University Of Washington-Seattle Campus Awards Facilities Contract to Fairmont Olympic Hotel (September 2020)

Scope & details

The full contract record, as filed.

Contract amount

$25 million renovation commitment to public spaces in addition to prior $30 million rooms renovation; lease term extended from 2040 to 2083

Contract type

FACILITIES

Contract term

Ground lease now extended through 2083 (previously 2040, then 2075)

Renewal date

2083-12-31

Renewal

Ground lease originally ended in 2040, previously extended to 2075, and now extended an additional eight years to 2083 in connection with significant renovation commitments. Future lease renegotiations would occur closer to the new 2083 expiration.

Document type

Minutes

Source document

University of Washington Finance and Asset Management Committee Meeting September 2020

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by University Of Washington-Seattle Campus?

Fairmont Olympic Hotel was awarded this facilities contract by University Of Washington-Seattle Campus, as recorded on September 10, 2020. The contract value is $25 million renovation commitment to public spaces in addition to prior $30 million rooms renovation; lease term extended from 2040 to 2083.

How much is the Fairmont Olympic Hotel contract with University Of Washington-Seattle Campus worth?

The Fairmont Olympic Hotel contract with University Of Washington-Seattle Campus is valued at $25 million renovation commitment to public spaces in addition to prior $30 million rooms renovation; lease term extended from 2040 to 2083, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in University of Washington Finance and Asset Management Committee Meeting September 2020 (Minutes), dated September 10, 2020 from University Of Washington-Seattle Campus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fairmont Olympic Hotel hold?

Fairmont Olympic Hotel 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 Fairmont Olympic Hotel's profile

What is University Of Washington-Seattle Campus currently buying?

Explore University Of Washington-Seattle Campus's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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