NEW YORK CITY—After a deal with hotelier Andre Balazs toredevelop the storied TWA terminal at JohnF. Kennedy International Airport fell apart earlier thisyear, the Port Authority of New York and NewJersey has released a request for proposals to convert theterminal into a hotel.

On Friday, Aug. 8, the agency that controls the airport issuedthe RFP seeking developers to lease the landmark property for up to75 years, convert it into a hotel and operate it. The PortAuthority states in the RFP that it is looking to have theterminal, which first opened in 1962, converted into a hotel withintwo years of selecing a winning developer. The Port Authorityanticipates signing a lease for the building that begins on Jan. 1,2016, according to Crain's New York Business.

The agency states in the RFP that it is seeking real estatedevelopers and hotel owners/operators to respond to thesolicitation. “This RFP is part of a process to identify adevelopment team capable of completing an adaptive reuse of thelandmark Trans World Airlines Flight Center, Building #60 (FlightCenter) located at John F. Kennedy International Airport, as a highquality hotel that is economically viable and respects the historicsignificance of this property,” the agency states.