Autogrill signed four contracts airports in Houston and Montreal – Finanzaonline.com

Autogrill, through its subsidiary HMSHost, has been awarded four contracts for the management of a total of 40 outlets in airports in Houston, United States, and Montreal, Canada. The company estimates that the two transactions will generate a combined turnover of about 790 million dollars during the total duration of the contracts. Thanks to these agreements, emphasizes a note, the group doubles the commercial presence in the port of Houston and is reinforced at Montreal, where is the main food & amp; beverage, consolidating its leadership in the airport in North America, which in 2014 recorded a growth of 3.3%.

In particular, Autogrill has signed two agreements for the management of 21 stores at the airport Intercontinental Houston, it is estimated, will generate total revenues of approximately $ 360 million in the ten-year term of the licenses. The two contracts provide for the opening of 15 new premises, which will generate total sales estimated at around 280 million dollars, and the renewal of six store on 15 currently managed at the airport. Activities in the six local renewed the company expects a turnover of over $ 80 million. With the opening of 15 new local Autogrill Group doubles, therefore, its commercial presence in the port of Houston.

In Canada Autogrill won two contracts for the management of 19 retail outlets in

the international Montreal-Pierre Elliott Trudeau. The activities will generate total revenues estimated at about $ 430 million over the life of the two concessions. Through this transaction, Autogrill renewed in advance the contract for the management of 14 rooms and has acquired five new stores. The renewal of the 14 stores will generate projected total revenue of over $ 350 million in the 10 year life of the contract, while the opening of five new local company expects a turnover of over $ 76 million in the seven years of concession. Through this operation, the Autogrill Group is strengthened at Montreal, confirming the main operator food & amp; beverage of the fourth busiest airport in the country.