-flow fixtures. However. Many brands have instituted a fluorescent light bulb standard for all public spaces This LEED®-certifiable suite bathroom was designed using water. Newer low-flow designs have increased water pressure but still reduce water flow. and flooring.and energy-saving fixtures. LEED® AP Before the economic downturn. Another small change that can save money is to follow the trend that large hotel brands have been setting over the past couple of years. This means that they can signers take these innovative initiatives and create value for save around $40 worth of energy over the lifetime of each our owners? Here are some ways to get the hospitality inbulb. These manufactursigned to meet stringent energy-efficiency guidelines set by ers are spending large amounts of time and money to make the EPA. when it came down to budget. Multiply that by the number of bulbs per guestroom dustry’s heart beating green again. First. fabrics.

Erin works with the HVS Design team to create beautiful.Renovating Sustainably Without Busting Your Budget many brands are making fluorescent fixtures a standard. Advising your purchasing agents to make a conscious effort to find local manufacturers benefits the hotel’s With a little time and a lot of creativity. First. but you also reinvest money into your local coming back. It’s a win-win situation because edge designs. The experiences. world of hotel and resort design. When it’s time to make larger changes to a hotel’s FF&E. designers ® can create an accent feature that uses eco-friendly products Erin Parker. do something that nobody has seen before. functional. of HVS Design. and it will leave a lasting impression on our industry. we can make what’s local economy in the long run. fast-paced. Focus on low-cost. Leave a lasting impression on guests and make town instead of calling you for a room at your property? them feel better about how they’ve just spent their money Purchasing FF&E out of the country is similar. high-impact repair and maintenance projects: • Save water by fixing leaks and replacing faucet aerators. don’t keep guests in the dark about your sustainabilfriends came to your area but stayed in the hotel across ity efforts. Your efforts will make the guests aware that ucts from local vendors. together we can create a boom in demand for help draw guests into the public areas and make the hotel eco-friendly products and kick-start a real trend in sustainpopular with locals and return guests. economy. Do not be afraid to push your lobby toward cuttingit into their product lines. there are many Choose cradle-to-cradle manufacturers who will recycle your old finways to make an environmental impact ishes when they replace them with new ones. you not only gain LEED certificathey are enjoying a sustainable design and help keep them tion points. without breaking the bank. designers should source from manufacSource products locally to save on shipping costs and support the local turers who feature cradle-to-cradle economy. and creative ways. It can even be used as a feature to and there. unattractive on paper into a desirable. but on a by posting informational signs or using a product that is obmuch larger scale. Keep the motto “go big or go home” in tional disposal fees for the old carpet or wallcovering. knowledge and innate ability to be innovative. Are you sitting there making a shopping list for the building engineer? You should be. With our product able hospitality. LEED AP. This is a great way to create revolving cusmanufacturer will then break down the waste and redevelop tomers. the end users’ eyes will be drawn to the 75 HOTEL COST ESTIMATING GUIDE 2011 . is an innovative interior designer who began her career in hospitality and found her niche and will do double-duty. but if manufacturers are producing. sustainable designs for all of we think outside of the box and use the products in new her hospitality projects. you’re helping the environment and saving money on addiand do it sustainably. drawing guests into the public in the exciting. Buying local is another way to renovate sustainably. sustainable return on investment. As long as LEED® Accredited Professional. A spaces and putting the spotlight on sustainability. programs. What’s cradle-to-cradle? It’s a type of program that is set up to remove the existing carpet or wallcovering from the site and design. Just one sustainable hotel will not inflate the With all the new sustainable products and materials that demand for green products and drive down costs. sustainable design doesn’t many designers and owners incorporate a little green here have to be utilitarian.viously green. and we will fulfill guests’ desire for new and exciting replace it with an environmentally-friendly product. mind – it can be a great way to work. When you source your renovation prod. Think of it this way: would you be taken aback if your family or Finally. • Save energy by replacing traditional incandescent bulbs with compact fluorescent bulbs.

