Hotel Asset Management Services

The City of Denver, Colorado is seeking a vendor to provide comprehensive hotel asset management services. The agency needs to optimize the financial performance and operational efficiency of its hotel asset while ensuring high guest satisfaction. To solve these challenges, the selected partner will serve as the primary liaison to third-party property management and brand representatives. The scope of work requires the vendor to assist the City with a new hotel management agreement and facilitate the transition to a new hotel operator if necessary. The chosen provider must analyze hotel financial statements, evaluate market positioning, and challenge hotel management to address areas of opportunity. Additionally, the agency requires the vendor to evaluate brand or operating initiatives to reduce costs, ensure contract compliance, and strategically negotiate with management to maximize return on investment. Only onshore organizations based in the United States are eligible to bid on this opportunity. The agency expects the performance of all contracted work to occur offsite. Bidders must submit their proposals digitally either via email or through the designated online portal, and the agency is currently looking for proposal submissions to determine the budget. 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. The agency will evaluate proposals based on the bidders' ability to analyze financial statements, assess operating performance, and identify the excellence and shortcomings of individual hotel management company proposers.