Court awards $174.6M in damages against Tutor Perini in Philadelphia hotel dispute [Yahoo! Finance]
Tutor Perini Corporation (TPC)
Last tutor perini corporation earnings: 2/26 04:15 pm
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Source: Yahoo! Finance
Dive Brief: A Philadelphia court has awarded Chestle Development approximately $174.6 million in damages from contractor Tutor Perini for breach of contract during the construction of the dual-branded W Hotel and Element Hotel complex in the city, according to court documents. The Court of Common Pleas for Philadelphia County issued judgment April 10 in a yearslong dispute over construction issues at the 51-story, 755-room dual-branded hotel. At issue was defective concrete work from the third floor to the top of the building, according to court documents. Los Angeles-based Tutor Perini was awarded a $239 million contract for the hotel in 2015, according to a company news release. The hotel opened in 2021 after the developer sued the contractor over construction issues that it claimed led to more than 890 days of delays, according to a release from Conshohocken, Pennsylvania-based Chestlen. Dive Insight: Tutor Perini did not immediately respond to a request for comment. A
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TPC
Earnings
- 2/26/26 - Beat
TPC
Analyst Actions
- 3/2/26 - UBS
TPC
Sec Filings
- 4/9/26 - Form ARS
- 4/9/26 - Form DEFA14A
- 4/9/26 - Form DEF
- TPC's page on the SEC website