partnership. are included and sent to consignee prior to vessel arrival. Awkward Cargo Cargo of irregular size that can either be containerized (packed in container) or non-containerized (without equipment associated with) during transportation. This eliminates the need to break up a train and sort individual railcars at each junction. or corporation that arranges transportation service for client companies. Bunker Adjustment Factor (BAF) / Bunker Surcharge (BSC) Surcharges assessed by the carrier to freight rates to reflect current cost of bunker. Broken Stowage The spare volume of a container or the cargo hold of a vessel where no cargo is stowed. without freight and charges. Cells The construction system employed in container vessels that permits containers to be stowed in a vertical line. Bulk Carriers Vessels carrying dry. Break-bulk Cargo Goods shipped loose in the vessel hold and not in a container. Booking Number A reference number for bookings registered with a carrier. C B Canada Customs and Revenue Agency (CCRA) Canadian government Customs authority. through electronic submission of cargo manifests in lieu of bulk paper manifests. Bonded Carrier A carrier licensed by U. Customs to carry Customs-controlled merchandise between Customs points. Arrival Notice An advisory that the carrier or forwarder sends to the consignee advising of goods coming forward for delivery. Block Train Railcars grouped in a train by destination so that segments (blocks) can be uncoupled and routed to different destinations as the train moves through various junctions. The responsibility to monitor the transit and present himself to take timely delivery still rests with the consignee. Automated Manifest System (AMS) An application that expedites the clearance of cargo for the subsequent release of containers when imported to the U. It is a reflection of the bad stowage of the container or the vessel. Bonded Warehouse A warehouse authorized by Customs for storage of goods on which payment of duties is deferred until the goods are removed. not packaged. Cargo Manifest A manifest that lists only cargo.S. bundled. or embassy of the exporting country. or bottled cargo and loaded without marks and number or count. It requires prior approval on a case-by-case basis before confirmation of booking. It should be unique without duplication for a three-year period. Broker An individual. Box Common term for an ocean-going freight container. but there is no obligation by the carrier or forwarder to do so. container number.HOTEL COST ESTIMATING GUIDE 2011 76 GLOSSARY OF FREIGHT / FF&E TERMS A A8A Manifest A form issued by a licensed Customs broker which allows CCRA to monitor in-bond shipments as they move through Canada. grain. with each container supporting the one above it inside the cargo hold. Bill of Lading (B/L) The official legal document representing ownership of cargo. . total charges due from consignee. It is a negotiable document confirming the receipt of cargo and the contract for the carriage of cargo between the shipper and the carrier.” Certificate of Origin Document certifying the country of origin of goods. which is normally issued or signed by the relevant government department. Cellular Vessel A vessel designed with internal ribbing to permit the support of stacked containers. Chamber of Commerce.S. Bunker Heavy oil used as fuel for ocean vessels. etc. This is done gratuitously by the carrier or forwarder to ensure smooth delivery. liquid. See “Containership. Pertinent information such as bill of lading number. Axle Load Maximum load permitted to be carried on each axle of a motor vehicle.

and location of cargo within the container. and Freight (CIF) A term of trading in which the buyer of the goods pays for the cost of the goods. Consolidation The combination of many small shipments into one container. and if the warehouse is privately-owned. Customs House A government office where import duties. and savings are passed on to shippers. normally container vessels. inbound cargo in a container are devanned for deliveries to consignees as LCLs. Alternatively. Container Load Plan (CLP) A document prepared to show all details of cargo loaded in a container. Consolidator A person or firm performing a consolidation service of small lots of cargo for shippers. Cost and Freight (C&F) A term of trading in which the buyer of the goods pays an amount that covers the cost of the goods plus the cost of transporting the goods from origin to the port of discharge or final destination. consignees. The storage or delivery of goods are under the supervision of customs officers. and nitrogen concentrations are regulated. It is fitted with vertical cells for maximum capacity. Container Yard (CY or C. Custom House Broker An individual or firm licensed to enter and clear goods through Customs. CFS closing is around 24 hours ahead of CY closing. Currency Adjustment Factor (CAF) An ancillary charge on ocean freight to compensate for exchange rate fluctuations. Hired by an importer to carry out Customs-related responsibilities and covered by power of attorney to act on behalf of the importer/exporter of record. and picked up loose at destination.S. in a trade lane to maximize their resources efficiently. Containership An ocean vessel specifically designed to carry ocean cargo containers. usually shipped by a firm called a consolidator. Customs on behalf of an importer/exporter of record. dry cargo.) Consolidation depots where parcels of cargo are grouped and loaded into containers. Insurance. Customs Broker A private business that provides documentation and entry preparation services required by CCRA and U. as are temperature and humidity. Closing The published deadline for export cargo or containers to be accepted for a sailing of the carrier. open-side. Container Freight Station (CFS or C. shippers.S.F. depending on the complexities of export Customs clearance formalities at the country. devanned by carrier at destination. Cost. flat-rack. e. on foreign shipments are handled. and the insurance premium for a maritime insurance policy for the value of the order. trains. and ships. Normally.or privatelyowned warehouse where dutiable goods are stored pending payment of duty or removal under bond. The consolidator takes advantage of lower FCL rates. reefer.CFR A pricing term indicating that the cost of the goods and freight charges are included in the quoted price. Consortium A group of carriers pooling resources. Delivered loose at origin point with vanning by carrier. Consolidated Cargo Cargo containing shipments of two or more shippers. Container Type Containers are classified under different types. open top. the origin and destination of goods. weight (individual and total).” Connecting Carrier Agreement (CCA) An agreement of freight rates for connections between feeder ports and the ports of call of vessels. markings.g. 77 HOTEL COST ESTIMATING GUIDE 2011 . which may not be delivered without a release from Customs. etc. the keeper has to enter into a bond as indemnity in respect of the goods deposited. A Container Load Plan is either prepared by the cargo consolidator or the shipper that ships its cargo on FCL terms. Container A van-type body that can be relatively easily interchanged between trucks. See “Late-Come. etc.Y. e. Customs Bonded Warehouse A publicly. CY closing is applicable to FCLs and CFS closing is applicable to LCLs. carbon dioxide. the cost of transporting the goods from origin to the port of discharge or final destination.) A facility inside or outside the Container Terminal that accepts laden export containers from shippers or laden import containers for delivery to consignees. Controlled Atmosphere (CA) An atmosphere in which oxygen. measurement. Cube the Shipment Measure the total cubic feet of the shipment.g. CFS/CFS A kind of cargo movement by container.

