Central Parking Awarded San Francisco Airport Renewal

NASHVILLE, Tenn.--(BUSINESS WIRE)--Central Parking System, Inc. (“Central”) today announced that New South Parking – California, GP has been awarded a contract renewal for its continued management of parking operations at San Francisco International Airport (SFO). New South Parking, a partnership between Central Parking System, Inc. and Global Parking Systems, LLC, was awarded the five year renewal after an RFP process. The partnership’s original agreement with SFO for a five-year term became effective July 1, 2007.

“This decision by the SFO Airport Commission and the City and County of San Francisco to renew the agreement confirms our position as the operator of choice for major airports”

“SFO is committed to providing travelers with unsurpassed safety, security and customer service, and we are committed to supporting them with our quality parking services,” said Jim Marcum, President and CEO of Central Parking. “We are pleased that after observing our performance during the initial term of our agreement they made the decision to extend the contract,” Marcum added.

“We are appreciative that our partnership was recognized for its outstanding performance, and we were selected to continue the management of parking operations for SFO,” said Steve McCormick, Vice President of Airports Division. “This decision by the SFO Airport Commission and the City and County of San Francisco to renew the agreement confirms our position as the operator of choice for major airports,” added McCormick. SFO is one of the 30 busiest airports in the world, having seen more that 9.7 million passengers pass through its gates in the first quarter of 2012.

Central Parking manages airport parking operations for more than 20 airports, including the major airports serving Houston, Los Angeles, Miami, Nashville, Salt Lake City, Detroit, New Orleans, and Ft. Lauderdale.

About Central Parking

Central is a leader in parking management serving large and small property owners, infrastructure funds and governmental clients to maximize service, revenue and value creation. With operations in 39 States and Puerto Rico, the Company’s locations include: mixed-use developments, office buildings, hotels, stadiums and arenas, airports, hospitals, universities, municipalities, and toll roads. In addition, through its USA Parking subsidiary, Central is one of the premier valet operators in the nation with more four and five diamond luxury properties including hotels and resorts than any other valet competitor. Central’s over one million parking spaces operate under the brands Central Parking System, CPS Parking, New South Parking and USA Parking. Visit us at www.parking.com/Airports.htm.