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Originally Posted by JAM
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The Four Seasons was budgeted at $125 million. I read somewhere recently (and will be happy to go back and look up the link) that the Frost tower cost $137 million about 10 years ago, which might mean a cost of around $200 million max in today's dollars. I kind of wonder about that $300 million figure for the W quoted in the Stateman article, wondering whether the developers aren't doing what developers do, which is to play with the truth sometimes. Maybe it cost that much, but I kind of doubt it. I don't think the Austonion even cost that much. Perhaps the costs associated with fitting out a hotel and the other street level amenities added a lot to the W's costs.
http://www.amazines.com/Real_Estate/...ticleid=415457