JN+A and HVS Design Release 2013 Hotel Cost Estimating Guide
Jonathan Nehmer + Associates, Inc. (JN+A) and HVS Design are proud to announce the completion of the 2013 Hotel Cost Estimating Guide.
Jonathan Nehmer + Associates, Inc. (JN+A) and HVS Design are proud to announce the completion of the 2013 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.
In compiling this year's data, JN+A noted the following trends:
- Regional pockets of construction activity are causing wide swings in pricing due to demand, union pressures, and new code changes.
- Tub-to-shower conversions are becoming regular changes in many brand Property Improvement Plans.
- Freight costs rose significantly in 2012/2013, increasing between 15-25% depending on product location and the source of the FF&E (domestic vs. international)
"It is important that renovation costs be updated each year to provide decision-makers with quality, up-to-date 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, and our extensive network of contractors, purchasing agents, installers, and manufacturers provides us with verification of 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 www.nehmer.com/costguide.html.
HVS, the world"s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, celebrated its 35th anniversary in 2015. Established in 1980, the company performs 4,500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 35 offices and more than 500 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. HVS.com