Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 9-11-2023
Requesting Agency: Denver International Airport
Division:
Subject Matter Expert Name: Amy Edinger
Email Address: Amy.edinger@flydenver.com <mailto:Amy.edinger@flydenver.com>
Phone Number:
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Agreement between the City and County of Denver and Hotel Asset Value Enhancement, Inc. to provide hotel asset management services for the Westin by Marriott at Denver International Airport.
Approves a contract with Hotel Asset Value Enhancement (hotelAVE) for $1,650,000 and 3 years plus 2 one-year options to extend to provide hotel asset management services for the Westin by Marriott located at Denver International Airport, in council District 11 (PLANE-202266122). The last regularly scheduled Council meeting within the 30-day review period is on 10-16-2023. The Committee approved filing this item at its meeting on 9-13-2023.
body
Affected Council District(s) or citywide?
Council District 11
Contract Control Number:
PLANE_202266122
Vendor/Contractor Name (including any “DBA”):
Hotel Asset Value Enhancement (hotelAVE)
Type and Scope of services to be performed:
Scope of work will include, but will not be limited to, the following:
1) Serve as primary liaison between DEN’s Commercial Business division and third-party property management and brand representatives (Westin).
2) Conduct analyses of hotel financial statements and operating performance and challenge the hotel operator to respond where areas of opportunity to improve sales and streamline operations exist.
3) Evaluate operating initiatives to reduce cost while still maintaining the highest profitability and guest satisfaction.
4) Ensure brand operator’s compliance with the hotel management agreement (HMA).
5) Strategically negotiate with brand management to maximize DEN’s return on investment.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
N/A
Are WBE/MBE/DBE goals met (if applicable)?
N/A
Is the contract new/a renewal/extension or amendment?
New
Was this contractor selected by competitive process or sole source?
Competitive process
For New contracts
Term of initial contract:
Effective date plus 3 years
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
two
Term of any renewals (i.e. 1 year each):
One year each
Cost of initial contract term:
$1,650,000
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
If length changing
What was the length of the term of the original contract?
What is the length of the extension/renewal?
What is the revised total term of the contract?
If cost changing
What was the original value of the entire contract prior to this proposed change?
What is the value of the proposed change?
What is the new/revised total value including change?
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)