Valuable enough for Bethesda, MD-based HMS Host Corp. to guarantee the Greater Orlando Aviation Authority a minimum $5.25 million in revenue, plus a percentage of gross sales, if it wins the 10-year contract.
Host will also kick in $11.11 million for the ongoing renovations of airport's food court and concessions area.
Westfield Concession Management Inc. of Los Angeles feels the airport's retail is so valuable it is offering to pay rent of $37 per sf plus a percentage of gross rents. Westfield would also contribute $2.3 million for the renovations cost.
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