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  5. ›RFP 2026-009 Hotel Market Study and Feasibility Analysis

City of Salem·Virginia

RFP 2026-009 Hotel Market Study and Feasibility Analysis

Closes 7/17/2026$50k – $150kRequest for Proposal
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Description

The City of Salem, Virginia is seeking qualified consulting firms or individuals to conduct a comprehensive hotel market study and feasibility analysis. The work will encompass a city‑wide market evaluation, demand forecasting, site and facility recommendations, and a financial feasibility analysis for potential hotel development within Salem. This effort will help the city understand market potential, guide strategic planning, and support informed decision‑making on future hotel projects. • Conduct a full market demand assessment for hotel accommodation in Salem. • Identify suitable sites and facility configurations for a new hotel. • Perform a financial feasibility analysis, including revenue projections and cost estimates. • Deliver a final report with actionable recommendations for city officials. • Provide presentations or briefings as needed to stakeholders.

Attached files

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

Contact

Benjamin Denton

Key dates

Opened
6/22/2026
Closes
7/17/2026

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
RFP-122841

Budget estimate

$50,000 – $150,000

Based on comparable municipal consulting projects of this scope—typically ranging from $50,000 to $150,000—the city is likely to award a contract in that band. Factors influencing the final amount include the depth of analysis required, number of site visits, data acquisition costs, and deliverable format (e.g., detailed report plus presentations).

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