4-star hotel construction cost per sq ft in Toronto
Full-service 4-star hotels in the Greater Toronto Area, hard cost only.
Short answer (November 2026): 4-star hotel construction in the GTA costs $365–$565 per sq ft in hard costs, before soft costs, contingency and HST (Altus Group 2026 Canadian Cost Guide). For example, a full-service 4-star hotel of 200,000 sq ft comes to $73.0M – $113.0M in hard cost.
A full-service 4-star hotel of 200,000 sq ft
| Hard cost (200,000 × $365–$565) | $73.0M – $113.0M |
| Soft costs at 20% | $14.6M – $22.6M |
| Contingency at 10% | $8.8M – $13.6M |
| Indicative total | $96.4M – $149.2M |
Included: the building above grade, including foundations.
Not included: GST/HST, site development, parking, land and financing. Soft costs and contingency above are illustrative assumptions; change them in the calculator.
Source: Altus Group, 2026 Canadian Cost Guide (GTA hard costs, CAD per sq ft), used with permission. Ranges are indicative; your site, scope and procurement route will move the number. See all 17 building types →