The last time I stayed at a Holiday Inn was back in April (thank goodness--most of them suck) so that's not much help.
Yes, the way I read the law, you will have to do a background check on yourself as Trustee when you transfer a firearm to the Trust. From a legal standpoint, it's a separate entity. Stupid? Yes, but that's Colorado under the command of Bloom... I mean Hickenlooper.
The timing of the transfer is sensitive. When you submit a Form 1 in the name of the Trust, the approved application gives the Trust permission to build a particular lower into an SBR. The Trust needs to own the lower before it turns into an SBR, so you'll need to transfer it to the Trust and do a background check as required by Colorado law AND THEN build the SBR.
It sounded like someone in this thread threw in a twist of manufacturing a suppressor. This requires a little more care. Again, make sure the Form 1 is in the name of the Trust. The Trust builds a suppressor and then owns it until it's transferred to a new owner. The transfer to the new owner will require a Form 4. If you manufacture a suppressor in your own name -personally- it takes a full-blown Form 4 application to transfer it to the Trust.
Hope this answers the question.
Rod