stores. Delivered Duty Unpaid (DDU) In DDU. 112 pounds in the U. and bunker fuel a ship can carry and transport. Delivered Duty Paid (DDP) In DDP. powder. . Deadweight (D. paid duty and tax. the shipper clears the goods for export and is responsible for making them available to the buyer at the named place of destination. Delivery Order A document authorizing delivery to a nominated party of cargo in the care of a third party. Customs Valuation The determination of the value of imported goods for the purpose of collecting ad valorem duties. and other free-flowing solids in bulk.S. one on top of the other. the shipper clears the goods for export and is responsible for making them available to the buyer at the named place of destination. Devanning The removal of cargo from a container. CY/CY Cargo loaded by the shipper in a full container at origin and delivered to the carrier's terminal at destination for pickup intact by consignee.S. CY/CFS Cargo loaded in a full container by a shipper at origin. Cut-off Time Latest possible time the cargo or container may be delivered to the vessel or designated point.. road transportation between the nearest ocean port or railway terminal and the stuffing/destuffing place. Dry-Bulk Container A container constructed to carry grain. a CY. or a Container Terminal. Dock Receipt A document used to acknowledge receipt of cargo or container at a CFS. Hundredweight (100 pounds in the U. Drayage Charge made for local hauling by dray or truck. When delivery of an expert shipment is completed." Deadweight Tonnage (D/W) The number of total weight tons of cargo. or property while being transported.). stores. or stripping." Dangerous Goods The term used by I.O.M. Customs-Trade Partnership Against Terrorism (C-TPAT) A joint government and trade community initiative in developing. Detention (Demurrage) Charges raised by the carrier or the forwarder for detaining a container/trailer at customer premises for a period longer than that provided in the tariff of the carrier or the forwarder. Differential Rate An amount added to or deducted from the base rate to make a rate to or from some other point or via another route. delivered to a CFS facility at destination. See “Closing. See "Deadweight Tonnage. safety. The term is more commonly used in U.HOTEL COST ESTIMATING GUIDE 2011 78 Customs Self Assessment (CSA) A joint Canada/U. Dry Cargo Cargo that does not require temperature control. for hazardous materials that are capable of posing a significant risk to health. enhancing. The document is issued by a carrier or a forwarder on surrender of a bill of lading and then used by the merchant to transfer title by endorsement. the dock receipt is surrendered to the vessel operator or the operator's agent in exchange for the ocean or house bill of lading. Destination Delivery Charge (DDC) A charge assessed by the carrier for the handling of a full container at destinations.W. and maintaining effective security processes throughout the global supply chain. cleared for import.S.) The number of tons of cargo. unloading. and bunker fuel that a vessel can carry and transport. and then devanned by the carrier for loose pickup." Dedicated Unit Train A unit train operated by various railroads for exclusive usage. Door-to-Door Through transportation of a container and its cargo from consignor's premises to consignee's premises. not cleared for import.” Cwt.K. border initiative aimed at speeding up the Customs process on low-risk shipments. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces when submerged to the "load line. Also known as unstuffing. Double-deck Load A second tier of cargo placed on top of the first tier. Double Stack Train (DST) Rail or train capable of carrying two 40' containers. trade. D Dangerous and Hazardous (D&H) See "Dangerous Goods.C.

