Sheraton Hotel Redding At Sundial Bridge - Redding Record ...

Building and Site
Improvements
Furniture, Fixtures and
Equipment
For the purpose of developing a cost estimate using the Marshall & Swift Cost
Estimator program, the subject property has been classified as a Class D, Rank 5
hotel building. Based on information obtained from Azul Hospitality Group, the
total building area of the subject property is estimated to be ±77,334 square feet.
FIGURE 12-6 MARSHALL & SWIFT ESTIMATE
Occupancy Class Height Rank
100% Hotel, Full-Servi ce D 10 5
Total Area 77,334
Number of Stories (Section) 3
Shape 2
Number of Rooms 130
Cos t a s of Feb-11
Area Per Square Foot Total Per Room
Basic Structure
Base Cost 77,334 $143.49 $11,096,656
Exterior Walls 77,334 18.52 1,432,226
Heating & Cooling 77,334 13.64 1,054,836
Elevator 2 126,977.00 253,954
Sprinklers 77,334 5.45 421,470
Basic Structure Cost 77,334 $184.38 $14,259,141 $109,686
The proposed property will open in June 2012 and will feature 130 rooms, a
restaurant, a lounge, 6,217 square feet of meeting space, an outdoor pool and
whirlpool, an exercise room, a lobby workstation, and vending areas. The hotel
will also feature all necessary back-of-the-house space.
Building and site improvements include all buildings and other relatively
permanent structures located on, or attached to, the subject parcel. The cost of the
improvements includes costs of materials, fees, and labor to construct the subject
property’s improvements. Based on these considerations, the replacement cost of
the building as if new utilizing the Marshall & Swift Cost Estimator program has
been estimated to be $109,686 per room, or a total of $14,259,141.
Furniture, fixtures, and equipment (FF&E) include all non-permanent, removable
items at the subject property, such as guestroom furnishings, kitchen equipment,
and items of décor. The cost of the furniture, fixtures, and equipment, along with
all fees associated with installing and furnishing the items in the subject property,
February-2011 Cost Approach
Sheraton Hotel Redding At Sundial Bridge – Redding, California 112