On behalf of and by direction of a Cleveland, Ohio-based commercial real estate development firm, Newmark Valuation & Advisory is pleased to request qualifications from experienced hotel management companies for a hotel development in the Ohio City neighborhood of Cleveland, Ohio. Mixed-use developments at the site are planned to include market-rate apartments, leased retail and restaurant space, and the new-build hotel. The developer is seeking an operator for the hotel component only.
Within the Request for Qualifications (RFQ), we provide an overview of the developer, summarize details regarding the proposed hotel and overall project, outline recommendations from the feasibility analysis, and define the scope of services expected from a third-party hotel management company.
This RFQ is the pre-qualification stage of the procurement process. Only those applicants who successfully respond to the RFQ and meet the qualification criteria will be included in the subsequent Request for Proposals (RFP) solicitation process. Submissions will be reviewed and forwarded to the development firm. A copy the feasibility study will be provided to those firms deemed most qualified.
Interested parties should contact Laurel Keller, MAI, Senior Vice President in the Hospitality, Gaming & Leisure practice, at [email protected] for a copy of the RFQ. Submissions are due by 5:00 PM EST on Monday, November 30, 2020.