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INVESTING IN AIRPORTS NEWS RETAIL/F&B

Fraport USA wins concessions contract for US’s capital city airports

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Metropolitan Washington Airports Authority (MWAA) has awarded Fraport Washington Partnership LLC (Fraport USA) a ten-year contract to lease, develop and manage the concessions programme at Washington DC’s Dulles and Reagan National airports.

Under the new contract with the MWAA, effective in January 2024, Fraport USA will be responsible for day-to-day management of the concessions programme at both airports, including the planning, leasing, and construction and operations oversight of concession locations to enhance the customer experience.

The concession covers approximately 260,000 square feet of retail and F&B space across the airports, both of which serve the US capital.

Sabine Trenk, CEO of Fraport USA, said: “We are thrilled to have been entrusted with this significant programme.

“Our team is excited to bring innovative solutions and a fresh approach to the retail and food & beverage concession programme. This contract underscores Fraport USA’s competitiveness and expertise demonstrated through successful projects in the industry.”

According to Fraport USA, the concessions will focus on further enhancing the airport experience for passengers by leveraging the uniqueness of this capital region.

As part of the approach, Fraport USA states that it is committed to supporting small businesses from the region and the inclusion of a diverse range of vendors to cater to a wider audience.

Fraport USA will be partnering with Dr Gina Merritt forming Fraport Washington Partnership LLC.

Dr Merritt is a local minority business leader with a proven track record in supporting underserved communities through real estate and workforce development projects.

The partners note that “the support, global knowledge and expertise that are integrated into the Fraport Washington Partnership LLC creates an unmatched strength for MWAA”.

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