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Fifty (50)-year Percentage Lease with Alps Hospitality, Inc.

Awarded

State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The City of San Diego has entered into a fifty-year percentage lease with Alps Hospitality, Inc. for a 19.27-acre parcel of land located at 8110 Aero Drive within the Montgomery-Gibbs Executive Airport property. This agreement extends the existing lease, which was set to terminate on April 30, 2052, in exchange for a substantial investment by Alps Hospitality into the Four Points by Sheraton Hotel. Under a General Development Plan, the lessee is committed to various property improvements, including the renovation of hotel rooms and interior spaces, upgrading landscaping, painting structures, refurbishing the golf course, and performing general maintenance and replacement work. Additionally, the agreement includes consent for a thirty-four-year sublease with 8110 Aero Solar, LLC, for the installation and operation of a solar panel system. These solar installations will be situated on the hotel rooftop and across approximately two acres of the parking lot. The project is administered by the City of San Diego City Planning Department and has been granted exemptions from the California Environmental Quality Act based on the nature of the facility alterations and the installation of solar energy systems.

General Info

San Diego leased 19.27 acres to Alps Hospitality for 50 years with solar upgrades and hotel renovations under state exemptions.

Agency

California → City of San Diego

NAICS

721110 - Hotels (except Casino Hotels) and MotelsView NAICS

Place of Performance

San Diego, CA

Set-Aside

NONE

Documents

(1)

Notice of Exemption for Fifty-Year Lease with Alps Hospitality, Inc.

PDF•notice-of-exemption

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseAwarded

PostedJan 23

forecast

AwardedSep 22

Contract was awarded

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Organization & Contact Information

AgencyCalifornia → City of San Diego

Contacts2 people available

OfficeN/A

Organization / Agency

California → City of San Diego

Office AddressN/A

Contacts

Thurman HodgesSupervising Property Agent

contact@example.gov

+1 (555) 000-0000

Greg JohansenSenior Planner

contact@example.gov

+1 (555) 000-0000

Full Description

Approval of a fifty (50)-year percentage lease with Alps Hospitality, Inc., including improvements to the hotel, and consent to a thirty-four (34)-year sublease with 8110 Aero Solar, LLC, for the installation and operation of a solar panel system. The City of San Diego owns a 19,27-acre parcel of land on which currently exists a Four Points by Sheraton Hotel, located within the Montgomery-Gibbs Executive Airport property, at 8110 Aero Drive, San Diego, CA 92123. The City currently leases this site to Alps Hospitality, Inc., a California corporation, as ground lessee. The current lease has 27 years remaining and terminates on April 30, 2052. The new lease extends the lease term to 50 years in consideration for Alps Hospitality's commitment to make a substantial investment in the hotel. As a part of this 50-year percentage lease, Alps Hospitality is proposing Improvements to the existing hotel, including renovating interior spaces (including hotel rooms), upgrading landscaping, painting structures, refurbishing the golf course, installing solar panels in the parking lot and on the roof of the hotel, and undertaking other maintenance and replacement work, according to a General Development Plan. The sublease with 8110 Aero Solar, LLC, would cover the installation and operation of solar panels on approximately two acres of land and on the hotel rooftop.