We just opened a brand new hotel, built from the ground up. it's 145 rooms and in columbus, oh and it cost approx. ten million. It's not full service (no restaurant, no spa, etc.) but it does have a work out facility and an indoor pool.
Go to http://www.score.org/template_gallery.html and download the Excel template for estimating start up costs.
hotel or motel? im guessing between $300,000-$1,000,000
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