This is an actual cost study for a site built motel
***
Substantial savings in these items
are achieved using modular construction
Call
863-318-7400,
talk to Bob
1-863-670-4278
|
Modulars USA Inc. |
|||
|
Construction Analysis - Site Built |
|||
|
Rooms |
60 |
BUDGET |
PER ROOM |
|
Land |
500,000 |
8,333 |
|
|
Development |
|||
|
Design *** |
25,000 |
417 |
|
|
Engineering |
12,500 |
208 |
|
|
Environmental |
1,000 |
17 |
|
|
Survey |
2,250 |
38 |
|
|
Testing (soil etc) |
2,750 |
46 |
|
|
Permits (all) |
28,000 |
467 |
|
|
Impact fees |
5,000 |
83 |
|
|
Sub total |
76,500 |
1,275 |
|
|
Construction |
|||
|
Buildings Complete *** |
2,000,000 |
33,333 |
|
|
Contingencies*** |
150,000 |
2,500 |
|
|
Signage |
40,000 |
667 |
|
|
Site-paving- landscaping |
51,000 |
850 |
|
|
Sub total |
2,241,000 |
37,350 |
|
|
Furnishings/Equipment |
|||
|
Monitoring/Computer |
21,000 |
350 |
|
|
Telephone Systems |
28,000 |
467 |
|
|
TV's/Antenna System |
51,000 |
850 |
|
|
Room Furnishings |
140,000 |
2,333 |
|
|
Sub total |
240,000 |
4,000 |
|
|
Financial |
|||
|
Appraisals |
4,500 |
75 |
|
|
Franchise Fee |
50,000 |
833 |
|
|
Developer |
50,000 |
833 |
|
|
Insurance |
2,700 |
45 |
|
|
Construction-Interest *** |
60,000 |
1,000 |
|
|
Work Cap-Start up |
44,000 |
733 |
|
|
Legal fees (closings) |
1,500 |
25 |
|
|
Title / Taxes / fees |
9,500 |
158 |
|
|
Financing Fees*** |
27,500 |
458 |
|
|
249,700 |
4,162 |
||
|
TOTAL PROJECT COST |
3,383,700 |
56,395 |
|
Modular construction saves time and
money
Modular Motels have beautiful interior hallways, can have towers,
porte-cocheres, and exterior appearance almost identical to that of a site built
structure
Modulars USA Inc.
#1 in motel construction in America