Hill International Named Developer and Project Manager for Andaz Wailea Resort and Residences
MARLTON, NJ / MAUI, HI - November 11, 2010 - Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that the company, in association with Kobayashi Group, has been awarded a contract from Wailea Hotel and Beach Resort, LLC, a joint venture of affiliates of Hyatt Hotels Corporation (NYSE:H) and Starwood Capital Group, to provide development management and project management services in connection with the development of the Andaz Wailea Resort and Residences located in Maui, Hawaii. The two-year contract has an estimated value to Hill of approximately $3.5 million.
"We look forward to helping Hyatt and Starwood Capital develop the Andaz Wailea into an outstanding world-class resort property," said David L. Richter, Hill's President and Chief Operating Officer.
Global in scale while local in perspective, Andaz delivers an innovative hospitality experience and attentive, uncomplicated service designed to accommodate guests' personal preferences. Hotels in this unique collection reflect the spirit of their locale, and are dedicated to creating natural and vibrant living spaces where travelers can indulge in their own personal sense of comfort and style. Andaz Wailea will feature 255 rooms and 35 suites ranging from 456 to 2,321 square feet, as well as six four-bedroom villas averaging approximately 3,500 square-feet. The property will include a variety of amenities including a three-meal specialty restaurant, cascading outdoor pools with an adjacent bar and specialty restaurant, a 15,000-square-foot spa, gym, lobby lounge, and meeting space.
Hill International, with 2,600 employees in 90 offices worldwide, provides program management, project management, construction management, real estate development and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
CONTACT:
Hill International, Inc.
John P. Paolin
Vice President of Marketing and Corporate Communications
(856) 810-6210
[email protected]
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
[email protected]
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
