CROSSROADS PARKING PARTNERS, LLC - Terre Haute ...
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CROSSROADS PARKING PARTNERS, LLC
CONTENTS Transmittal Letter ..........................................................................................................................................................1 Developer Team Overview ............................................................................................................................................2 Development Team – Dora Hotel Company ..................................................................................................................3 Financial References ......................................................................................................................................................6 Resume – Tim Dora........................................................................................................................................................7 Resume – Greg Gibson ..................................................................................................................................................7 SUMMARY OF FINANCIAL PLAN - CONFIDENTIAL .............................................................................................9 Exhibits B-D to follow
Crossroads Crossing Partners, LLC
TRANSMITTAL LETTER
August 5, 2020
James Bramble
Vigo County Auditor
c/o Tammy York-Allen
Vigo County Annex Building
189 Oak Street
Terre Haute, Indiana 47807
Dear Mr. James Bramble
We appreciate your consideration of our Organization. Our proposal is built on successful proven methods and our
long-time history with the City of Terre Haute.
The following individuals are the primary contacts for Crossroads Parking Partners, LLC:
• Tim Dora, President, c: 317.201.0088
10734 Sky Prairie Street, Fishers, IN 46038
• Greg Gibson, President, c: 812.249.3333
3200 E. Haythorne Ave., Terre Haute, IN 47805
The signatory below is an officer of the Organization and has the approval and authority to make this commitment
on behalf of Crossroads Parking Partners, LLC.
Tim Dora
President
Dora Hotel Company
317.863.5700
tdora@dorahotelco.com
1
Crossroads Crossing Partners, LLC
DEVELOPER TEAM OVERVIEW
Crossroads Parking Partners, an Indiana Liability Company will be used as a mixed-used development. It is our
desire to master plan the entire site and make sure the site is developed to achieve city and community goals as
well as support local businesses and community members.
Dora Hotel Company
From development to renovations, DHC has significant experience owning and operating hotels
across the Midwest. Not only are we successful in hotels, but we have developed and managed a
parking garage, several office buildings as well as restaurant and tenant space for third party
customers, including Panera and Longhorn. We are well-versed in historic renovations, conversions
and ground up new builds.
DHC works with multiple global hotel brands including Hilton Worldwide, Marriott International, Inc., and
InterContinental Hotels Group. DHC specializes in real estate development and management, and owns, develops
and/or manages restaurants, office buildings and parking garages in addition to hotels. The company provides a
full range of hospitality services including accounting and financial reporting, purchasing, design and construction
services, franchisor relationships, sales administration, and revenue management.
DHC prides themselves on high-quality, forward-thinking design and solid construction. Each project is branded
with a unique identity establishing personality and a foundation for meaningful history.
2
Crossroads Crossing Partners, LLC
DEVELOPMENT TEAM – DORA HOTEL COMPANY
“Crossroads of America” Re-Development Project, Terre Haute, Indiana
• The Downtown Terre Haute Redevelopment Project represented the first major development
project in Downtown Terre Haute in over a decade.
The project included significant demolition and
restoration of a historic building to create a new
Hilton Garden Inn.
• Restoration and conversion of the historic Tribune
Star Building into a 97 room Candlewood Suites.
• Working with the Terre Haute Children’s Museum, a
one-story building attached to the Star Tribune
building was demolished where a three-story
children’s museum was constructed. 16 additional
guest rooms were then added above the children’s
museum.
• Total Investment of $25 million – Hilton Garden Inn
and Candlewood Suites combined.
3
Crossroads Crossing Partners, LLC
Downtown Columbus Strategic Development Project, Columbus, Indiana
• The Downtown Columbus Vision 20/20 Redevelopment Plan, developed by the Irwin Sweeney
Miller Foundation, a planned public/private development process designed to attract growth and
development into the downtown area of Columbus. The project
was focused on increasing the population of downtown
Columbus by creating an urban, pedestrian friendly district with
shops, restaurants, businesses, and housing.
• Construction of a new 85-room Hotel Indigo, an upscale
boutique hotel by Intercontinental Hotel Groups.
• Demolition of outdated and underused downtown shopping
center.
