New York State Contract Reporter #2140002

Concession to Operate and Preserve the Gideon Putnam Hotel

New York State is seeking an operator to run and preserve the Gideon Putnam Hotel & Conference Center and its restaurant at Saratoga Spa State Park. - Government buyer: New York State Office of Parks, Recreation and Historic Preservation, Concessions Management Bureau. - Opportunity: Operate, improve, maintain, and preserve a historic 124-room hotel and conference center, including guest services, lodging, and restaurant operations. The Roosevelt I Bathhouse and Spa are excluded. - Services and operating requirements: Provide sustainable lodging and dining, free guest internet and Wi-Fi, a qualified on-site manager, and responsibility for utilities, repairs, maintenance, construction obligations, and operating costs. - Restaurant menus must offer fresh, healthy food and beverages, minimize fried foods, and exclude artificial preservatives and additives. The operator must collaborate in good faith with the Taste NY initiative. Alcohol sales are permitted subject to licensing and insurance requirements. - Financial obligations: Minimum capital investment of $5 million; rent of at least 3.5% of gross receipts; and annual repair, replacement, and maintenance spending of at least 2% of gross receipts. - Term: A 10-year base lease, with a proposed extension up to 40 years in total based on investment amortization. Operations are expected to begin around the 2028 operating high season; the RFP permits a later operational start to accommodate significant renovations. - OEMs and vendors: No product OEMs or commercial vendors are identified. Taste NY is named as an initiative with which the operator must collaborate.

Description

New York State Parks is soliciting proposals to improve, maintain, preserve, manage, and operate the historic Gideon Putnam Hotel at Saratoga Spa State Park in Saratoga Springs, New York. The concession includes sustainable lodging and dining services, with operations commencing for the 2028 operating high season. The lessee is responsible for all operating costs and must pay a fee to State Parks. The lease has a 10-year base term and may be extended up to a maximum of 40 years.

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