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Transcripts For SFGTV BOS Budget And Finance Committee 111815 20151125

I tell you what, we been, and we are going to call one through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility
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Transcripts For SFGTV BOS Budget And Finance Committee 111815 20151121

Through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility Revenue Bonds and other long term financing sou ....

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Transcripts For SFGTV BOS Budget And Finance Committee 111815 20151119

With my staff. If you like, you can come up to the mic and speak to that. This is our Hotel Project manager for the airport commission. And good morning. And the competitive set around the airport, the hotels, are averaging approximately 80 percent at 165 dollars. Is that what you are asking for . Yes, in the surrounding areas and that is a pretty steady trend in terms of all of the hotels around the airport . Yeah, this is for the full service hotels. Correct. And we have done, a great deal of analysis. And we have gone back 25 years. To see kind of the trend of occupancy. And it has gone up and down and over the last 20 years, the average occupancy has been about 75 percent. And the average growth rate, in the average daily room rate has been about 3 percent, which we have modeled Going Forward and just to give you a sense of the delta between what the grand hyatt is projecte ....

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Transcripts For SFGTV BOS Budget And Finance Committee 111815 20151120

We want to recuse super visor farrell without objection. Do we have someone from the airport that would like to speak to the items 1 to three . Supervisors, airport director, sfo and i am very pleased to bring this item before you today. Something that i waited a long time to do to finally build a First Class Hotel and airport property and something that the world class airport should have. So the items before you today, three items, the first approves the Hotel Management agreement, with the Hyatt Corporation and adopts the findings, and item two, approves the issuance of 243 million in airport capitol bonds, and 225 million in special, facility bonds and item 3, appropriate ates the bond, proceeds to pay for the Hotel Project. We are proposed the hotel,
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Transcripts For SFGTV BOS Budget And Finance Committee 111815 20151125

And we are going to call one through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility Revenue Bonds and ....

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