See “Ex-Works.A. Foreign Exchange Controls Government restrictions on the use of currency. Ex Works An INCOTERMS term of sale in which the buyer is responsible for taking delivery of the goods at the premises of the factory. The parties may agree to have title and risk pass at a different time or to allocate freight charges by a written agreement. F. Freight forwarders are designated as common carriers.” FCL/LCL See “CY/CFS.” Export Declaration A government document permitting designated goods to be shipped out of the country. title and risk remain with the seller until they have delivered the freight to the delivery location specified in the contract. Once delivery is complete. The shorter the dwell time. It is the end of liability of carriers or forwarders. It is an IMCO standard information requirement for dangerous goods. Origin Title and risk pass to the buyer at the moment of the seller’s delivery to the carrier. Freight All Kind (FAK) A system whereby freight is charged per container. Free Storage Period (FSP) A carrier offers a period of time. Freight (a) The price paid to the carrier for the transportation of goods or merchandise by sea or air from one place to another. When bulk shipments are involved.” FCL/FCL See “CY/CY. government agency responsible for the regulation of all maritime activities. or other payment types to regulate imports.B. Accidents or incidents caused by the forces of nature. the carriers are prepared to negotiate a longer FSP with the consignees. The term may also refer to the company that fills railroad trains with trailers.S. exports. Free In and Out (FIO) A term used in ship-chartering whereby the owner of the ship is not responsible for any charges incurred in the ports of loading or unloading.C. free of all transportation expense. The buyer is responsible for loading the goods onto the transport vessel and paying all the cost of shipping beyond that location.Dunnage Lumber or other material used to brace materials in carrier's equipment or containers. E Empty Depot A container yard used for the storage of empty containers. and not according to a tariff. normally three to five days. border security agreement. e. Freight Collect The freight and charges agreed upon by the shipper and carrier are payable at the destination.g. Force Majeure Force of nature.O. bank drafts.O. which are beyond the power of people to control. Free On Board (FOB) The seller agrees to deliver merchandise. the title to all the goods and the risk of damage become the buyer’s. (b) Also used to denote goods that are in the process of being transported from one place to another. there will be an overtime storage charge or demurrage levied by the carriers to the consignee. F FCA Free Carrier. from inbound load to empty available to outbound load. Free Along Side (FAS) A basis of pricing meaning the price of goods alongside a transport vessel at a specified location. Flash Point A temperature at which certain flammable cargo will trigger spontaneously ignite. Dwell Time Expressed in terms of number of days that a container changed from one status to another. Final Destination The place at which the carrier or the forwarder actually turns over the container or cargo to the consignee of its agent. Under this arrangement. Destination Changes the location where title and risk pass. Forty Foot (40’) Equivalent Unit (FEU) Commonly describes a 40-foot container or two TEUs. Also known as “F. at destinations whereby imported containers or cargo are allowed to be taken for delivery by consignees free of any storage charge. of which C-TPAT and PIP are the main initiatives. They also issue bills of lading and accept responsibility for cargo. Free and Secure Trade (FAST) A joint Canada/U. F.” Federal Maritime Commission (FMC) U.S. and trade balances. to the place specified by the contract.B. the more efficient the container utilization will be. 79 HOTEL COST ESTIMATING GUIDE 2011 . irrespective of the nature of the cargo. Freight Forwarder A freight forwarder combines less-thantruckload (LTL) or less-than-carload (LCL) shipments into carload or truckload lots. After the FSP.

Section XI. . will add digits for tariff and statistical purposes. Harmonized Commodity Description and Coding System A multi-purpose international goods-classification for manufacturers.S. medical equipment. packaging. Heavy Lift Articles too heavy to be lifted by a ship's tackle. international maritime law that is universally recognized and applied.I. A vessel ton is 100 cubic feet. dollars. I Import Permit Usually required for items that might affect public health. Heavy-Lift Charge A charge made for lifting articles too heavy to be lifted by a ship's tackle. Sections encompass an industry (e. not to cargo.R. Fuel Adjustment Factor (FAF) An ancillary charge on ocean freight shipments to account for fluctuations in fuel costs. ready for shipment. Textiles and Textile Articles). customs officials.g. Gross Weight Entire weight of goods. Carpets).” Hull Underwriter The person with whom the ship hull. It is organized into 99 chapters arranged in 22 sections. an international customs organization in Brussels. statistical suffixes will be at the ten-digit level. cassettes. govern liability for loss or damage to goods carried by sea under a bill of lading. The basic code contains four-digit headings and six-digit subheadings. Chapter 50. plants. non-statutory. Hague-Visby Rules 1968 Revision of Hague Rules. General Average An unwritten. machinery apparel. or TV movies). House Bill of Lading (HB/L) Bill of lading issued by a forwarder or an NVOCC operator. vegetation. General Rate Increase. Full Berth Terms (FBT) Indicates that the cost of loading and discharge is included in the steamship rate quoted. and tackle is insured. transporters. of the vessel's closed-in spaces. Ship owner pays these. and various written material (including tapes. (The U. For ODFL. and chapters encompass the various materials and products of the industry (e.HOTEL COST ESTIMATING GUIDE 2011 80 Freight Prepaid Freight and charges are required to be paid by a shipper before an original bill of lading is released. G General Agreement on Tariff and Trade (GATT) An international multilateral agreement embodying a code of practice for fair trading in international commerce.S.” Gross Tonnage Applies to vessels. which may require sacrifice or the incurring of extraordinary expense on the part of one for the benefit of the whole venture. House-to-House (H/H) See “CY/CY. exporters. duty rates will be at the eight-digit level.g. feedstuffs. adopted in March 1978 at an international conference in Hamburg. and others in classifying goods moving in international trade under a single commodity code. statisticians. G. Functional Currency The currency of the primary economic environment of an entity. TV tapes. Manmade Staple Fibres.S. House-to-Pier (H/P) See “CY/CFS. importers.. usually 9’ 6”.) In the U. Full Container Load (FCL) An arrangement whereby the shipper packs cargo into a container provided by the carrier or the forwarder before delivering to the container terminal. In some countries an import permit is the same as an import license. morals. pharmaceuticals (human and veterinary). Examples include foodstuffs. in cubic feet. It is an arrangement that will be applied when the vessel encounters serious accidents caused by force majeure.000 headings and subheadings describing the articles moving in international trade. movies. animal life. Determined by dividing by 100 the contents. H Hague Rules These rules. etc. Silk. and container. Chapter 55. It is founded on the principle that vessel and goods are parties to the same venture and share exposure to the same perils. Chapter 57. In Bond A term indicating that an imported shipment was not cleared by Customs at the border and is moving under a surety bond. this code is a hierarchically-structured product nomenclature containing approximately 5. Developed under the auspices of the Customs Cooperations Council (CCC). High Cube (HC or HQ) Any container that exceeds 8’ 6” (102”) in height. this is U. seeds. set by the 1924 International Convention on Carriage of Goods by Sea. Hamburg Rules A new set of rules that radically alters the liability that shipowners have to bear for loss or damage of goods in the courts of those nations where the rules apply.

