There are several types of projects. Business design includes hotel concept, financial model, business plan and selection of a building site or a refurbishment project. The cost of this stage is from 0.2% to 0.5% of the total project amount, but not less than 5000 USD. This is a crucial stage at which all the details are worked out and a return on investment is ensured.
In architectural design, the appearance of the building is developed, the functional purpose of all rooms is developed, the environment is formed, and drawings are created. This includes a planning project, a general plan of the territory, a design project, architecture, exterior, planning solutions, working and planning documentation for construction.
The cost of this stage ranges from 1% to 5% of the total cost of the hotel.