. BRANDT HOSPITALITY CONSULTING, INC. Market Feasibility Study for Town of Gypsum, Colorado .......... Proposed Limited-Service Hotel Eagle County Regional Airport, Gypsum, Colorado Prepared by Isabel B. Ackerman, ISHC June 2, 2019 . Isabel B. Ackerman, ISHC BRANDT HOSPITALITY CONSULTING, INC. 8023 Kingsbury Blvd St. Louis, MO 63105 (314) 899-9701
[email protected] June 2, 2019 Mr. Jeremy Rietmann Town Manager Town of Gypsum 50 Lundgren Boulevard Gypsum, CO 81637970 Office: 970-524-1730 Cell: 970-343-9887
[email protected] Dear Mr. Rietmann: I have completed a feasibility study for the proposed limited-service hotel to be located near the Eagle County Regional Airport in Gypsum, Colorado. This study was completed in accordance with our contract letter dated March 13, 2019. My conclusions in this report are based upon facts gathered during the week of March 24, 2019, and changes in the market subsequent to this date have not been included in the report. The accompanying projections are based on estimates and assumptions developed in connection with the market study. However, some assumptions inevitably will not materialize and unanticipated events and circumstances may occur; therefore, actual results achieved during the period covered by the prospective financial analysis will vary from the estimates, and the variations may have a material impact on the proposed hotel. I have not been engaged to evaluate the effectiveness of management; therefore, the projections are based upon competent and effective management. All data and conclusions in this report are subject to the Assumptions and Limiting Conditions contained in the Exhibits of this report. Sincerely, BRANDT HOSPITALITY CONSULTING, INC.