Airport extends Lotte duty free concession three years | A.B. Won Pat International Airport Authority, Guam | LOTTE DUTY FREE GUAM LLC

Scope & details

The full contract record, as filed.

Contract amount

Annual Concession Fee $2,640,000 plus per-enplaned passenger fees of $4.00–$5.00 per passenger; Minimum Capital Investment $2,500,000; Faithful Performance Guarantee $8,000,000

Contract type

OTHER

Contract term

July 21, 2023 – July 20, 2026 (three-year extension)

Renewal date

2026-07-20

Renewal

Original concession ran July 21, 2013 – July 20, 2023; Amendment No. 3 grants a single three-year extension under Public Law 37-23, through July 20, 2026, with modified rent, litigation cost cap, performance guarantee, and capital investment requirements. Any unamortized portion of the Gucci boutique investment as of July 20, 2026 is to be paid by any subsequent concessionaire under the next solicitation.

Document type

Minutes

Source document

ab_won_pat_international_airport_authority_board_m.pdf

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ab_won_pat_international_airport_authority_board_m.pdf

AMENDED

A.B. Won Pat International Airport Authority, Guam, GUSep 29, 2025

A.B. Won Pat International Airport Authority Board Minutes November 2024

AMENDED

A.B. Won Pat International Airport Authority, Guam, GUNov 8, 2024

A.B. Won Pat International Airport Authority Board Minutes October 2024

APPROVED

A.B. Won Pat International Airport Authority, Guam, GUOct 18, 2024

A.B. Won Pat International Airport Authority Board Minutes October 2024

AMENDED

A.B. Won Pat International Airport Authority, Guam, GUOct 18, 2024

A.B. Won Pat International Airport Authority Board Minutes October 2024

AMENDED

A.B. Won Pat International Airport Authority, Guam, GUOct 18, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by A.B. Won Pat International Airport Authority, Guam?

Lotte Duty Free Guam Llc was awarded this government contract by A.B. Won Pat International Airport Authority, Guam, as recorded on August 15, 2025. The contract value is Annual Concession Fee $2,640,000 plus per-enplaned passenger fees of $4.00–$5.00 per passenger; Minimum Capital Investment $2,500,000; Faithful Performance Guarantee $8,000,000.

How much is the Lotte Duty Free Guam Llc contract with A.B. Won Pat International Airport Authority, Guam worth?

The Lotte Duty Free Guam Llc contract with A.B. Won Pat International Airport Authority, Guam is valued at Annual Concession Fee $2,640,000 plus per-enplaned passenger fees of $4.00–$5.00 per passenger; Minimum Capital Investment $2,500,000; Faithful Performance Guarantee $8,000,000.

What type of contract is this?

This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in ab_won_pat_international_airport_authority_board_m.pdf (Minutes), dated August 15, 2025 from A.B. Won Pat International Airport Authority, Guam. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lotte Duty Free Guam Llc hold?

Lotte Duty Free Guam Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is A.B. Won Pat International Airport Authority, Guam currently buying?

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