Wholly-owned Fraport subsidiary, Fraport USA, today assumed responsibility for managing the retail and F&B operations at Nashville International Airport.
The airport handled an all time high of almost 16 million passengers in 2018 (+13.2%) to maintain its position as one of strongest performing aviation gateways in North America.
Fraport USA was awarded the 10-year concession to manage and develop the airport's retail/F&B offerings last summer and has been prepraring for today ever since.
The agreement with the Metropolitan Nashville Airport Authority (MNAA) covers the design, construction, lease and management of concessions space throughout the airport’s four concourses in the passenger terminal.
A major airport expansion to be completed by 2023 will result in some 12,300 square metres (more than 133,000 square feet) of concession space for over 90 shops, restaurants and service outlets – plus common-use areas for seating and entertainment.
Fraport is expected to invest some USD 17 million in Nashville's concessions development during the next decade, with further investments to be made by the individual subtenants.
Dr Stefan Schulte, Fraport AG’s executive board chairman, says: “We are pleased to expand Fraport USA’s concessions development and management programme to Nashville Airport.
"Nashville is the second new concessions development to be launched by Fraport USA in less than a year.”
Famous as the Music Capital of America, Nashville’s metropolitan region of about 1.8 million people has become a major tourist destination and one of the country’s fastest growing business hubs.
Schulte notes: “Our Nashville team is highly committed to developing an innovative retail concept that exemplifies the spirit of Nashville, with its rich cultural heritage and thriving music industry.
"We will focus on giving passengers a memorable experience with an exciting mix of the best local restaurants and brands, as well as international outlets.
"We look forward to many years of close partnership here where the music plays!”
Along with Nashville, Fraport USA is the developer and manager of the retail, food and beverage concession areas at a total of five airports in the United States: Baltimore/Washington International Airport (BWI), Cleveland International Airport (CLE), Nashville International Airport (BNA), New York Kennedy Airport (JFK - JetBlue’s Terminal 5), and Pittsburgh International Airport (PIT).