International Maritime Consultative Organization (IMCO) A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods. Lighter An open or covered barge towed by a tugboat and used mainly in harbours and inland waterways. 81 HOTEL COST ESTIMATING GUIDE 2011 .S. LCL/FCL See “CFS/CY. One nautical mile is roughly equivalent to 1. It is customary practice for carriers and forwarders to demand letters of indemnity from consignees for taking delivery of cargo without surrendering a bill of lading that has been delayed or is lost. ISO's work results in international agreements. INCOTERMS A set of uniform rules codifying the interpretation of trade terms defining the rights and obligations of both buyer and seller in an international transaction. Customs to monitor in bond shipments moving in the U. Load Factor Percent of loaded containers against total capacity of vessel or allocation. price of each type and terms of sale. Lien A legal claim upon goods for the satisfaction of some debt or duty. quantity. Liner Terms Freight includes the cost of loading onto and discharging from the vessel. Interior Points Intermodal (IPI) A term used by ocean carriers to describe door-to-door delivery service. Inland Clearance Depot A CFS with Customs clearance facilities. The fact that the containers are of the same size and have common handling characteristics permits them to be transferred from truck to railroad to air carrier to ocean carrier.15 statute miles or 1.” LCL/LCL See “CFS/CFS. Intermodal Transport Moving ocean freight containers by various transportation modes.” K Knot A unit of speed.S. Longshoreman Workers employed in the terminals or quays to load and unload ships. Letter of Indemnity Guarantee from the shipper or consignee to indemnify carriers or forwarders for costs and/or loss. which are published as International Standards. one from each country. and maritime regulations become internationally acceptable. which carriers publish to the trade.In Transit Document (IT) (Form 7512) Document issued by a licensed Customs broker. International Organization for Standardization (ISO) ISO is a worldwide federation of national standards bodies from some 130 countries. which allows U. INCOTERMS are drafted by the International Chamber of Commerce. International Maritime Dangerous Goods (IMDG) Code The IMCO recommendations for the carriage of dangerous goods by sea. Liner Vessel plying a regular trade/defined route against a published sailing schedule.” Less than Container Load (LCL) Cargo in quantity less than required for the application of a container load rate. thereby enabling an otherwise complex basis for a sale contract to be accomplished in three letters. The type of invoice required is determined by the shipment’s value. L Late-Come A term used in the liner industry when extensions are being given to the shippers against the official CY or CFS closing date and time. They are also known as “stevedores. The term "knot" means velocity in nautical miles per hour whether of a vessel or current. in order to obtain favourable action by carriers or forwarders. It is a nongovernmental organization established in 1947 to promote the development of standardization facilitating international trade. Invoice Documentation supplying Customs with the type of goods. Long Ton 2.85 kilometers. bulk commodities. Lloyds' Registry An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment. Lift-On/Lift-Off (LO-LO) A container ship onto which containers are lifted by crane.240 pounds. if any. Lighterage Refers to the carriage of cargo by lighter and the charge assessed therefor.

