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File #: 210411    Version: 1 Name: Contract Amendment - Hyatt Corporation - Hotel Management for On-Airport Hotel - Not to Exceed $23,841,880
Type: Resolution Status: Passed
Introduced: 4/27/2021 In control: Clerk of the Board
On agenda: 4/27/2021 Final action: 6/4/2021
Enactment date: 6/4/2021 Enactment #: 249-21
Title: Resolution approving the Fourth Modification to the Hotel Management Agreement with Hyatt Corporation for management of the on-airport hotel at San Francisco International Airport, to reduce the management fees paid to Hyatt Corporation during Hotel operating years 2021 and 2022, extend the trigger dates for certain performance termination events, extend the initial term by two years, and increase the contract amount for a new total amount not to exceed $23,841,880 to commence upon Board approval.
Attachments: 1. Leg Ver1, 2. DRAFT Agrmt Mod No. 4, 3. Executed Agrmt 010116, 4. Agrmt Mod No. 1 060117, 5. Agrmt Mod No. 2 100317, 6. Agrmt Mod No. 3 050918, 7. Air Comm Reso No. 21-0092 040621, 8. Air Comm Memo 041621, 9. Form 126, 10. BLA Report 051921, 11. Comm Pkt 051921, 12. Board Pkt 052521, 13. Form 126 Final, 14. Leg Final, 15. Executed Agrmt Mod No. 4
Legislation Details
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