What contributes to the cost per room of the proposed project?
Contributing factors are 1) a longer term life expectancy and campus design standards, 2) executive conference space to accommodate state-of-the-art delivery as compared to conventional “meeting” space, 3) borrowing costs related to revenue bonds not incurred in the private sector, 4) inclusion of debt payments during first eighteen months of operations, and 5) pre-development marketing costs are included to take advantage of proposed operator’s ability to induce non-North Carolina demand.