• Construction of 5-story, 235,000 square foot office building
for Cummins, Bartholomew County’s largest employer.
Total Investment:
• Hotel Indigo: $10,000,000
• Cummins Office Building: $35,000,000
• Total Columbus Investment: $45,000,000
Downtown Indianapolis Stadium District Project, Indianapolis, Indiana
• The Downtown Indianapolis Stadium Development Project included the construction of three
new hotels and a 297-space parking garage. This project corresponded with the building of
Lucas Oil Stadium, home to the Indianapolis Colts, and the expansion of the Indiana Convention
Center.
• Construction of 297 space parking garage, capable of expansion up to 800 spaces.
• Construction of 130 room Comfort Suites with onsite restaurant and bar.
• Construction of 108 room Holiday Inn Express & Suites with onsite meeting facility.
• Construction of 113 room Staybridge Suites extended-stay hotel.
• Total Investment:
• Parking Garage: $5,800,000
• Comfort Suites: $12,300,000
• Staybridge Suites: $12,900,000
• Holiday Inn Express: $12,300,000
• Total Downtown Investment: $43,300,000
4
Crossroads Crossing Partners, LLC
Hilton Garden Inn / Home2 Suites – Kalamazoo, Michigan: Currently under construction, this $44 million dual
brand design features a conversion of a historic 6-story
masonic lodge into boutique guestrooms for an upscale
urban experience. A 6-story addition to the HGI and an 8-
story Home2 Suites round out the balance of over 180,000
square feet, 220 total guestrooms, amenities, and 15,800
square feet of leasable tenant & office space. We will also
have 4,305 square feet of flexible meeting space. Pedestrian
bridges will span across two streets to connect the multi-
use hotel to adjacent offices and parking garages.
Cost: $44 million
Estimated Completion Date: February 2021
DoubleTree by Hilton – Lafayette, Indiana: DHC invested $20 million into the conversion of the former Best
Western Lafayette Executive Plaza & Conference Center to
the DoubleTree by Hilton Lafayette East. The newly
renovated six-story, 128-room hotel and conference center
is located on Progress Drive and features a full-service
restaurant, indoor pool, and 3,600 square feet of flexible
meeting space. Outlots were created and redeveloped into a
Longhorn Steakhouse and Panera Bread Café.
Cost: $20 Million
Completion Date: October 2017
5
Crossroads Crossing Partners, LLC
FINANCIAL REFERENCES
Crossroads Parking Partners, LLC authorizes Vigo County or its agent, to contact the following individuals.
Farmers Bank 7126 East 116th St. Fishers, Indiana 46038
Alan Oyler Vice President 317.565.9576 alan.oyler@thefarmersbank.com
Greenfield Banking Company 1920 North State St. Greenfield, Indiana 46140
Greg Woods Vice President 317.289.5000 gwoods@gbc.com
First Financial Bank One First Financial Plaza Terre Haute, Indiana 47807
Matt Baker 812.238.6374 mbaker@first-online.com
Legence Bank 1702 W. Boulevard St. Marion, Illinois 62959
Ryan Beckemeyer Vice President 618.922.6646 rbeckemeyer@legencebank.com
Purdue Federal Credit Union 123 N. 8TH St. Lafayette, Indiana 47901
Tim VanderPlaats Vice President 765.497.8815 tvanderplaats@purduefed.com
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Crossroads Crossing Partners, LLC
RESUME – TIM DORA
Timothy J. Dora
Tim Dora holds a Bachelor of Science Degree in Business Finance from the University of
Colorado. He is the owner of Dora Hotel Company, a hotel development and
management company as well as Vision Building Company, a general contractor and
construction management firm. Tim is also co-owner of Dora Brothers Hospitality
Corporation, a hotel management and accounting company.
Tim operates multiple hotel brands including DoubleTree by Hilton, Home2 Suites, Hilton
Garden Inn, Hampton Inn, Holiday Inn Express, Holiday Inn, Hotel Indigo, Staybridge
Suites, Candlewood Suites, as well as independent properties. His properties have been
recipients of numerous awards for quality and service excellence including the 2001
Developer of the Year Award from Hilton Hotels Corporation and the 2008 Developer of
the Year Award from Intercontinental Hotels Group. He has been involved in the
management, development and opening of over thirty hotels during his career in the
hospitality industry.
