The 10 most expensive hotels in the world to build each cost over a billion dollars. Hotels nowadays are a very competitive business. In order to outdo each other, hotels tend to spend on extravagances and features that are extremely expensive to incorporate. Simply featuring a large sized pool, a gym, a spa and a large car park is not enough to cut it anymore. Now, hotels often feature casinos, helipads, giant ballrooms and a myriad of other facilities. Of course, these amenities don’t come cheap, which is why the bill for building a hotel can run into hundreds of millions, if not billions of dollars.
The United States has hundreds if not thousands of major hotels all around the country. Some of them are extremely ostentatious, catering to the wealthy and their every whim and desire, as evidenced in the 11 most expensive hotels in New York City. On the other hand, countries like Macau, Singapore, and Saudi Arabia all have invested heavily in hotels in order to encourage tourists from around the world. It is not a surprise that all the countries whose hotels have made the list have a high level of tourism. In fact, the United States, which is the most visited country in the world, has 4 entries in the 10 most expensive hotels in the world to build. We have adjusted the cost while accounting for inflation as well, in order to create a more accurate ranking.
10. The Palazzo
Cost of hotel: $2.03 billion
Opened in 2007, The Palazzo is located on the Las Vegas Strip in the United States. The hotel was cited by Guinness as the largest hotel in the world, with 67 square meters per guest room. Construction of the hotel started in 2005 and was inaugurated on 30 December 2007, just in time for New Year’s Eve. The hotel features an extravagant casino as well.