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Department of State Awarded a Contract to LOTTE HOTEL NEW YORK PALACE, LLC for $3,973,816.49

Signed on

6/23/2024, 12:00 AM

LOTTE HOTEL NEW YORK PALACE, LLC Government Contract #19AQMM24P0558

LOTTE HOTEL NEW YORK PALACE, LLC was awarded a contract with the United States Government for $3,973,816.49. The contract was awarded by the agency office ACQUISITIONS - AQM MOMENTUM, which is a division with the Department of State within the Department of State.

Summary of Award

The recipient of the federal contract is Lotte Hotel New York Palace, LLC, a U.S.-owned business based in New York. The contract, awarded by the Department of State, is for hotel accommodations with a total obligation of $3,973,816.49. Notable transactions include a significant transaction amount of $3,085,989.06 and a transaction for a hotel accommodation worth $939,255.

Contract Details

Contract ID19AQMM24P0558
Contract TypeB
Total Obligation$3,973,816.49
Exercised Options$3,973,816.49
Base Amount + Options$3,973,816.49
Date Signed2024-06-23
Contract DescriptionHOTEL ACCOMODATIONS
Start Date2024-06-23
End Date2025-06-22

Agency Details

Awarding AgencyDepartment of State
Awarding Sub AgencyDepartment of State
Awarding OfficeACQUISITIONS - AQM MOMENTUM
Funding AgencyDepartment of State
Funding Sub AgencyDepartment of State
Funding OfficeOFFICE OF THE SECRETARY OF STATE

Recipient Details

RecipientLOTTE HOTEL NEW YORK PALACE, LLC
Recipient Location455 MADISON AVE NEW YORK NEW YORK, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00009 | $0.00May 29, 2025

Department of State, a sub agency of Department of State, issued a payment of $0.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $-469,870.27March 27, 2025

Department of State, a sub agency of Department of State, issued a payment of $-469,870.27 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $2,300.00December 11, 2024

Department of State, a sub agency of Department of State, issued a payment of $2,300.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $0.00December 9, 2024

Department of State, a sub agency of Department of State, issued a payment of $0.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $8,972.70September 25, 2024

Department of State, a sub agency of Department of State, issued a payment of $8,972.70 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $3,085,989.06September 24, 2024

Department of State, a sub agency of Department of State, issued a payment of $3,085,989.06 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $30,750.00September 9, 2024

Department of State, a sub agency of Department of State, issued a payment of $30,750.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $76,420.00September 3, 2024

Department of State, a sub agency of Department of State, issued a payment of $76,420.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $939,255.00August 26, 2024

Department of State, a sub agency of Department of State, issued a payment of $939,255.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $300,000.00June 23, 2024

Department of State, a sub agency of Department of State, issued a payment of $300,000.00 to LOTTE HOTEL NEW YORK PALACE, LLC. The payment included a Subsidy Cost of $0.00.