He is formerly the Vice Chairman of the Hotel Indigo Owner’s Association for Intercontinental Hotels Group. Tim is
the past President and Board Member of the Indiana Hotel & Lodging Association and has served on several
hospitality related boards and committees. The American Hotel & Lodging Association has designated him as a
Certified Hotel Administrator. He is the former Chairman of Premier Capital Corporation of Indianapolis, Indiana.
RESUME – GREG GIBSON
Greg Gibson
Gregory L. Gibson resides in Terre Haute, Indiana and is known for his strong track record of
entrepreneurial success in a variety of business ventures located throughout the United
States, with business operations including commercial real estate development, the
hospitality and food service industry, the gaming industry, multi-family housing, trucking,
excavation, the coal industry, solid waste landfill development and waste industry advisory
services.
Gibson has owned and developed several privately held companies which were later sold to
publicly owned companies located throughout the United States. In particular, over the past
30 years, Gibson has obtained extensive experience in the successful development and
operation of waste management companies, including both integrated and non-integrated
business operations. He has owned and operated landfill, hauling and transfer station
operations in Indiana, Illinois, Ohio, Wyoming, Idaho, Arizona and Texas. He is highly
knowledgeable of the waste management industry as demonstrated by his ongoing role as a consultant to several
major publicly held waste management companies. Gibson’s background has enabled him to develop critical
political and regulatory expertise, which has resulted in a good working relationship with many local and state
regulatory agencies.
Gibson serves his community and state in many capacities. He was appointed to the Indiana Judicial Commission,
by the Governor of the State of Indiana, which is responsible for the nomination of judiciary candidates for the
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Crossroads Crossing Partners, LLC
Indiana Supreme Court and the Indiana Court of Appeals. He currently serves on the Indiana Port Commission by
appointment of former Governor Mike Pence and reappointment by Governor Eric Holcomb. The Indiana Port
Commission oversees operations at the Ports of Indiana in Burns Harbor, Jeffersonville and Mt. Vernon. The Port
Commission is involved in assisting economic development projects throughout the State. He also served on the
Nominating Board for the Indiana Utility Regulatory Commission at the request of Governor Mitch Daniels.
Currently, he serves as chairman of the Terre Haute Convention and Visitors Bureau. He also serves as Co-Chair of
the West Central Indiana Defense Network, aligning regional assets with new opportunities around defense
development.
In addition to his waste management, political and regulatory backgrounds, Gibson has a B.S. Degree in Civil
Engineering from Rose-Hulman Institute of Technology, where he serves on the Board of Trustees. In 2000, Gibson
was inducted into Rose-Hulman’s Athletics Hall of Fame, and in 2017, his Alma Mater awarded him with an
Honorary Doctorate. In addition, he serves on the Board of Directors for First Financial Bank and its holding
company, First Financial Corporation. He is involved in several charitable organizations which include the
Methodist Health Foundation, the Bird-Gibson Sports Center, Hospice of the Wabash Valley, Visiting Nurse
Association and the Weatherby Foundation. He serves as Board Chairman for the Visiting Nurse Association and
Hospice of the Wabash Valley. He was formerly affiliated with the Terre Haute Children’s Museum, Salvation
Army, Sheldon Swope Art Museum, Family Service Association and Saint Mary-of-the-Woods College.
8Crossroads Crossing Partners, LLC
SUMMARY OF FINANCIAL PLAN - CONFIDENTIAL
Proposed Financing Plan
Dora Hotel Company, LLC has a history and reputation for developing innovative urban spaces. While this area will
initially be surface parking the future holds are that will be accessible, engaging, comfortable and highlights the
community. Emphasis will be given to diversity of uses, social dimension, stimulating Terre Haute economy and
local identity.
Current development ideas for the future space include apartments, retail and/or office space above the parking
area along with bicycle rental station. Combining apartment, retail and office enhances the diversity of the space
and uses encouraging both visitors and locals to frequent the area. The project could draw young professionals,
empty nesters or those wanting to downsize their living space to an area where retail and restaurants are within
walking distance. The bicycle rental station would also enable the exploration of the Terre Haute downtown area
and the campus of Indiana State University. These factors lend themselves to socialization and economic
stimulation while showcasing the great city of Terre Haute.
