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The mansion cost $11 million ($260,000,000 in 2009 dollars) of which $7 million was spent on 500,000 cubic feet (14,000 mÂ³) of marble. Vanderbilt's older brother Cornelius Vanderbilt II subsequently built the largest of the Newport cottages, The Breakers, between 1893 and 1895.
But that's still a bargain because it would cost upwards of $90,000 per room to build a full-service hotel, such as a Holiday Inn, says Hoffman, whose small company also owns two Holiday Inns. Turf's Holiday Inn Express operates at a 79% occupancy rate with room rates at about $105 per night.imilarly, an average Hampton Inn with 80 rooms costs between $6 million and $8 million to build, or $60,000 per room. Yet, investors can quickly recoup these costs, especially as occupancy and room rates continue to rise, says Hampton's Cordell. Hampton Inn and Holiday Inn are reporting healthy vital signs.