Ski Lodge Startup Costs: $595M, 85 Rooms, 58%

It costs at least $595 million in modeled CAPEX to open this 85-room Ski Lodge before adding property purchase or lease deposits, pre-opening expenses, and working capital The largest modeled capital items are initial furniture and fixtures at $15 million, snow grooming and ski lift access at $12 million, kitchen equipment at $800,000, and common-area renovation at $750,000 This budget assumes 85 available rooms, Year 1 occupancy of 58%, and starting room rates from $500 to $1,800 depending on room type and day type You should also plan for a cash reserve because fixed expenses and wages total about $183,000 per month, and the model shows minimum cash of -$67,000 in Month 4

Calculate Fuding Needs

Startup cost summary

This table covers the main startup CAPEX and excluded cash needs for a ski lodge hotel, with scenario ranges for planning.

Highlighted CAPEX$4,850,000Base planning example

Excluded cash needs$67,000Outside CAPEX total

Funding need$4,917,000CAPEX + excluded cash needs

Cost Category	Base Estimate	Main Cost Driver	CAPEX Calculator
Initial Furniture & Fixtures	$1,500,000	Guest-room and public-space fit-out	Yes
Snow Grooming & Ski Lift Access	$1,200,000	Resort access and snow operations setup	Yes
Gourmet Kitchen Equipment	$800,000	Commercial kitchen build-out and equipment	Yes
Lobby & Common Area Renovation	$750,000	Public-space renovation and finishes	Yes
Luxury Spa Equipment	$600,000	Spa treatment rooms and equipment	Yes
Opening Cash Buffer	$67,000	Month 4 cash gap plus pre-opening payroll and readiness costs	No

Estimate Startup Costs with Calculator

Startup CAPEX Calculator

Estimates capitalized startup assets only for a ski lodge, not operating cash needs.

CAPEX only This block covers capitalized startup assets only. It excludes inventory, payroll runway, debt service, working capital, operating losses, and any lease or security deposits. Add any separate property purchase cost outside this calculator if you have a priced deal.

What does the Ski Lodge CAPEX tab show?

This Ski Lodge Financial Model Template CAPEX tab shows startup costs, timing, amounts, and depreciation/amortization—open it and review assumptions.

Key screenshot highlights

$595M CAPEX plan
85 rooms, 58% occupancy
Month 4 cash low

Ski Lodge Financial Model capex inputs letting users customize capital expenditures for property, equipment, renovations and investments; fully customizable assumptions to plan spending and funding needs.

Compare 3 Startup Cost Scenarios

Scenario table

Room count, renovation depth, and winter operations push startup cost fast. Lean, Base, and Full show how a smaller leased lodge, the 85-room model, and a premium resort build change the cash need.

Lean vs Base vs Full for a ski lodge launch.
Scenario	Lean LaunchLower cash	Base LaunchModel build	Full LaunchHigher cash
Launch model	Leased or lightly renovated small lodge with fewer rooms and basic guest service.	The 85-room, full-service resort model with the researched room mix and operating plan.	A deeper-renovation resort build with premium rooms, full dining, spa, shuttle, and larger working capital.
Typical setup	Small room mix, limited food service, fewer amenities, and a smaller snow-operations footprint.	Matches the model's 85 rooms, 58% Year 1 occupancy, $245k extra income, and about $183k monthly fixed plus wage run-rate.	Adds more room upgrades, a bigger kitchen, broader spa scope, stronger snow ops, and more reserve months.
Cost drivers	Fewer rooms light renovation basic kitchen limited amenities smaller winter assets	85-room build full kitchen spa snow operations core technology	Deeper renovation premium rooms larger kitchen bigger spa more reserves
Planning rangeCAPEX only	$2.5M - $4.0MLower capex	$5.95MBase capex	$7.5M - $10.0MHigher capex
Best fit	Best for founders who need speed to opening, lower capital, and simpler service.	Best for teams with enough capital to launch the full guest experience on the model's footprint.	Best for founders with more capital who want a fuller service level and can wait longer to open.

Planning note: These ranges use the model's researched assumptions and are planning bands, not vendor quotes or fixed bids.

How should a ski lodge financial model use the startup budget?

Ski Lodge’s startup budget should bridge the build into the funding plan, not the guest pitch. Map the $595M CAPEX from Month 1 to Month 12, then separate startup expenses, payroll ramp, fixed overhead, working capital, financing, and depreciation/amortization; with 85 rooms, 58% Year 1 occupancy, room-type ADRs, and $245k in extra income, the model must also hold up against 60% marketing and sales commissions, 20% guest amenity supplies, 80% food and beverage costs, 15% spa product costs, and the -$67k Month 4 cash low.