While our name, Dora Hotel Company, LLC, would lead an individual to believe our experience is only in operating
and managing hotels, we have a much greater diversity. An Indianapolis downtown parking garage, 141 apartment
unit downtown Indianapolis, and Cummins office space in downtown Columbus has given Dora Hotel Company,
LLC the experience to be successful in the development of this parking area in Terre Haute.
Funding for the project would be acquired through bank funding and equity from the members and investors.
Dora Hotel Company, LLC has a long history of negotiating for development project funding.
Use of the Property
The former school corporation property will help maintain 75 number of jobs with a total annual payroll of
$1,300,000 at both the HGI and Candlewood. Also, the former school corp property is vital to the proposed
construction of the new Marriott at an estimated cost of $29,500,000, which will create approximately 50 new jobs
at an estimated total annual payroll of $1,225,000. Obviously, the on-going success of the existing HGI and
Candlewood – coupled with the addition of the proposed new Marriott – are key to making the proposed new
Convention Center a success.
Financial Capacity of Team
The equity for this project will be funded primarily by the principals and investors of Dora Hotel Company, LLC.
Dora Hotel Company can demonstrate our financial capacity by the successful completion of our most recent
projects.
1. DoubleTree by Hilton (128 rooms), Lafayette, Indiana 2017
2. Longhorn Steakhouse, Lafayette, Indiana 2018
3. Towne Place Suites by Marriott (93 rooms), Jeffersonville, Indiana 2018
4. Panera Bread, Lafayette, Indiana 2019
5. Home2 Suites (91 rooms), Terre Haute, Indiana 2019
6. Holiday Inn (100 rooms), Columbus, Indiana 2019
7. Dual Brand Hilton Garden Inn and Home2 Suites (220 rooms), Kalamazoo, Michigan (under construction –
opening 2021)
9EXHIBIT B
PROPOSAL FORM
Each proposer must complete this proposal form in its entirety. This proposal form must also be
accompanied by those attachments and submittals required by RFP Section VII of the proposal
specifications.
Please ensure that the following items are enclosed (see RFP Section VII for additional details):
1. Corporate officers and their experience.
2. List of other similar facilities or properties developed or used in the last five (5) years.
3. Financial references and any copies of reference letters.
4. Management Group resumes and experience.
5. Summary of financial plan for the use of the property and anticipated sources of capital
investment.
6. Financial proposals for the Property as requested in Exhibit C.
7. Executed and notarized Non-Collusion Affidavit attached as Exhibit D.
8. Two (2) bound copies and one (1) electronic copy (via USB) of its proposal response to
this RFP no later than August 5, 2020, 1:00 pm EST addressed to:
James Bramble
Vigo County Auditor
c/o Tammy York-Allen
Vigo County Annex Building
189 Oak Street
Terre Haute, Indiana 47807
*****
[Signature Page Follows]
17If selected as the successful proposer, I/we agree to abide by all the terms and conditions of
the Request for Proposals, this proposal, any Addenda issued thereto and enter into the Agreement
proposed to be executed after selection.
SIGNATURE: _______________________________
Timothy J. Dora
PRINTED NAME: _______________________________
Member
TITLE: ________________________________________
Crossroads Parking Partners, LLC - 10734 Sky Prairie Street
_________________________________________________________________________
COMPANY NAME AND ADDRESS
Fishers, Indiana 46038
_________________________________________________________________________
CITY, STATE, ZIP CODE
August 4, 2020
DATE:
17EXHIBIT C
FINANCIAL PROPOSAL
Listed is the financial proposal for 686 Wabash Avenue:
• 20 year lease at $1/year; three 20 year automatic renewals at developer’s option;
• Recorded Memorandum of Lease and Option to Acquire Property;
• Lessee may develop and construct on Property during lease period and is responsible for all
development or construction costs;
• Terre Haute Hotel Partner’s will sell the property to CIB per agreement for $354,000 under the
terms of the expired purchase agreement.
• Transfer Fontanet Property to CIB by Donation;You can also read
