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Colorado

TR Master Plan - Hotel

Closes 1/9/2026Request for QualificationLogin required
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Description

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Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Les Brown(Purchasing Agent)

[email protected]

(970) 498-5954

Key dates

Opened
11/18/2025
Questions due
12/16/2025
Closes
1/9/2026
Projected award
5/1/2026
Duration
3 years

Last updated

Details

Type
Request for Qualification
Industry
Hospitality and Tourism
NAICS
721110
Solicitation №
Qu25-03

Budget estimate

$50,000,000 – $200,000,000

The budget for this project can be estimated based on the cost of developing and operating a hotel of similar size and quality. According to industry benchmarks, the average cost per room for a full-service hotel can range from $200,000 to $500,000. For a 200-250 room hotel, the total development cost could be between $40 million and $125 million. Additionally, the operator of the hotel can expect to generate revenue from room bookings, food and beverage sales, and other services. The average daily rate (ADR) for a hotel in this category can range from $150 to $300 per night, with an occupancy rate of 60-80%. Based on these estimates, the total revenue for the hotel could be between $10 million and $30 million per year. The County may also provide incentives or subsidies to support the development of the hotel, which could impact the budget. Overall, the budget for this project could be in the range of $50 million to $200 million over the life of the contract, depending on the specific terms and conditions.

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