Amended Lease Option Approved for Airport Hotel Project
Wilmington Airport AuthorityAirport Authority · WILMINGTON, NC- Disclosed value
- $50,000 upon execution (non-refundable), additional $50,000 upon financing closing
- From minutes
- Approved
- Jan 28, 2026
The 30-second brief
The Authority approved an amended and restated Option to Lease Agreement with ILM Airport Hotel Partners, LLC, effective February to June 2026, including two $50,000 payments related to development milestones.
Ilm Airport Hotel Partners LLC holds this contract with Wilmington Airport Authority.
Term as filed: Option term: February 1, 2026 – June 30, 2026.
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Contract details
- Amount
- $50,000 upon execution (non-refundable), additional $50,000 upon financing closing
- Document date
- January 28, 2026
- Term
- Option term: February 1, 2026 – June 30, 2026
- Source document
- New Hanover County Airport Authority Regular Meeting Minutes January 2026 (Minutes)
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Questions about this contract
Who was awarded the government contract by Wilmington Airport Authority?
Ilm Airport Hotel Partners LLC was awarded this government contract by Wilmington Airport Authority, as recorded on January 28, 2026. The contract value is $50,000 upon execution (non-refundable), additional $50,000 upon financing closing.
How much is the Ilm Airport Hotel Partners LLC contract with Wilmington Airport Authority worth?
The Ilm Airport Hotel Partners LLC contract with Wilmington Airport Authority is valued at $50,000 upon execution (non-refundable), additional $50,000 upon financing closing.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in New Hanover County Airport Authority Regular Meeting Minutes January 2026 (Minutes), dated January 28, 2026 from Wilmington Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ilm Airport Hotel Partners LLC hold?
Ilm Airport Hotel Partners 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.
What is Wilmington Airport Authority currently buying?
Explore Wilmington Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.