The University seeks to lease University property for the development and operation of a fullservice hotel concept, inclusive of conference space and a restaurant. The Project’s unique blend of programmatic uses and functions will allow S&T to deepen its connections with alumni, students and their families, the campus community, as well as provide an additional conduit to engage Rolla citizens by providing an amenity that will enrich the local fabric of the community. Specifically, success for the project is defined by the following outcomes: • Assist in advancing Missouri S&T’s goal of increasing enrollment by improving the recruiting experience for prospective students and candidates for employment • Maintain Missouri S&T brand standards for operations and internal / external conditions throughout the term of the partnership • Missouri S&T to retain ownership of the underlying land • Serve alumni, visitors, and the community by driving overnight stays and conference business as part of the partnership. Missouri S&T will set agreed upon rates with the partner for all University business at the hotel • Address a need in the hospitality market for the region by providing a full-service hotel These strategic objectives guided the University in its decision to pursue this initiative and will continue to guide decisions throughout the Developer selection and development process.
