📊 Topic

Per-key development cost

1 story · First covered Feb 23, 2026 · Latest Mar 3
Per-key development cost Coverage
The Monarch San Antonio Just Opened at $925K Per Key. Let's Talk About What That Actually Costs.

The Monarch San Antonio Just Opened at $925K Per Key. Let's Talk About What That Actually Costs.

A $185 million, 200-room Curio Collection hotel just opened in downtown San Antonio at nearly a million dollars per key. The architecture is stunning. The chef pedigree is real. The math? That's where it gets interesting.