NAD seeks three-star or higher rated hotel for LPIA

NAD seeks three-star or higher rated hotel for LPIA

The Nassau Airport Development Company’s (NAD) request for proposals (RFP) for a hotel at Lynden Pindling International Airport (LPIA) calls for the development of a restaurant, fitness centre, meeting space, according to the document.

NAD hopes to enhance LPIA with an international branded, full service, three-star or higher rated airport.

The hotel is also expected to serve as a gateway feature for LPIA; and utilize alternative sources of energy to power the facility.

NAD expects the hotel to boosts its revenue at LPIA, the fourth busiest airport in the Caribbean.

The company intends to enter a lease with the successful bidder.

As has been reported, the entity will be responsible for designing, constructing, financing and operating and maintaining the airport hotel.

The successful bidder will also be required to coordinate with NAD during all phases of the project.

The airport hotel site is located northeast of the existing U.S. Departures Terminal building and is comprised on 4.68 acres of land.

The RFP notes that after award of the lease, NAD may be willing to enter into a license agreement for additional surface parking to accommodate the airport hotel employees and guests.

Bidders must be in good standing and not be barred from bidding on airport contracts.

Respondents must register by February 18 at 4:00 p.m.

The deadline for submissions is March 15 at 3:00 p.m.

NAD intends to appoint an evaluation panel to review and evaluate each RFP response.

Each proposal submission must be accompanied by a $50,000 deposit to NAD for consideration.

The proposal deposit will be held to guarantee execution of the lease and delivery of the security deposit required under the lease.

The proposal deposit of the successful respondent will be retained by NAD as liquidated damages if the successful respondent fails to execute the lease within 30 days of notification of NAD’s intend to aware the agreement.

The deposit will be returned to unsuccessful bidders.

According to the document, NAD does not intend to limit the type of entity that may submit a proposal for consideration and recognizes the creation of special purpose entities for development projects is common-place.

“The respondent team may be assembled in a variety of ways, including through contracting, partnering, joining venturing etc,” the RFP notes.

“NAD does not intend to place any limits on who takes the lead role for the respondent.

“The respondent should be the submitting party and legal entity that will execute the lease.

“The respondent may be a newly created entity for the purpose of submitting on this opportunity.”

The RFP includes a guarantee of performance clause for newly formed entities, which substantively binds a guarantor of respondent to perform the lease and “correct” the selected lessee’s failures to perform.

The successful bidder must have a minimum of 10-years’ experience in designing, developing, financing and construction an internationally branded or independent, full-service hotel or similar project, the document reads.

The respondent or guarantor must also have a minimum of 10 years’ experience, managing and operating an international branded or independent full-service hotel.