Hotel services

Tender description

London Luton Airport Operations Limited LLAOL seek proposals from experienced hotel developers and or operators for redevelopment of a site within the London Luton Airport Terminal complex. 1. LLAOL and LLAL will grant either Option 1. A 25-year full repairing and insuring lease or Option 2. A 50-year full repairing and insuring lease over the subject land to the successful bidder, who in return will redevelop the site as a hotel. LLAOL hold a leasehold interest in the airport estate which will revert to the Freeholder in 2031. The freeholder, LLAL, have agreed to grant a reversionary lease to ensure continuity of the 25-year or 50-Year agreement. Note the chosen option will be LLAL decision and that decision will be final. The winning bidder will be the best most economic and advantageous offer for the chosen option. London Luton Airport Operations Limited LLAOL seek proposals from experienced Hotel Developers and or Operators for redevelopment of a site within the London Luton Airport Terminal complex. LLAOL and LLAL will grant either Option 1. A 25-year Full Repairing and Insuring lease or Option 2. A 50-year full repairing and Insuring lease over the subject land to the successful bidder, who in return will redevelop the site as a hotel. LLAOL hold a leasehold interest in the airport estate which will revert to the freeholder in 2031. The freeholder, LLAL, have agreed to grant a reversionary lease to ensure continuity of the 25-year or 50-Year agreement. Note the chosen option will be LLAL decision and that decision will be final. The winning bidder will be the best most economic and advantageous offer for the chosen option. Hotel operations to commence Q2 of 2019.