Funding plan

Map $595M CAPEX by Month 1 to 12
Split startup expenses from payroll ramp
Keep fixed overhead and working capital separate
Track financing and depreciation/amortization clearly

Cash test

Use 85 rooms and 58% occupancy
Add $245k Year 1 extra income
Apply 60%, 20%, 80%, and 15% cost assumptions
Validate runway against -$67k in Month 4

What hidden costs come with starting a ski lodge?

Starting a Ski Lodge has hidden launch costs beyond CAPEX: permits, insurance binders, deposits, legal and accounting setup, utility activation, hiring before opening, training, uniforms, opening supplies, photography, reservation setup, online travel agency listings, Wi-Fi readiness, and snow-season ramp-up. The cash drag is real: fixed monthly costs run $88k, including $10k property insurance, $25k utilities, $18k property taxes, $8k landscaping and snow removal, and $5k legal and accounting, and Month 4 minimum cash falls to -$67k. That’s why working capital matters more than just build-out spend; see How Much Does The Owner Of Ski Lodge Make? before you fund the opening.

Hidden launch costs

Permits and insurance binders
Deposits and utility activation
Legal, accounting, and setup fees
Hiring, training, uniforms, and supplies

Cash you need

Fixed monthly costs: $88k
Year 1 wages: $114M
Month 4 minimum cash: -$67k
Keep an off-peak cash cushion

How much money do you need to start a ski lodge?

You’d fund a Ski Lodge as CAPEX + pre-opening costs + first-season working capital; in this model, CAPEX alone is $5.95M for an 85-room property, before purchase price, deposits, debt service, or owner draw. For the operating target, track cash burn against What Is The Most Important Metric To Measure Ski Lodge’s Success? because Year 1 assumes 58% occupancy, room rates of $500–$1,800, fixed overhead of $88k/month, and wages of about $95k/month.

Startup funding

Use $5.95M modeled CAPEX
Add pre-opening expenses separately
Add first-season working capital
Reserve signal: -$67k in Month 4

Run-rate check

Fixed overhead: $88k/month
Wages: about $95k/month
Base burn: about $183k/month
Excludes variable costs and financing

Key Takeaways

Property and renovation needs are the biggest, most variable cost.
Room FF&E alone implies about $176k per room.
Kitchen and back-of-house spend must match service model.
Pre-opening cash must cover the Month 4 funding gap.

Ski Lodge Core Five Startup Costs

Property, Leasehold, And Renovation Startup Expense

Leasehold Base

This is the biggest and most variable startup CAPEX. Because no purchase price is provided, keep property acquisition or lease deposits as separate inputs, then add modeled renovation costs of $750k for lobby and common areas, $300k for room tech, and $200k for an emergency generator.

Buildout Scope

This bucket covers guest-room conversion, code compliance, accessibility upgrades, parking, fire and life safety, winterization, heating systems, and resort-access buildout. One clean rule: if it changes the building shell, systems, or guest safety, it belongs here, not in FF&E.

Use separate vendor quotes
Split code vs cosmetic work
Track permit-driven changes

Timing And Cash

Plan these draws in Month 6 through Month 11 for common areas, room technology, and generator work. That timing matters because it creates a late-stage cash need, so the budget should show staged contractor payments, not one lump sum.

Stage work by trade
Match draws to milestones
Hold cash for delays

Cost Control

Keep compliance work separate from guest-facing upgrades, then bid each package on its own. The usual mistake is bundling safety, accessibility, and aesthetic finishes together, which hides overruns. Protect the $200k generator scope and the $300k room-tech budget from add-ons that don’t move revenue.

Pre-Opening Payroll, Licensing, Insurance, And Launch Startup Expense

Pre-Open Cash

Separate this from CAPEX and fund it anyway. This bucket covers business registration, lodging permits, food-service permits if dining is offered, insurance binders, legal and accounting, hiring, training, uniforms, photography, listing setup, launch marketing, guest supplies, and opening inventory. Add $10k monthly property insurance, $5k legal and accounting, and $3k software to the opening cash plan.

Burn Rate

Payroll run-rate is about $95k monthly and fixed overhead is $88k monthly, so cash burns before rooms fill. Year 1 wages are stated at $114M, so the model should be checked against hiring pace and training length. Here’s the quick math: every extra month before opening adds another month of payroll, insurance, and admin.

