OPDC Maintains Revolving Loan With Starwood Lodging

The Overland Park Development Corporation maintains an unsecured $800,000 revolving working capital loan facility with Starwood Lodging Corporation, L.P. to cover hotel working capital shortfalls, at an interest rate of 300 basis points over the 3‑month SOFR. No amounts were outstanding under this facility at year-end 2025 and 2024.

Scope & details

The full contract record, as filed.

Contract amount

Up to $800,000 revolving working capital loan

Contract type

FINANCIAL_SERVICES

Contract term

Loan due upon the earlier of: termination of operating agreement, repayment of Revenue Bond obligations, or sale/disposition of the Hotel

Renewal

Facility remains in place and is due upon termination of the hotel operating agreement, repayment of Revenue Bonds, or sale/disposition of the hotel. No amendments or renewals are described.

Document type

AgendaPacket

Source document

Overland Park Development Corporation AgendaPacket 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Overland Park?

Starwood Lodging Corporation Lp was awarded this financial services contract by City of Overland Park, as recorded on August 17, 2026. The contract value is Up to $800,000 revolving working capital loan.

How much is the Starwood Lodging Corporation Lp contract with City of Overland Park worth?

The Starwood Lodging Corporation Lp contract with City of Overland Park is valued at Up to $800,000 revolving working capital loan, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Overland Park Development Corporation AgendaPacket 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Overland Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Starwood Lodging Corporation Lp hold?

Starwood Lodging Corporation Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Starwood Lodging Corporation Lp's profile

What is City of Overland Park currently buying?

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