Hotel Market And New Hotel Feasibility Study

Background
The City of Rockford, Illinois, is seeking proposals for a Hotel Market and New Hotel Feasibility Study. The purpose of this study is to assess the viability of new hotel developments in the area, which aligns with the city's mission to enhance local tourism and economic growth.

Work Details
The selected vendor will be responsible for conducting a comprehensive market analysis that includes:

1) An assessment of existing hotel inventory and performance metrics;
2) Identification of potential sites for new hotel development;
3) Analysis of market demand drivers including tourism trends, local events, and economic indicators;
4) Recommendations on hotel types and brands suitable for the Rockford market;
5) Financial projections including estimated costs, revenues, and return on investment for proposed developments.

The final deliverable will include a detailed report summarizing findings and recommendations.

Period of Performance
The contract period will commence upon award and is expected to last for six months, during which the feasibility study must be completed.

Place of Performance
The work will primarily take place within the City of Rockford, Illinois.

Bidder Requirements
Bidders must comply with the City of Rockford's Equal Employment Opportunity Ordinance and provide documentation regarding their workforce demographics. Additionally, vendors are encouraged to engage Minority and Women Business Enterprises (MWBEs) as subcontractors. All bidders must submit a completed Subcontractor Utilization Form detailing any planned subcontracting efforts.