FREE DEVELOPMENT CALCULATOR
Cost per Key Calculator
Calculate total hotel investment per completed guest room.
INDICATIVE RESULT
€200,000Total hotel development cost€30,000,000
Completed rooms150
Calculated directly from the assumptions shown.
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How the cost per key calculation works
Cost per key = total hotel development cost ÷ completed hotel rooms.
Example calculation
€30m of total project cost for 150 rooms equals €200k per key.
INVESTMENT USE
How professionals use the result
Use cost per key to compare hotel projects, but separate land, construction, FF&E and pre-opening costs when benchmarking.
Common mistakes
- Excluding FF&E or pre-opening costs
- Using gross planned rooms rather than saleable rooms
- Comparing different hotel standards
- Ignoring land and finance definitions
CLEAR ANSWERS