Urban Hotel Conversion Cost Forecast
An old office building being converted into a 310-key hotel, with surprises behind every wall.
- Owner
- Confidential
- Region
- U.S. West
- Market
- Hospitality
- Our role
- Cost forecasting and change control
- Size
- 310 keys
- Delivery
- CM at-risk
- Duration
- 24 months
- Status
- In progress · 2026
What is at stake.
Existing conditions differ from the drawings on almost every floor. Each discovery brings a change, and the owner's lender asks every month for a forecast of the final cost.
What we are doing.
Beck Franklin's role: cost forecasting and change control. We advise and measure; the contractor builds.
Monthly forecast
We forecast the final cost each month from commitments, approved changes and pending changes.
Discovery log
Each existing-condition discovery is logged, priced and scheduled within two weeks.
Contingency tracking
Contingency draw is tracked against remaining risk, so the owner knows how much cover is left.
Lender reporting
The lender's monthly draw package is built from the same forecast.
Where it stands.
In a conversion, the walls tell you the cost. We log every discovery so the forecast is never a surprise.
Cost engineer, Beck Franklin
Illustrative imageMore from Buildings.
All Buildings
Hospitality · 2024Resort Hotel Renovation PhasingU.S. Southeast · Phasing schedule · 20 months
Sports & Entertainment · In progressStadium Seating Bowl Rebuild ControlsU.S. Southwest · Schedule risk and cost forecasting · 36 months
Healthcare · 2025Acute Care Bed Tower Baseline RebuildU.S. Southeast · Baseline development · 34 months
Facing something like this?
Send us the schedule and the date that matters. We will tell you what is driving it and where you can still act. Repeat or similar projects qualify for our discounted Program Rate.