Request for Proposal Hotel Development Services
Bid/RFP Status:
Open - accepting bids and proposals
The City of Delta is soliciting proposals from professional development teams capable of developing a new Hotel on city-owned property. The selected development team will work closely with the City of Delta, Delta County and Delta Urban Renewal Authority (DURA) to create a public private partnership that results in at least one Upper Midscale Hotel on the property. The Delta community has long expressed a desire to bring a new hotel to the City, and recent market and feasibility studies reveal growing demand for this type of development. The City, the County, and DURA are prepared to offer a substantial incentive package for this Hotel Project, provided that the right Private Sector partner is identified.
The Development Team selected must demonstrate:
- Robust Development Portfolio with Completed Projects and Values
- Proven Track Record Developing Upper-Midscale Hotels in the Mountain West and Colorado
- Development Experience with Public Private Partnerships (URAs, DDAs, BIDs)
- Development Experience with Tax Increment Financing Incentives, Fee Waivers and Land Equity
SUBMISSION REQUIREMENTS:
The City of Delta, Delta County, and the Delta Urban Renewal Authority are seeking a Development Team to join them in a public private partnership to develop a Hotel on City owned Property. This Public Private Partnership will involve a layered incentive package, one that could include land equity, tax increment financing, and fee waivers. The size of this incentive package will ultimately be determined by the private sector partner’s experience, track record, and vision for the development.
The goal for this Project is to design and construct an Upper Midscale Hotel on the subject property. This could include either a Flag or Independent Hotel. Subsidies and incentives will be leveraged to make this hotel development feasible and will be commensurate with the vision and quality of the development.
The Delta partnership will select the proposal that clearly provides a detailed vision for the Hotel Development, outlines a feasible strategy for its success, and leverages the Development Team’s experience with the public-private partnership being advanced by the City, County, and the Delta Urban Renewal Authority.
Proposals are being accepted on a rolling deadline.
