Hill International, a construction risk managing company, has won a contract from the Cyprus Tourism and Development Company (CTDC) offer project management services for a hospitality project in Nicosia, Cyprus.
CTDC is a company owned by Invel Real Estate and Prodea Investments.
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The project is a redevelopment of the Landmark Nicosia hotel into a distinct mixed-use hospitality and lifestyle destination.
Formerly known as Hilton Cyprus, the 294-room hotel is a landmark hospitality asset for the city of Nicosia. The hotel was first opened in 1967.
Built over three phases, the hotel continues to cater to international business travellers and local clientele.
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In April 2019, NBG Pangaea REIC and Invel Real Estate and Prodea Investments had acquired the hotel for €55.5m.
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By GlobalDataBack when the acquisition was closed, Invel and Pangaea announced that the property, besides the hotel, has a significant potential for further development of the existing land through building residences and serviced apartments.
The development plan includes upgrading and modernising the hotel and building a new mixed-use development of nearly 23,000m² of gross floor area on an adjacent plot.
The plan also includes reprogramming the internal and external areas of the hotel to include new offerings such as conference facilities, new restaurants and bars, a new spa and a fitness centre.
Working closely with CTDC, Hill will offer project management services from pre-construction through to the completion of the project, including design management, carrying out the construction tender(s) and supervising the execution of works during construction.
Hill vice president and Southern Europe managing director Manolis Sigalas said: “The Landmark Nicosia is a symbolic asset for the city of Nicosia and for Cyprus’ hospitality sector as a whole.
“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.”
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Image: Swimming pool of Hilton Hotel in Nicosia, Cyprus. (Credit: Wikipedia.org/TourinNicosia.)