They are of important use before containerization. Also called actual net weight. One of the alternative bases of Freight Tariff. Marine insurance typically compensates the owner of merchandise for losses sustained from fire. Also known as I. rates are also applicable to eastern Canada. Atlantic and Gulf ports. and various other causes but excludes losses that can be legally recovered. depot lift-on/lift-off charge. which in due course is issued in exchange for that receipt. O. Mini-Bridge Cargo moving from/to an inland destination on one bill of lading from/to a foreign port through two U. North American Free Trade Agreement (NAFTA) The joint Canada. a detailed summary of the total cargo or containers loaded in a vessel. Used principally for customs purposes. the weight of the contents of a tin can without the weight of the can.P. insurance covering loss or damage of goods at sea.S. Negotiating Bank A bank named in the credit. Microbridge A landbridge movement in which cargo originating from/ destined to an inland point is railed or trucked to/from the water port for a shipment to/from a foreign country. etc. Net Weight Weight of the goods alone without any immediate wrappings.P. and by the engine room and fuel. Non-negotiable Bill of Lading Copy of the original bill of lading.I. shipwreck.S.g. drop-off charge. and 102 days for 40'HQ. e. square. west coast steamship companies in conjunction with railroads serving the western U. i. circle. off-hire repair cost. which cannot be negotiated with banks. Mexico. Non-vessel Owning / Operating Common Carrier (NVOCC) (a) A cargo consolidator of small shipments in ocean trade.C.HOTEL COST ESTIMATING GUIDE 2011 82 Low-Bed A trailer or semi-trailer with no sides and with the floor of the unit close to the ground.C. examines the documents and certifies to the issuing bank that the terms are complied with. Due to off-hire quota limitation. for navigation. generally soliciting business and arranging for or performing containerization functions at the port. Rate Overland Common Point rates are generally lower than local tariff rates. ports. or Through Service. Measurement Ton One cubic meter. The carrier is responsible for cargo and costs from origin to destination. They were established by the U. Master Bill of lading (MB/L) See “Ocean Bill of Lading. O Ocean Bill of Lading (Ocean B/L) A bill of lading issued by the ocean-going carriers. diamond.e. the average on-hire period is around 73 days for 20'GP and 40'GP. Net Tonnage A vessel's gross tonnage minus deductions of space occupied by accommodation for crew. by rail. The individual in possession of the mate's receipt is entitled to the bill of lading. import) manufacturing plants located in Mexico. Marks and Numbers Markings placed on packages for export for identification purposes.S. Mini Landbridge (MLB) An intermodal system for transporting containers from/to a foreign country by water to/from a U. at through rates and documents. Marine Insurance Broadly. by machinery. ocean port other than the arrival port.P. (b) A carrier issuing a bill of lading for carriage of goods on a vessel that he neither owns nor operates. ports so that cargo originating from or destined to the American midwest and east would be competitive with all-water rates via the U. Maquiladoras Duty-free (for U. piracy. N Negotiable Bill of Lading Original bill of lading endorsed by shipper that is used for negotiating with banks. it is also called summary of Bills of Lading. . A vessel's net tonnage expresses the space available for passengers and cargo. acknowledging receipt of cargo by the vessel. on/off hire drayage. S. and United States treaty to reduce tariffs and trade barriers to promote cross-border economic activity.” Master Lease Leasing Cost Master lease leasing cost includes container rental. O. Mate's Receipt A receipt signed by a mate of the vessel. or cross with letters and/or numbers and port discharge.S. generally a triangle.S. M Manifest A document that lists in detail all the bills of lading issued by a vessel or its agent or master.

” Place of Acceptance See “Place of Receipt.O. number of passengers for the port at which the vessel is arriving.O. Also called “Entry Declaration. The on-board date of bills of lading is the date on which liabilities of the carrier start. after which the containers are returned to the lease holder at or near the agreed destination.L.R. there can be a number of PODs during the course of shipment until it reaches the final POD. Port of Call A port where a vessel discharges or receives traffic. including their weight and measurement. the Q flag is hoisted. Also called “Quarantine Fees. Open-Top Container A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or unloaded from the top.) A terminal handling charge levied at ports of loading. name of agents. Pier-to-House (P/H) See “CFS/CY. An electronic system that allows CCRA to review and pre-release shipments for import into Canada. number of crew.) Location where cargo enters the care and custody of the carrier. P Packing List A document provided by the shipper detailing the packaging of the goods. Q Quarantine The period during which a vessel is detained in isolation until free from any contagious disease among the passengers or crew. Same as Place of Acceptance. number of transit passengers. under concurrence. on which a number of packages or pieces may be loaded to facilitate handling by a lift-truck. Quarantine Declaration A document signed by the captain and the ship’s doctor before the port health officer when a ship arrives at the quarantine station. which are the modern substitute for quarantine. assortment. Pallet A platform (usually two-deck). (c) Opening in a ship's side for handling freight.R.S.” 83 HOTEL COST ESTIMATING GUIDE 2011 . first port of voyage and date of sailing. The word is now applied to the sanitary regulations. to a tariff issued by another transportation line or by a tariff's publishing agent.” Place of Receipt (P. with or without sides. Port of Loading (P. Partners in Protection (PIP) A CCRA initiative designed to enlist the cooperation of private industry in efforts to enhance border security and increase awareness of customs compliance issues. deaths. One-Way Lease The lease of containers that covers the outbound voyage only. Port (a) Harbour with piers or dock. When transshipment is needed.S. It gives the name of the ship.” Pier-to-Pier (P/P) See “CFS/CFS. Origin Receiving Charge (O. cases of infectious diseases during voyage. Quarantine Buoy One of the yellow buoys at the entrance of a harbour indicating the place where vessels must anchor for the exercise of quarantine regulations. Pre-Arrival Processing System (PAPS) An electronic system that allows U. They normally have to be stowed in an open-top container. Participating Carrier (Tariff) A carrier that is a party. Pre-Arrival Review System (PARS/INPARS) Available both at the border and inland (INPARS). intermediate ports called at. etc.On Board Bill of Lading A Bill of Lading in which a carrier acknowledges that cargo have been placed on board a certain vessel. Port of Discharge (POD) The port at which cargo or containers are unloaded from a vessel.” Quarantine Dues A charge against all vessels entering a harbour to provide for the maintenance of medical control service. During the quarantine period.C. nature of cargo and.” Place of Delivery See “Final Destination. Port of Arrival Location where imported merchandise is offloaded from the importing aircraft or vessel.) The port at which cargo or containers are loaded onto vessels. Overheight Cargo Cargo that exceed 9-1/2 ft. The port health officer then proceeds with the medical inspection of passengers and crew. It is the starting port of carrier’s liability upon receipt of cargo from shippers. (b) Left side of a ship when facing the bow. in height. Customs to review and pre-release shipments for import into the U. tonnage. Port of Entry A port where cargo and containers destined elsewhere are actually discharged from a vessel.

