LEASEAWARDED

Los Angeles World Airports Awards Lease Contract to Ad Partnership Llc (July 2024)

The Board awarded a twelve-year, $79 million concession agreement to AD Partnership LLC for a new common-use passenger lounge at LAX, with three-year extension possibility.

Document date · July 18, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $79,000,000 in rent revenue over twelve-year term
Contract type
LEASE
Contract term
12 years with option to extend for three years
Renewal
12-year initial term, one 3-year renewal option available.
Document type
Agenda
Source document
lawa_special_meeting_agenda_july_2024.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease contract by Los Angeles World Airports?

Ad Partnership Llc was awarded this lease contract by Los Angeles World Airports, as recorded on July 18, 2024. The contract value is Approximately $79,000,000 in rent revenue over twelve-year term.

How much is the Ad Partnership Llc contract with Los Angeles World Airports worth?

The Ad Partnership Llc contract with Los Angeles World Airports is valued at Approximately $79,000,000 in rent revenue over twelve-year term, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a agenda record.

Where was this contract approved?

This contract appears in lawa_special_meeting_agenda_july_2024.pdf (Agenda), dated July 18, 2024 from Los Angeles World Airports. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ad Partnership Llc hold?

Ad Partnership 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.

View Ad Partnership Llc's profile

What is Los Angeles World Airports currently buying?

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