Hill International Selected as Project Manager for Construction of New Hotel in Kobuleti, Georgia
February 27 2020 - 9:07AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today it was awarded a contract to
provide project management services for the Georgian company HPM
LLC, representing Archi for a new project in the town of Kobuleti
with residential, commercial, and hospitality components.
HPM represents Archi, a leading development
company in Georgia focused on delivering modern, environmentally
friendly, and energy-efficient housing solutions at the highest
European standards of comfort. Archi is continuing to invest in
Georgian housing and hospitality infrastructure by developing new
hotel-type apartments on a plot of approximately 20,000 SM in the
southwestern part of Georgia along the coast of the Black Sea.
“We are happy to extend our project management
capabilities in the Georgian real estate market,” said Serdar
Gucar, Hill Vice President and Managing Director for Turkey and the
Community of Independent States. “It is an honor to pair with such
a successful partner as HPM and support their future investments by
adding our global expertise in project management.”
The client’s objective is to build more than
100,000 SM of hotel-type apartments spread over three buildings of
approximately 40 floors each. The project also includes a 4-star
hotel, restaurants, a ballroom, indoor and outdoor pools, a casino,
and sport and entertainment facilities. Upon completion, Archi’s
investment will contribute significantly to the tourism industry in
the Adjara region of southwestern Georgia, adding a new landmark
destination to a region under continuous development.
Hill will provide project management,
construction management, and site supervision services across all
stages of the project: design procurement and design management
stage, construction management for construction and fit-out stage,
and commissioning management stage.
“Hill has a very strong presence in the CIS
region and a successful track of iconic projects implemented
there,” said Raouf Ghali, Hill International’s Chief Executive
Officer. “Mixing worldwide experience with local knowhow in
partnership with local industry leaders has always proved
beneficial to local communities. The local team looks forward to
bringing that benefit to HPM, Archi, and Kobuleti.”
About Hill International
Hill International, with approximately 2,700
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.
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considered "forward-looking statements" within the meaning of the
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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 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, and our
expenses may be higher than anticipated. 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
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