Hire in waves, not all at once.
Train front-line roles first.
Delay nonessential uniforms and décor.

Launch Spend

Keep launch marketing tied to 60% of Year 1 marketing and sales commissions, then phase photography, listing setup, and guest supplies with the opening date. Buy opening inventory in waves so cash stays liquid for permits and payroll. One line to remember: spend to open, not to overstock.

Working Capital

Working capital should cover the -$67k Month 4 cash gap. That gap is the real funding test, because permits, insurance, payroll, and launch costs land before occupancy does. If opening slips, the gap widens, so keep reserve cash inside the funding ask.

Guest Room FF&E And Common-Area Furnishing Startup Expense

Room load

With 85 rooms and $15M of furniture and fixtures in Months 1 to 3, the implied average is about $176k per room before lobby, spa, kitchen, technology, and winter assets. The mix is 20 Alpine Suites, 35 Deluxe Kings, 25 Mountain View rooms, and 5 Grand Chalets.

What it buys

This spend covers the guest-facing package that sets the rate: beds, mattresses, linens, TVs, lighting, seating, bath fixtures, storage, plus lobby furniture, fireplace areas, and skier-friendly amenities. Use room counts × unit prices, plus freight and install quotes, to keep the budget real.

Tighten it

The cleanest control is standardizing the 60 non-flagship rooms and reserving the richest spec for the 20 Alpine Suites and 5 Grand Chalets. Don’t cheap out on mattresses, linens, or ski storage; those are what guests touch most. The usual mistake is buying one-off pieces that raise freight, delays, and install labor.

Price fit

Weekend ADRs of $700 to $1,800 only work if rooms feel worth the rate. The guest-room package has to support sleep, storage, and ski convenience, or price gets cut later through discounts and weaker reviews. In a mountain lodge, room quality protects rate integrity.

Winter Operations, Technology, And Guest-Service Startup Expense

Mountain Access

The opening spend is heavy because guests expect the mountain to work on day one. This line item totals $12.9M across $12M snow grooming and ski lift access, $450k IT and point-of-sale systems, $300k room technology, and $150k valet ski storage. Phase the work from Month 1 through Month 12 so access, payment, and guest flow open together.

What It Covers

Build the estimate from vendor quotes, room counts, and install timing. Cover property management system, booking engine, website, Wi-Fi, security, keyless entry, POS, ski lockers, boot dryers, shuttle coordination, signage, and snow-removal assets. The big spend is the mountain access buildout; the rest should support daily check-in and ski-day flow, not add unused features.

Keep It Lean

Keep the stack practical. Buy only the room tech and service tools guests will use, and avoid software layers that duplicate the property management system or POS. Ask for phased quotes by Month 1-6, Month 7-10, and Month 10-12, then trim nice-to-haves first. The small upside is clear: Year 1 valet ski revenue is $15k and guided tours add $10k.

Guest-Flow Payoff

That $25k of Year 1 ancillary revenue helps the guest story, but it does not change the capex math. Treat winter operations and service tech as opening-critical infrastructure, not profit centers. If the mountain access or room systems slip, service breaks fast; if they land on time, the lodge can sell the premium stay it is built for.

Kitchen, Dining, Laundry, And Back-Of-House Startup Expense

Build Scope

The kitchen and back-of-house build covers $800k of equipment from Month 2 to Month 4: refrigeration, cooking line, dishwashing, smallwares, storage, dining furniture, bar gear if used, laundry machines, linens processing, waste handling, and health-department readiness. One line: this spend only works if the service model is set first.

Margin Check

Here’s the quick math: Year 1 food and beverage (F&B) sales of $150k at 80% cost leave $30k gross profit. That has to sit beside a $120k Head Chef salary and 5 FTE at $55k each, or $395k in wages. The gap is why dining format matters.

Model Choice

Breakfast-only, outsourced dining, and full-service dining are not the same budget. Breakfast-only can trim line equipment and staffing; outsourced dining shifts capex and labor out, but adds vendor control risk; full-service needs the most gear, labor, and compliance spend. One line: buy for the menu you will actually sell.

Control Spend

Use menu volume and quotes to size each item: units × unit price, plus installation and compliance. Don’t overspend on bar setup or laundry if occupancy is low, but don’t cut refrigeration, dishwashing, or health-department items. The safest savings come from matching capacity to expected covers, not from skipping core systems.