I live in Montrose, CO and work in the Ouray/ Telluride area. I can help out with info on local lodging/camping and I'm hoping to scout out some trails.
I would not recommend Telluride for lodging, etc., very pricey... Ouray would be the "gateway" to the mountain trails from the north.
I suggest Montrose would be the best "starting point" for all based on the following:
1. Montrose is only 35 miles from Ouray.
2. Ouray has no major motels and during Labor Day weekend, securing a room could be tough. There are dozens of motels, restaurants in Montrose.
3. Big weather difference between Montrose and Ouray. The term, "If you don't like the weather in Colorado, wait a few minutes" definately applies in these mountains. A prime consideration for those wanting to camp out.
4. Anyone needing repairs/parts will be SOL in Ouray. Montrose has all major parts houses, repair shops, and a Wal-Mart Supercenter.
Not to exclude Ouray, it's a quaint little "tourist trap" nestled in the mountains. But to get everyone settled in at a central location, Montrose would be the best bet.
Gerald, if you need any specific info about the area, let me know and I'll try to help out.
Warren