RFP 2026-009 Hotel Market Study and Feasibility Analysis

The City of Salem, Virginia, is seeking qualified consultants to conduct a comprehensive Hotel Market Study and Feasibility Analysis through Solicitation Number RFP-122841. The project requires a detailed evaluation of the local hospitality market, including an assessment of current and projected demand, competitive landscape, and guest demographics, alongside recommendations for optimal hotel facility types, sizes, and potential site locations within the city. Consultants will also perform a financial feasibility analysis to determine the economic viability of proposed hotel developments, considering development costs, operational expenses, revenue projections, and return on investment under various scenarios. Proposals must be submitted as sealed bids by the deadline of July 17, 2026, at 8:00 PM Eastern Time, with all inquiries directed to Benjamin Denton at the City of Salem via email at bkdenton@salemva.gov or phone at 540-375-3063. The solicitation was posted on June 22, 2026, and is open to firms or individuals with demonstrated experience in hospitality market research and economic feasibility studies. Performance of the services will occur entirely within Salem, Virginia, and there is no set-aside designation for small or disadvantaged businesses. Interested parties can access additional details and submit responses through the official vendor portal linked in the solicitation.