HVS International Presents the 2001 Hotel Development Cost Survey

The San Francisco office of HVS International, the global hospitality consulting and hotel appraisal firm, has just released its annual Hotel Development Cost Survey. Published annually since 1979, the survey tracks nationwide hotel development costs. HVS International has completely revised its methodology and reporting for the 2001 Hotel Development Cost Survey. This year, we are launching a redesigned hotel development cost survey to include a larger range of hotel products and a new classification of development cost categories. While prior years’ surveys differentiated between three general property types—luxury, standard, and economy—the HVS International Development Cost Survey considers the evolution of hotel facilities, resulting in six hotel product categories. The introduction of extended-stay hotels and the proliferation of focused-service properties merited an expanded analysis of development costs.
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