Hotel Construction Cost per Square Meter 2025 Calculator
Published reference: USD 227.90–334.95 per ft² (USD 2,453.10–3,605.37 per m²), Gordian / BD+C: Hotel construction costs for 2025, 2025 source column.
Hotel construction cost for a 15-story U.S. model averages $261.76 per square foot nationally in 2025 (about $2,818 per square meter; Gordian/RSMeans via BD+C), ranging from $227.90 per square foot ($2,453 per square meter) in Orlando to $334.95 ($3,605 per square meter) in New York. Development cost per room is a separate scope: the 2025 HVS survey puts the median across all segments at $219,000 per room, from about $167,000–$169,000 for limited-service to $409,000 for full-service and over $1,057,000 for luxury. These sources are U.S. only; we hold no sourced hotel cost for Cyprus, Thailand or other countries, so enter your own local rate there.
Who it's for: architects, owners, and estimators who need to apply a published reference or their own dated hotel construction rate using transparent arithmetic — not a market forecast — for a specific quantity and allowance set, at feasibility or schematic design.
Hotel construction cost per m² or ft²
Choose a published reference, enter matching floor area, and calculate. Source facts travel with the result; you do not need to retype them.
Compare published rates and source details
Approximate published-reference total
Result, source and assumptions to copy
Reference arithmetic, not a project budget. No current-price adjustment, currency conversion or extra allowance is applied. A rate's cost inclusions remain those of its source.
Have a project-specific rate or additional allowances? Use the separate manual calculation.
Quick U.S. hotel reference comparison
Choose a category and room count. Source currency, period and scope travel with the result.
Survey total development cost—not construction alone.HVS cautions against using its survey to determine the cost of a specific project. This is a reference comparison, not a local quote, valuation or approved budget.
HVS U.S. Hotel Development Cost Survey 2026 · published 2026-07-13 · costs observed in 2025 calendar year. No current-price adjustment or additional allowances are applied.
Approximate published-reference total
Room count × rounded reported median. No extra allowance is added to the development-cost total.
Source values, scope and limitations
- Select-service: about USD 200,000 per room.
- Upscale extended-stay: about USD 265,000 per room.
- Full-service: about USD 467,000 per room.
The survey covers land, building/site improvements, soft costs, FF&E, pre-opening/working capital and developer fee. Component medians must not be added to reconstruct the total; project-specific inclusions are not established here. This pilot supports three categories only; it does not interpolate missing categories.
Different editions elsewhere on this page are separate observations, not a year-to-year price index.
—
Published area rates and sources
| Reference and period | Published / ft² | Converted / m² |
|---|---|---|
| 15-story hotel — U.S. national average (2025)2025 source column | USD 261.76 | ≈ USD 2,817.56 |
| 15-story hotel — Orlando (2025)2025 source column | USD 227.90 | ≈ USD 2,453.10 |
| 15-story hotel — New York (2025)2025 source column | USD 334.95 | ≈ USD 3,605.37 |
Method, source scope and period
1 ft² = 0.09290304 m². Divide a USD/ft² rate by this factor for USD/m². Divide m² area by the same factor before multiplying by the original rate. Only displayed values are rounded.
NIST area conversion definition. Unit conversion does not reconcile gross, net, finished or rentable area definitions.
15-story hotel — U.S. national average (2025)
15-story hotel construction model. Complete cost inclusions are not itemized; this is not a total-development budget. Use floor area measured on the source model basis. Gross, net and rentable areas are not interchangeable. No other hotel height, service tier or location is inferred. Room-based HVS development costs are a separate task.
Gordian / BD+C: Hotel construction costs for 2025 · publication date: 2025-04-17 · period: 2025 source column.
15-story hotel — Orlando (2025)
15-story hotel construction model. Complete cost inclusions are not itemized; this is not a total-development budget. Use floor area measured on the source model basis. Gross, net and rentable areas are not interchangeable. No other hotel height, service tier or location is inferred. Room-based HVS development costs are a separate task.
Gordian / BD+C: Hotel construction costs for 2025 · publication date: 2025-04-17 · period: 2025 source column.
15-story hotel — New York (2025)
15-story hotel construction model. Complete cost inclusions are not itemized; this is not a total-development budget. Use floor area measured on the source model basis. Gross, net and rentable areas are not interchangeable. No other hotel height, service tier or location is inferred. Room-based HVS development costs are a separate task.
