Hill International to Provide Project Management Services for Iconic Hospitality Project in Cyprus
Hill International, Inc. (HIL)
Last hill international, inc. earnings: 5/3 05:20 pm
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Source: GlobeNewswire
PHILADELPHIA and NICOSIA, Cyprus, March 19, 2020 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it was awarded a contract by the Cyprus Tourism and Development Company Ltd. (CTDC), a company owned by Invel Real Estate and Prodea Investments, to provide project management services in connection with the redevelopment of the iconic Landmark Nicosia hotel into a distinct mixed-use hospitality and lifestyle destination. The historic 294-keys hotel, formerly known as the Hilton Cyprus, is the landmark hospitality asset for the city of Nicosia and has become part of the country’s modern history since it first opened in 1967. The hotel has been built over three phases and it continues to cater to international business travelers and local clientele alike. Following its acquisition in 2019, the owners envisaged a holistic master-planned approach for the redevelopment of this unique asset into a distinctive new offering
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