How Much Does It Cost to Build a Motel?
If you are considering starting a motel business, ensure you have the correct estimated expenses. The hospitality industry is lucrative, and the cost of building a motel is much lower than hotels. 2 to 3-story motels close to significant highways serve as ideal accommodations for Motorists due to the low rent and basic facilities. Several factors should be considered before estimating the cost of building a motel; however, on average, it costs around $160.04 per square foot in the US. Starting a hotel in New York or California typically costs between $750,000 and $1,000,000 for a small motel and, on…