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City of Coral Springs·Florida

Hotel Developer And Operator For The Sportsplex

Closes 10/21/2026$30M – $70MRequest for Proposal
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Description

The City of Coral Springs, FL is seeking a qualified development partner to design, finance, construct, and operate a new hotel on a 4.5‑acre parcel within the Sportsplex. The hotel must be a minimum 3‑star (diamond) property with at least 225 guest rooms, include pool amenities, and feature a rooftop bar or lounge. Proposals are to be submitted electronically via the City’s e‑procurement portal by 2:00 pm on Wednesday, October 21, 2026. The solicitation includes a five‑year operating pro‑forma that outlines expected revenues, expenses, and economic impact for the hotel and associated aquatics facilities. • Scope: Full‑service hotel development (design, financing, construction) and long‑term operation. • Site: Undeveloped 4.5‑acre parcel at the southeast corner of Sportsplex Drive and Sample Road. • Minimum hotel size: 225 rooms, 3‑star rating, pool features, rooftop bar/lounge. • Submission: Sealed electronic responses via https://procurement.opengov.com/portal/coralsprings. • Deadline: 2:00 pm, October 21, 2026. • Evaluation: Based on development capability, financial strength, operational plan, and alignment with the City’s 5‑year pro‑forma. • No pre‑bid meeting, site visit, or Q&A deadline disclosed.

Attached files

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

Contact

Miguel Machuca

[email protected]

(954) 344-1101

Key dates

Opened
9/14/2026
Questions due
10/9/2026
Closes
10/21/2026

Last updated

Details

Type
Request for Proposal
Industry
Hospitality and Tourism
NAICS
721110
Solicitation №
26-A-354

Budget estimate

$30,000,000 – $70,000,000

The solicitation does not disclose a contract value. Based on industry benchmarks, a 225‑room, 3‑star hotel typically costs roughly $180,000–$250,000 per room to build, suggesting a construction budget of $40 M–$56 M. Adding land acquisition, financing, soft‑costs, and a multi‑year operating contract could push the total award value into the $50 M–$80 M range. Therefore, a reasonable estimate for the total budget to the winning developer/operator is between $30 M (conservative lower bound) and $70 M (upper bound), depending on financing structure and scope of services.

AI estimate from the solicitation

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