Official Statement Airport Commission City and County of San ...

PRINCIPAL AIRPORT CONCESSIONAIRES †
FY 2007-08 Projected
Concession FY 2009-10
Revenue FY 2008-09 MAG or Estimated
($ in Concession Revenue Percentage Rent
Concessionaire Concession Lease Expiration Date thousands) †
($ in thousands) †*
($ in thousands) †*
New South Parking- California Public Parking 6/30/10 (2)
$65,701 $68,355 $67,600
DFS Group, L.P. Duty Free and General Merchandise 12/31/17 26,342 26,400 26,520
Hertz Corporation Rental Car 12/31/13 (1) 10,596 11,024 10,094
Avis Budget Rental Car, LLC (3) Rental Car 12/31/13 (1) – 9,155 8,887
Avis Rent-A-Car, Inc. Rental Car Terminated 6,516 – –
Budget Rent-A-Car, Inc. Rental Car Terminated 2,527 – –
EAN, LLC (4) Rental Car 12/31/13 (1) – 7,798 7,100
Vanguard Car Rental USA Inc. (5) Rental Car Terminated 5,204 – –
Enterprise Rent-A-Car Rental Car Terminated 1,496 – –
Clear Channel Airports Advertising 3/31/11 7,041 5,856 6,397
Pacific Gateway Concessions LLC General Merchandise Various 4,054 4,546 4,366
Travelex America, Inc. Currency Exchange/ATM 12/9/12 (Currency Exchange) 12/9/12 (ATM) 4,474 4,215 4,128
DTG Operations Rental Car (6) Rental Car 12/31/13 (1) – 3,782 3,323
Dollar Rent-A-Car, Inc. Rental Car Terminated 1,718 – –
Thrifty Rent-A-Car Rental Car Terminated 1,209 – –
D. Lew Enterprises
Food and Beverages Various (7) 1,622 1,569 1,616
Host-Retail General Merchandise 12/15/10 1,301 1,294 1,510 (8)
Bay Area Restaurant Group Food and Beverages Various (9) 1,487 1,499 1,417
Fox Rent-A-Car, Inc. Rental Car 12/31/13 (1) – 996 1,358
T-Mobile WiFi and Wireless Phone Service 2/28/10 (WiFi Service) (10)
6/30/14 (Wireless Phone) 877 2,318 1,231 (11)
Books Inc. General Merchandise 12/15/10 1,140 1,140 1,140 (8)
SUB TOTAL 143,305 149,947 $146,687
Other Revenue (12)
29,612 29,049
TOTAL CONCESSION REVENUE $172,947 $178,996
72
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† See also, “–Concessions–Retail Program.”
* Preliminary.
(1) For each rental car company there are two agreements: a concession agreement and a lease agreement. Both agreements for each company commenced January 1, 2009 and have one five-year
option to extend. Revenue reflects only the concession lease. The total MAG under the concession agreements is equal to $30,869,751.
(2) The terms of this lease include two one-year options to extend. The Commission may exercise the first one-year option on or before June 30, 2010.
(3) Doing business as Avis Rent-A-Car and Budget Rent-A-Car.
(4) Doing business as Enterprise Rent-A-Car, Alamo Rent-A-Car and National Car Rental.
(5) In 2003 Vanguard Car Rental USA Inc. purchased the “Alamo Rent-A-Car” and “National Car Rental” brand names from ANC Rental Corporation.
(6) Doing business as Dollar Rent-A-Car and Thrifty Car Rental.
(7) Includes leases in the International Terminal expiring on November 9, 2010, and in the domestic terminals expiring on August 4, 2015, except for the Yankee Pier Restaurant which expires on
December 26, 2014.
(8) Assumes Host-Retail and Books Inc. will continue operations into calendar year 2010 in “hold-over” status.
(9) Bay Area Restaurant Group operates various restaurants within the Airport, each with 10-year leases from the commencement date at each location.
(10) The Commission has issued a request for proposals to provide WiFi service at the Airport. Until a new concessionaire is selected, WiFi service will continue to be provided by T-Mobile on a
month-to-month contract.
(11) Assumes WiFi lease agreement terminate on 2/28/10 with no replacement and wireless phone service to continue its “hold-over” status into calendar year 2010.
(12) Represents the aggregate concession revenue received from the approximately 180 additional concessionaires operating at the Airport.
Source: San Francisco Airport Commission.