Hotel Cost Management

Hotel cost management is a specialty. Not everything that calls itself cost management qualifies.

Hotels are unlike other construction projects. Civil works and MEP systems are the foundation, but on top of that you have brand-specified interiors, FF&E packages, OS&E, pre-opening costs and an opening date that is not negotiable once rooms are sold, and a brand agreement is signed.

A cost overrun in a hotel project is not just a budget problem. It changes your debt servicing, your investor returns, your opening timeline, and in some cases the viability of the brand arrangement itself.

We have been managing hotel costs since 2008, across full-service hotels, limited-service properties and mixed-use developments with hotel components. We understand what brand standards actually cost, where value engineering is possible without triggering brand rejection, and how to track FF&E budgets through international procurement cycles.

Currently providing cost management on a 900-key hotel development, one of the largest currently under construction in India.

What we manage

Pre-construction

Full capex budgets covering civil, structure, MEP, interiors, external works, FF&E, OS&E, soft costs and pre-opening items.
Cost benchmarking against comparable hotel projects in India and internationally.
Brand standards cost-impact assessment, understanding what is negotiable and what is not.
Phasing plans and cash flow projections aligned with your financing structure.

During construction

Cost monitoring and reporting against approved budgets, by trade package, by floor, by cost head.
Variation and change order assessment, independent of the contractor's interpretation.
Value engineering options that do not compromise brand compliance or functionality.
FF&E tracking and procurement cost management across local and international vendors.
Reporting formats your lender, investor and board can actually read.

Handover and project close-out

Final account settlement across all contractors and suppliers.
Cost documentation for investor reporting, future benchmarking and asset management.

Who comes to us

Hotel developers	Managing their first project or their tenth, they need independent cost advice.
Real estate developers	Adding a hotel component to a mixed-use scheme where cost overruns affect the whole project.
Investors and family offices	Entering hospitality for the first time and needing credible cost oversight.
Asset managers	Overseeing a refurbishment or expansion where the brand relationship is at stake.

Hotels reward people who plan costs properly and punish everyone else.

We help you be in the first group.

Discuss your hotel project with our cost team