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DEN Makes Concessions to Suffering Business Partners

Denver International Airport (DEN) has altered rent structures for concessionaires, rental car operators and airline partners in an effort to ease the financial difficulties brought on by the COVID-19 virus dramatically decreasing demand for travel.

From April through June, DEN has waived the minimum annual guarantee (MAG) charged to concessionaire and rental car partners, switching to percentage rent as outlined in their leases, with those partners also able to defer three months of rent until later this year, says Alex Renteria, spokeswoman for the airport.

Read the full article here.

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