Hartsfield-Jackson International has outlined terms of a 50-year lease for three companies to compete for the right to build and operate a hotel next to the airport.
The airport plans to lease out a total of 26.5 acres of land, including 10 acres for a hotel just outside the exit on the west end of the domestic terminal, 3.5 acres for a travel plaza and 13 acres for office space and mixed-use development, according to its request for proposals.
The process will take months for a winner to be selected and the lease to be finalized. But once that process is complete and the developer is given the go-ahead to proceed, the airport expects the hotel, travel plaza and Class A office space to be completed within two years of that date, according to airport documents. The project could amount to as much as a $600 million investment by the winning firm.
But the airport's current plans include a hotel with 250 to 300 "high-end" guest rooms, meeting space, a restaurant, upscale lobby bar and grille, laundry and dry cleaning services. The mixed-use development could include retail and commercial or residential development, in addition to Class A office space. The travel plaza would have a gas station, convenience store, restrooms, food and a seating area.
Three teams were pre-qualified to compete for the lease: Airmall USA Inc., Regent Partners Joint Venture and Carter/Majestic Realty Co./GPM Investments LLC.
