As Italy continues to improve its hotel portfolio by renovating properties, by converting or building new assets, pressure climbs for updated and reliable data. With the appetite of investment funds growing for this asset class, investors and professionals are more keen to plan carefully each capital expenditure to monitor its impact on return. The knowledge covering how much it costs to build, renovate, convert, revamp hotels is still very limited, though.

We acknowledge that each project is different, thus average values cannot be used as exact parameters. They can be very useful, though, for a financial planning exercise in the early stage of project, especially in a country where information is, in general, limited and fragmented. We are working to provide the industry with more information, to advance with it, thus we hope this data will be supportive for your next project.