Skanska builds hotel in Portland, USA, for USD 56 M, about SEK 470 M
Skanska has signed a contract with The Widewaters Group to construct a hotel in downtown Portland, USA. The contract is worth USD 56 M, about SEK 470 M, which will be included in the order bookings for Skanska USA Building for the fourth quarter 2015.
The new Porter Hotel will be a 16-story upscale boutique hotel with 299 guestrooms, as a part of the Curio Collection by Hilton Hotels.
Construction will begin this fall with completion in fall 2017.
Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2014 revenues were SEK 43.5 billion.