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Concession Agreement Amendment for Novo Coffee at Denver International Airport to Extend Term by Five Years

  • When: 2025/09/17
  • Address: Denver International Airport, Denver, CO
  • City: Denver
  • State: CO
  • Category: Project Amendments
  • Subcategory: Development Plan Amendment
  • Asset Class: Commercial
  • Property Type: Retail
  • Size (Dollars): $204,212.50
  • Planning Department: True

The Denver Department of Aviation is requesting an amendment to a concession agreement with The Ave Group, LLC, operating as Novo Coffee, at Denver International Airport. The amendment proposes to extend the contract term by five years, shifting the end date to January 1, 2035. This extension is necessitated by increased costs incurred by the concessionaire in designing and building the airport concession. The amendment aims to help Novo Coffee amortize their investment. There is no change to the contract's financial amount, which maintains a $204,212.50 Minimal Annual Guarantee or 15.5% of Gross Revenue. The project is located in Council District 11.

Source

Applicant - The Ave Group, LLC d/b/a Novo Coffee


Ownership - Denver International Airport (DEN)


City Representative - Kevin Forgett