Item No.
Date of Meeting

Concourse A Non-Aeronautical Lounge
Commission Briefing
October 27, 2026

9a_supp
October 27, 2026

Request
Request Commission authorization for the Executive Director or delegates
to execute the Lease and Concessions Agreement for the non-aeronautical
airport lounge on Concourse A.

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Agenda
• Lounge overview - SEA and industry
• Lounge impact on ADR
• Overview of Chase Sapphire
• Chase Sapphire Lounge

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LOUNGE OVERVIEW - SEA AND INDUSTRY

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SEA Lounge Approach
• SEA Lounge Fundamentals:
- Ensure passenger and airline demand is met with airline, common-use, and nonairline lounge options.
- Align with Century Agenda goals to advance this region as a leading tourism
destination and business gateway.
• Strengthen the competitiveness of SEA in the regional and global marketplace.
• Make Washington a preferred destination for international travelers from countries with
which we have direct flights.

5

Lounge Access
• Lounge types at SEA and access policies
- Airline lounges:
• Lounge access is targeted to:
- Airline Credit Card holders (varying levels)
- Upper-Tier Airline rewards members
- First and Business Class ticket holders

- Credit Card Lounges:
• Lounge access and amenities offered are targeted to:
- Upper-Tier Credit Card holders
- Special amenities as a part of card benefits

- Shared-Use Lounges:
• Targeted demographics to meet international airline needs:
- International Business and First-Class passengers for carriers without a dedicated lounge amenity availability within
the airport.
- Priority Pass holders
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Current Airport Lounge Inventory at SEA

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ACI-NA Airport Lounge Survey
• ACI-NA conducted a survey of 65 U.S. and 12 Canadian airports
in 2025 regarding the lounge landscape at their airports.

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Large Hub Airport Lounge Comparisons

*FI denotes Financial Institution

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Lounge Landscape on Concourse A
• Current: 3 lounges at the end of Concourse A as of 2026.
- Delta, Club @ SEA, United
• Delta One/Sky Club Lounges opened June 2025 near gate A11.

• Proposed: No net change in number of lounges at the end of
Concourse A.
- If approved, convert current Club @ SEA to Chase and convert current
United to Club @ SEA.
• The Chase-allocated space is mezzanine level which is undesirable for ADR
operations outside of lounges.
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LOUNGE IMPACT ON ADR

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BI PETS Surveys
• Recent Business Intelligence (BI) PETS (Passenger Experience Tracking Survey)
surveys conducted in April, August, and September 2026 found the following results:
- Passengers were asked what they purchased at the airport that day. There was no significant
difference in the percentage of lounge visitors vs. non-lounge visitors who purchased
food/beverage items.
- Additionally, after removing outliers (those spending over $700), lounge visitors and non-lounge
visitors reported similar average spend amounts across all categories.
- Lounge visitors were significantly more likely than non-lounge visitors to purchase gifts or
souvenirs for others, essential personal care items, and entertainment for the flight.

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Concourse A Lounges - ADR Impact
• There is a grouping of lounges at the end of Concourse A
including:
- Delta One/Sky Club
- United
- Club@SEA lounges

• Through August of 2026, ADR tenants near these lounges
continued to show quarter-over-quarter growth in sales.
• However, there have been intermittent periods for certain
tenants with a sales decline.
13

AMEX Lounge ADR Impacts
• AMEX Centurion Lounge opened in Central Terminal on
February 1, 2023.
• Directly following the opening, most ADR tenants in Central
Terminal continued to show quarter-over-quarter growth in
sales.
• However, there have been intermittent periods for certain
tenants with a sales decline.

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OVERVIEW OF CHASE SAPPHIRE

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JPMorganChase Overview
*

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Chase Sapphire Brand

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JPMorganChase Community Impact
Driving Inclusive Economic Growth

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JPMorganChase Seattle Community Impact
Since 2021, JPMorganChase has contributed ~$30M to multiple non-profits across
the Seattle region.

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CHASE SAPPHIRE RESERVE LOUNGE

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Current Airport Lounge Inventory at SEA

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Chase at SEA

• Additionally, the Chase Sapphire Reserve lounge by Airport Dimensions submission includes a commitment
to 118 represented hourly positions and 10 management positions along with a comprehensive benefits
packages for all employees.

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Lease Terms
• 15-year lease term
• Approximately 16,000 SF
• $500/SF per year
• 10% rent step in years 6 and 11
• Total tenant investment (Initial Capital Investment and
Midterm Refurbishment): $70M
• Rent to the Port over the 15-year lease term: $135.6M
• NPV: ~ $36M, 4 years to recoup all sunk Port costs
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QUESTIONS?

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