KRG Hospitality
Know the cost.
Plan your next move.
Explore the capital needed to develop or remodel your hotel, before the expensive decisions.
Calculating your hotel estimate...
Capital planning
Your hotel opening budget
Land purchase and property acquisition are excluded. Remodel totals cover renovation and reopening only.
Project overview
Planning quantities- Estimated rooms
- Estimated building area (all floors)
- Floor allowance
- Parking allowance
Floor and parking allowances are preliminary planning quantities.
Your budget breakdown
| Budget category | |
|---|---|
| Total capital budget | |
| Cost per key |
Subcategory and category amounts are rounded to whole dollars and reconciled to the total budget.
Quick benchmark analysis
Year 3 illustration- Occupancy benchmark
- Average daily rate (ADR)
- Occupied room nights / year
- Estimated guest nights / year
Estimated annual revenue
| Room-based revenue | |
|---|---|
| Additional guest revenue | |
| Total estimated revenue |
Estimated annual expenses
| Operating costs | |
|---|---|
| General expenses | |
| Total estimated expenses |
Income, valuation and payback
| Net Operating Income / year | |
|---|---|
| Net Operating Income / month | |
| Illustrative valuation | |
| Valuation per key | |
| ROI years (simple payback) |
Stabilized Year 3 illustration using KRG guide benchmarks. ROI years is a simple payback estimate on the displayed budget using Year 3 annual NOI. Property acquisition, financing, taxes and the opening ramp-up are not modelled separately.
Understand the estimate.
Planning estimates based on KRG hotel cost-guide benchmarks. Actual costs depend on location, property condition, project scope and supplier pricing. These benchmarks require validation for your property. Amounts are rounded for display.
Before you commit
A budget is the beginning.
Clarity comes next.
Pressure-test your hotel concept, property, capital and next steps with the KRG Roadmap.
These guides are founded upon KRG Hospitality’s proprietary database of previous project costs, which includes project data from restaurants, bars, hotels developed over the past 24 months. Drawing upon this comprehensive guide, an industry leading expert has analyzed the information and provided a succinct and user-friendly summary of the findings for each major start-up category. While using this guide helps develop a rough preliminary financial and strategic milestone plan, it is strongly recommended that you seek professional expert advice to provide a more precise, project-specific estimate as each concept and market will be slightly different. KRG Hospitality Inc. is therefore not responsible for any project that is not currently under contract with the company.