PHILADELPHIA and GIZA, Egypt, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it will provide project management services for the Talaat Moustafa Group (TMG) Portfolio of Hotel Properties $250 million four-hotel program.
The program includes the construction of Madinaty Four Seasons Hotel and the renovation of three other hotels – the Nile Plaza Four Seasons Hotel, San Stefano Four Seasons Hotel, and Nile Kempinski Hotel projects. The program is anticipated to finish in early 2023.
The Madinaty Four Seasons Hotel is a new construction project featuring 7 floors, 300 rooms, and 123 villas. The Nile Plaza Four Seasons Hotel will undergo a renovation of the top six floors, while the San Stefano Four Seasons Hotel project will renovate the building’s public areas, including an extensive renovation of the spa zone and Fresca Restaurant. In addition, the Nile Kempinski Hotel project will entail general refurbishments to the hotel.
“Hill specializes in helping our clients control and manage complex programs like this one for TMG,” said Waleed Abdel Fattah, Senior Vice President and Managing Director, Africa. “This marks another opportunity for Hill to support a client that is investing in growing the Egyptian economy with new job opportunities, and bolstering the tourism market with refurbished and brand new hotel facilities.”
About Hill International
Hill International, with approximately 2,800 professionals in more than 50 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any statements of belief or intent, any statements concerning our plans, strategies, and objectives for future operations; and any statements regarding our intent to file late periodic reports or relisting on a national securities exchange, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates, and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue, our expenses may be higher than anticipated, and the review of the Company's accounting, accounting policies and internal control over financial reporting, and the preparation of and the audit or review, as applicable, of filings may take longer than currently anticipated or additional restatement adjustments may be identified. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Hill International, Inc.
One Commerce Square
2005 Market Street, 17th Floor
Philadelphia, PA 19103
(215) 309-7707
elizabethzipf@hillintl.com
Hill International, Inc.
Greg Wolf
Interim Vice President & Interim Chief Financial Officer
(215) 309-7776
gregwolf@hillintl.com
InvestorCom
John Glenn Grau
President
(203) 295-7841
jgrau@investor-com.com
(HIL-G)