LOTTE DUTY FREE GUAM LLC Government Contracts in GU

The GIAA Board approved an amendment to the Lotte Duty Free Guam, LLC specialty retail concession providing financial relief by waiving the airport’s defense fees and costs for related Protest Litigation work from July 21, 2024 to July 20, 2026. The relief is contingent on dismissal of the litigation with prejudice and applies within Lotte’s existing three-year concession extension through July 20, 2026.

The Antonio B. Won Pat International Airport Authority approved Amendment No. 3 to its Specialty Retail Merchandise Concession Agreement with Lotte Duty Free Guam, LLC, extending the contract from July 21, 2023 through July 20, 2026. The amendment sets a $2.64 million annual concession fee plus per-passenger charges, requires at least $2.5 million in capital investment, and maintains an $8 million performance guarantee while capping Lotte’s annual obligation for protest litigation defense costs at $1.2 million per lease year.

A.B. Won Pat International Airport Authority granted Lotte Duty Free Guam, LLC financial relief via an amendment to its concession agreement, waiving litigation-related fees for July 2024–July 2026, contingent on settlement. The amendment responds to ongoing recovery challenges and pending litigation.

Board resolved to not extend the current Lotte Duty Free Guam concession beyond July 20, 2026, as part of a litigation settlement and in anticipation of a new competitive retail solicitation.

Lotte Duty Free Guam LLC's specialty retail concession agreement at GIAA was amended to provide COVID-19 recovery relief—including lower passenger fees, reduced utility costs, adjusted capital investment, and, subject to legal settlement, a waiver of certain litigation defense costs through July 2026.