Skanska builds hotel in Portland, USA, for USD 56 M, about SEK 470 M

Press release 11/4/2015 5:00 AM EST

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.