Skanska-led JV inks $308M deal for Hilton hotel in Atlanta

ConDig (21-Apr-21).  A joint venture led by Swedish developer and contractor Skanska has landed a $308 million contract for a Signia by Hilton hotel in Atlanta, Georgia.

Under the deal with Georgia World Congress Center Authority, the joint venture will oversee the construction of a 40-story, 114,000-square-meter hotel. 

It will be built to achieve LEED Gold certification and feature 975 guest rooms and 7,000 square meters of meeting and event space, according to Skanska.

The hotel will also include parking facilities, spa and fitness facilities, a 620-square-meter pool deck, outdoor event space, market and two restaurants.

Construction on the project is set to begin this month and is slated for completion in early 2024.

Skanska will include its 88% share of the project worth $271 million in the US order bookings for the second quarter of 2021.

Earlier this month, Skanska secured a $73 million contract for a multi-purpose event center in Clarksville, Tennessee.

In December, Skanska bagged two contracts in Georgia and Florida worth a total of $120 million. It also signed an additional $80 million contract to expand Portland International Airport, Oregon.

In October, Skanska secured a $91 million contract to upgrade an aluminum processing facility in the Southeast of the US.

In September, Skanska secured a $64 million contract to build a data center in Oregon. It also bagged a $106 million deal last month for the 95 Northbound viaduct replacement in Providence, Rhode Island.

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