Jonathan Nehmer Associates, Inc. (JN A) and HVS Design are proud to announce the completion of the 2014 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.
Now in its sixth year of existence, the 2014 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury. Within each tier, costs are separated into the categories of Guestrooms; Guest Bathrooms; Guestroom Corridors; Public Areas; Food & Beverage Outlets; Function Space; Recreational Facilities; and Infrastructure.
The 2014 Hotel Cost Estimating Guide features estimated percentages for freight and warehousing for each tier, which is a first for the Guide. In compiling this year’s data, JN A noted the following trends:
• RFID locks are becoming industry standard.
• Higher percentage of full renovations of public spaces due to changing brand initiatives.
“It is invaluable to have updated renovation costs each year to provide the industry with realistic, history-based hotel renovation costs,” said Jonathan C. Nehmer, president of Jonathan Nehmer Associates and HVS Design. “Our extensive experience in hotel renovations gives us a thorough understanding of the renovation budgeting process. We work with the industry’s leading contractors, purchasing agents, installers, and manufacturers to compile the cost data that we have included in this Guide.” In addition to providing Architecture, Interior Design, and Project Management services, JN A is a leader in due diligence and Property Condition Assessments, for which budgets and capital expenditure planning are of utmost importance.
The Hotel Cost Estimating Guide is available as a complimentary download at http://www.nehmer.com/cost-guide/.
About JN A
Jonathan Nehmer Associates, Inc. (JN A), founded by Jonathan C. Nehmer, AIA in 1989, is an internationally-recognized Architecture and Project Management firm. Based in Rockville, Maryland, JN A specializes in design and project management for the hospitality industry. The firm’s portfolio of hotel and resort destinations includes projects throughout the United States and in many international locations, including Asia, Europe, the Caribbean, Australia, South America, Mexico, and Canada. The experienced staff of licensed Architects, Interior Designers, Development Executives, Contractors, and Owner’s Representatives coordinates the entire design and construction process from concept to completion. For more information, visit the company’s website, www.nehmer.com.
About HVS Design
HVS Design is a premier interior design firm, headquartered outside Washington, DC, providing interior design services for the hospitality industry. The firm has designed hundreds of hotels, luxury resorts, restaurants, golf/country clubs, timeshare communities, and conference centers throughout the United States and abroad. For more information, visit the company’s website, www.hvsdesignservices.com.