Hill International to Provide Project Management Services for Iconic Hospitality Project in Cyprus

PHILADELPHIA and NICOSIA, Cyprus, March 19, 2020 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it was awarded a contract by the Cyprus Tourism and Development Company Ltd. (CTDC), a company owned by Invel Real Estate and Prodea Investments, to provide project management services in connection with the redevelopment of the iconic Landmark Nicosia hotel into a distinct mixed-use hospitality and lifestyle destination.

The historic 294-keys hotel, formerly known as the Hilton Cyprus, is the landmark hospitality asset for the city of Nicosia and has become part of the country’s modern history since it first opened in 1967. The hotel has been built over three phases and it continues to cater to international business travelers and local clientele alike. Following its acquisition in 2019, the owners envisaged a holistic master-planned approach for the redevelopment of this unique asset into a distinctive new offering in the city, embracing its legacy and elevating its standards for a new era of success.

“The Landmark Nicosia is a symbolic asset for the city of Nicosia and for Cyprus’ hospitality sector as a whole,” says Hill Vice President and Managing Director for Southern Europe Manolis Sigalas. “We are extremely excited to provide Hill’s services in Cyprus for such a flagship project. We share the owner’s vision and are committed to working with all project stakeholders for successfully delivering it and carrying on its legacy.”

Specifically, the development plan involves upgrading and modernizing the historic hotel and building a new mixed-use development of approximately 23,000 SM of gross floor area on an adjacent plot. The plan will involve the reprogramming of internal and external areas of the hotel to include new offerings such as state-of-the-art conference facilities, new restaurants and bars, a new spa and fitness center, and more. The reprogramming also entails the reconfiguration of the landscaping, circulation, and infrastructure strategies for the integrated site. The new design will adopt sustainability principles and LEED certification will be targeted for a component of the project.