000 kilos or 1 cubic meter (for metric system). and customers’ broker representatives with proactive notification of shipment acceptance. port rotation. transit time. Relay To transfer cargo from one ship to another of the same ownership. It is also used for passengers and crews of vessels arriving from suspected ports while fumigation or any other disinfection is carried out onboard ship. or similar service features). Reefer The generic name for a temperature-controlled container.” It is used to calculate freight charges. This kind of bill of lading is normally issued to acknowledge receipt of shipment before cargo loading or before the official original bill of lading is issued. or the recovery of the ship herself. NVOCC operator. referring to the movement of the container between origin and destination. Also known as “Bill of Lading Ton” or “Freight Ton. review. Release Notification System (RNS) The electronic notification system that provides customers.” Shipped On-board Endorsement on a bill of lading confirming loading of cargoes or containers on a vessel. Service Contract The Shipping Act of 1984 of the U. It generally means the value of ship and cargo when they have been brought to a place of safety by the salvors. or forwarders when cargo are stuffed into the container by shippers. Release Note A receipt signed by a customer acknowledging the delivery of cargo. NVOCC operators. NVOCC operator. or conference commits to a certain rate or rate schedule and a defined service level (such as assured space.HOTEL COST ESTIMATING GUIDE 2011 84 Quarantine Flag (Q Flag) A yellow flag used as a sanitary signal. or a Shipping Conference in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period. Salvage Value The value on which salvage is awarded. See also “Shipper’s Load and Count. customs agencies. condition. It is displayed by all vessels entering a harbour.S. Shipper The person for whom the owners of a ship agree to carry goods to a specified destination and at a specified . The containers. taking into consideration the size and weight of containers. their agents. Salvage Lien A maritime lien that exists when a ship or goods come into the possession of one who preserves them from the perils at sea. are specially-designed to allow temperature-controlled air circulation within the container. or other third parties.” R Received-for-Shipment Bill of Lading A term used in contrast to shipped bill of lading or on-board bill of lading. Also see “On-board Bill of Lading. and release. Salvage Clause A marine insurance policy clause that states the proportion of salvage charges for which underwriters are liable. Quarantine Station A medical control center located in an isolated spot ashore where patients with contagious diseases from vessels in quarantine are taken. The officer responsible for such a function is called a “Ship Planner. All salvage services carry with them a maritime lien on the items saved. and also when a contagious or infectious disease exists on board or when the vessel has been placed in quarantine. and marks of identification on seals made at various times and places. allows a contract between a shipper (or a shippers' association) and an ocean common carrier. Ship Chandler An individual or company selling equipment and supplies for ships. Salvage Property that has been recovered from a wrecked vessel. Seal Record A record of the number. A refrigeration plant is built into the rear of the container. Ship Planning A function in the operations of container vessels where containers have to be planned for loading onto vessels. as distinguished from the Received-for-Shipment bill of lading.” Shipped Bill of Lading A bill of lading issued only after the cargo have actually been shipped on board the vessel. types of cargo. Roll-On/Roll-Off (Ro/Ro) A feature designed in a specially-constructed vessel in both the loading and discharging ports. which are insulated. Revenue Ton (R/T) The greater weight or measurement of cargo where 1 ton is either 1. etc. and the ocean common carrier. S Said to Contain (STC) A standard clause used to protect carriers. Nowadays. Quarantine Harbour A place where vessels in quarantine are stationed when arriving from contaminated ports. transshipment and discharging port rotation. not many shippers ask for this kind of bill of lading. The contract may also specify provisions in the event of nonperformance on the part of either party.

