Hotel Asset Management Services

The City and County of Denver, Colorado, is seeking a qualified vendor to provide comprehensive hotel asset management services. The agency needs a partner to serve as the primary liaison to third-party property management and brand representatives. This partner will assist the city with a new hotel management agreement and, if necessary, facilitate the transition to a new hotel operator. The scope of work requires the selected vendor to conduct detailed analyses of hotel financial statements and operating performance to identify areas of opportunity. The agency expects the vendor to challenge hotel management, evaluate brand or operating initiatives to reduce costs, and maintain high guest satisfaction. Additionally, the vendor must ensure compliance with management contracts and strategically negotiate with management to maximize the city's return on investment. The evaluation process will involve analyzing individual hotel and eligible hotel management company proposers' financial statements, operating performance, market positioning, and other key indicators. The agency will use these analyses to identify the excellence and shortcomings of individual companies. Eligible bidders must be onshore organizations based in the United States. The agency will allow the selected vendor to perform all work offsite. Bidders must submit their proposals digitally via email or through the online portal. The agency has not disclosed a set budget and is looking for cost proposals within the submissions. The agency has scheduled a pre-bid meeting for June 17, 2026. Bidders must submit all questions regarding this opportunity no later than June 26, 2026.