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