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  5. ›Step I Request For Qualifications CSP 25-912 Headquarters Hotel Dev…

City of Tulsa·Oklahoma

Step I Request For Qualifications CSP 25-912 Headquarters Hotel Developer

Closes 12/18/2024$12.5M – $25MRequest for Qualification
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Description

The City of Tulsa is seeking a qualified hotel‑development firm (or joint‑venture team) to design, finance, construct, own, and operate a new “headquarters” hotel adjacent to the Cox Business Center Convention Center. The hotel will be approximately 650 rooms with ~54,000 sq ft of meeting space, serving both convention‑center traffic and independent group business. Qualification requires demonstrated ability to deliver projects of $250 million or more, provide a detailed financing plan, and coordinate with public‑funding tools and a long‑term ground lease. Key dates include a Nov 27 2024 deadline for questions, a Dec 18 2024 submission deadline, demolition slated for Q1 2026, and subsequent Step II solicitation expected in early 2025. • Scope: Full‑service hotel development – concept design, construction management, financing, ownership, and operation. • Financial requirement: Ability to fund a $250 M+ project; must propose use of on‑site sales, hotel, property taxes and Oklahoma Leverage Act incentives. • Deliverables: Qualification package (original + 5 bound copies, plus PDF) demonstrating experience, financial stability, and alignment with city objectives; later, a detailed proposal in Step II. • Location: 600 Civic Center, Tulsa, OK 74103 (≈ 2.6 acres, current municipal court site). • Evaluation: Focus on past experience with large‑scale hotel projects, financial capability, and understanding of city integration goals (public plaza, parking assets, sustainability).

Attached files

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

Contact

Donny Tiemann(Project Buyer)

[email protected]

(918) 596-7551

Key dates

Opened
11/8/2024
Questions due
11/27/2024
Closes
12/18/2024

Last updated

Details

Type
Request for Qualification
Industry
Hospitality and Tourism
NAICS
721110
Solicitation №
CSP 25-912

Budget estimate

$12,500,000 – $25,000,000

While the solicitation does not disclose a contract price, the City expects a project capable of $250 million+ in construction and development. Assuming a typical developer profit margin of 5‑10 % of total project cost, the developer’s earnings could range from roughly $12.5 million to $25 million over the life of the project (including construction fees, financing spread, and operating profit). Factors influencing the final amount include the exact financing structure, public‑funding contributions, lease terms, and operational performance of the hotel.

AI estimate from the solicitation

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