A stack car holds ten 40foot equivalent units. and crew while the charterer supplies the cargo.the 1st copy is called Shipping Order. Through Rate The total rate from the point of origin to the final destination. etc. bunkers. delivering it to a merchant. surveyor and sworn measurer. or other final distribution facility. and returning the laden container.and for different purposes such as space control. Stuffing The loading of a container. Terminal Receiving Charge (TRC) A charge assessed by the terminal for cargo being delivered for export. As EDI is more popular nowadays and used by both the shipper and Customs. Terminal An assigned area in which containers are prepared for loading into a vessel or are stacked immediately after discharge from the vessel. Slot Space on board a vessel occupied by a container. Also called “Consignor. in carload shipments. Shipping Order A set of documents of carriers or forwarders that allows the shippers to book shipping space with them. Stack Car An articulated five-platform railcar that allows containers to be double-stacked. Tare Weight The weight of packing material or. Store-Door Pickup Picking up an empty container from a carrier. Through Service (Thru Service) A combination of transportation by sea and land services to/from the point of origin to the final destination. the weight of the empty freight car or the weight of a container.” The conditions under which the transportation is effected are stipulated in the bill of lading. and the remainder are called Shipping Order Copy or Dock Receipt . Shipside Delivery A special cargo handling instruction for cargo to be delivered right away at shipside after discharge. Terminal Handling Charge (THC) A charge of carriers for recovering the costs of handling FCLs at container terminals at origin or destination. T T-floor Interior floor in a reefer. Stowage A marine term referring to loading freight into the ships' holds. Stripping The unloading of a container. Tariff A publication setting forth the charges.price. and rules of transportation companies. Straight Bill of Lading A term for a non-negotiable bill of lading. Refers to a complete package of delivery services performed by a carrier from origin to final consumption point. Shipper Owned Container (SOC) The container used for cargo shipment is owned by the shipper. Starboard The right-hand side of a ship when facing the bow.” Store-Door Delivery (STOR/DOR) Delivery of goods to the consignee's place of business or warehouse by motor vehicle. wholesale. Shipper’s Export Declaration (SED) A form often required prior to exporting a product. the portion of store-door pickup performed by the carrier's trucker. confirmation of receipt of cargo/containers. Time Charter A charter party hiring a vessel for a specified period of time in which the shipowner provides the vessel. rates. Standard International Trade Classification (SITC) A standard numerical code used by the United Nations to classify commodities used in international trade. There are a number of copies with the same form and contents but with different names . 85 HOTEL COST ESTIMATING GUIDE 2011 . Shut-out Cargo or containers that are not loaded on-board the intended vessel in line with the Shipping Order confirmed with the carrier. a hard copy Shipping Order is no longer widely used. Shipper's Load and Count Shipments loaded and sealed by shippers and not checked or verified by the carriers or forwarders. Stevedore See “Longshoreman. whether that be a retail. Neither the carriers nor the forwarders will assume any liability for shortages of cargo as long as the container seal remains intact at the time of devanning. so named because of the longitudinal T-shaped rails that support the cargo and form a plenum for air flow beneath the cargo. See “Overview of the Shipper's Export Declaration (SED)” for more information.

Transit Port A port where cargo received are merely en route and from which they have to be transferred and dispatched to their ultimate destination by coasters.C. and crew while the charterer supplies the cargo.). etc. Unit Load Packages loaded on a pallet. perhaps 100. description of shipment. Tramp A freighter vessel that does not run in any regular trade lane but takes cargo wherever the shippers desire. VAT. UNCTAD United Nations Conference on Trade and Development UNCTAD MMO UNCTAD Multi Modal Transport Convention Underwriter In marine insurance. marks. destination. The invoicing party is due to collect and remit this tax. Tranship To transfer goods from one transportation line (trade lane) to another. A waybill is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination. consignee. Transit Cargo Goods onboard. Waybill (WB) A document prepared by a transportation line at the point of a shipment. Unit Train A train of a specified number of railcars. which upon their arrival at a certain port are not to be discharged at that port. a waybill is not a document of title. in consideration for which he receives a premium. 1994.” Twenty Foot (20’) Equivalent Unit (TEU) Commonly describes a 20-foot container. bunkers. Unlike a bill of lading.C. U UCP500 Revised and updated version of UCP operating from January 1. Weight Cargo A cargo on which the transportation charge is assessed on the basis of weight. Also called “Transshipment Port. Vessel's Manifest Statement of a vessel's cargo or containers (revenue. or any other way that enables them to be handled at one time as a unit. V Vanning A term sometimes used for stowing cargo in a container. one who subscribes his name to the policy indicating his acceptance of the liability mentioned therein. Uniform Customs and Practice of Documentary Credit (UCP) The "bankers Bible" on Documentary Credit Interpretation issued by the the International Chamber of Commerce (I. . Voyage Charter A charter party hiring a vessel for a particular voyage in which the shipowner provides the vessel. Shows the point of the origin. and so on. Towage The charge made for towing a vessel. and amount charged for the transportation service. consignor. Transhipment Hub A port that is employed by a carrier for transshipping its carriers from one transportation line (trade lane) to another. consignee. Tonnage Generally refers to freight handled.HOTEL COST ESTIMATING GUIDE 2011 86 Time Volume Agreement (TVA) A contract between a carrier and shipper specifying the movement of a number of containers over time. W War Risk Insurance coverage for loss of goods resulting from any act of war. route. Wharfage A charge assessed by a pier or dock owner against freight handled over the pier or dock or against a steamship company using the pier or dock. wherein the cars remain in a unit for a designated destination or until a change in routing is made. barge. in a crate. Mexico Valued-Added Tax on the portion of service provided by the Mexican carrier. or from one ship to another.).

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