Gordian / BD+C: Hotel construction costs for 2025 · publication date: 2025-04-17 · period: 2025 source column.
Selected figures read 2026-09-11. That check date is not a cost observation date. Missing inclusions remain unknown, not excluded; do not automatically add land, fees, FF&E, taxes or contingency.
Two source endpoints are separate scenarios, not a statistical interval. No bed, seat or room count is converted to area.
Published benchmarks
Development cost per key from the HVS survey, and construction cost per square foot from RSMeans. Pick a row to use it as the entered rate, or enter your own.
| Benchmark | Value | Unit | Edition | Scope | Source | |
|---|---|---|---|---|---|---|
| Limited-service (incl. midscale extended-stay), per key | 167,000–169,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | |
| Select-service, per key | ~223,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | |
| Upscale extended-stay, per key | ~265,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | |
| Full-service, per key | 409,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | |
| Luxury, per key | >1,057,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | Reference only — enter a verified rate separately |
| All-segment median, per key | 219,000 | $/key | 2025 survey (2024 projects) | US | HVS U.S. Hotel Development Cost Survey 2025 · read 2026-10-12 | |
| 15-story hotel model, national average (10-city) | 261.76 | $/sf | 2025 | US national average | RSMeans data (Gordian), via Building Design + Construction | |
| 15-story hotel model, Orlando (low of 10 cities) | 227.90 | $/sf | 2025 | Orlando, FL | RSMeans data (Gordian), via Building Design + Construction | |
| 15-story hotel model, New York (high of 10 cities) | 334.95 | $/sf | 2025 | New York, NY | RSMeans data (Gordian), via Building Design + Construction | |
| Hotel, 3-star, hard construction cost | 385–515 | $/sf | Q1 2026 | Chicago, IL | RLB Quarterly Construction Cost Report, North America, Q1 2026 | |
| Hotel, 5-star, hard construction cost | 530–810 | $/sf | Q1 2026 | Chicago, IL | RLB Quarterly Construction Cost Report, North America, Q1 2026 | |
| Hotel, 3-star, hard construction cost | 385–530 | $/sf | Q1 2026 | New York, NY | RLB Quarterly Construction Cost Report, North America, Q1 2026 | |
| Hotel, 5-star, hard construction cost | 530–795 | $/sf | Q1 2026 | New York, NY | RLB Quarterly Construction Cost Report, North America, Q1 2026 |
Each button selects the stated displayed value, not a typical rate, statistical confidence interval, or recommendation. Inequality bounds are reference-only. Figures are as published on the linked page; check edition, unit, scope and what the rate includes before using one. When a base-date field is present, enter its verified date yourself; a publication year is not a benchmark base month.
How to use this calculator
The formula
Worked example
When this estimate will be off
- HVS gives development cost per key; the RSMeans area model does not itemize all cost inclusions, while RLB labels its separate area rates as hard construction costs. Do not combine these scopes or convert keys to floor area.
- RLB hard-cost rows cover Chicago and New York only, at 3-star and 5-star; no other city or star rating has an RLB row on this page.
- Benchmark rows on this page are sourced reference points, not market data for your project; no currency conversion is supplied.
- No cost-plan, procurement, escalation, tax, finance, schedule, risk, or professional adequacy determination is made.
Frequently asked questions
Yes. Choose one of the published area references above and enter floor area in m² or ft². Its source, period and scope stay attached to the result. No unlisted model, local premium, current-price adjustment or complete project budget is inferred.
No. Room, bed and seat counts are not areas. Only the published area-reference form converts m² and ft², preserving the same area. The separate manual form needs a quantity and rate already expressed in matching units; no currency conversion is performed.
No. It applies transparent arithmetic to a user-supplied benchmark and allowances — it does not predict bids, escalation, or final cost.
Use a dated source for the same market, currency, measurement basis, scope, and project type as the hotel construction project you're estimating. The benchmark table above lists sourced reference points, not market data for your project.
So nothing already included in the base rate is counted twice. Enter only allowances not already reflected in the benchmark rate itself.
Only to the extent those costs are already included in your verified base rate or explicit additional allowances. This worksheet does not separately derive or validate escalation, taxes, finance, procurement risk, or professional adequacy.
Sources
- User-identified cost source — must provide the rate, market, date, currency, measurement basis, scope, inclusions and exclusions
This free Hotel Construction Cost Calculator is built and maintained by DataDrivenAEC, using the relevant codes and standards. It does not substitute for professional judgment.