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May 7, 2018

Hill International Assisting Ikos Resorts with First Destination Project in Spain

PHILADELPHIA, PA and MADRID, SPAIN – MAY 7, 2018 – Hill International (NYSE:HIL), the global leader in managing construction risk, announced today it will manage the complete remodeling of the Princess Estepona and Costa del Sol Resort for Ikos Resorts. Located on the Mediterranean coast just south of Malaga in Spain, the project will raise the Resort from a four-star destination to a five-star guest experience. For Ikos, the project represents a further commitment to providing boutique, luxury facilities for its guests, as well as the company’s first project outside of Greece. The total project value is 150 MM (185 MM USD).

Originally built in 1964, the 43,000 SM resort comprises seven buildings and support facilities, occupying 70,000 SM of beachfront property. The project will reduce the number of rooms from 529 to 400, increasing the size of each room to allow for more amenities and higher-end finishes and furnishings for guests as well as integrating Ikos’ brand standards.

Hill is providing management support for all aspects of the refurbishment, including strategic planning, design development services, purchase management, and the installation of furniture, fixtures, and equipment (FF&E). The team will also assist Ikos with the reopening of the new hotel, helping to ensure a seamless transition process and manage any issues that may arise. 

“This project encapsulates the strength of both Ikos specifically and the Mediterranean luxury resort market in general,” says Marián Prieto, General Manager in Hill’s Spain office. “Hill has long specialized in helping our destination clients realize and control their brands on signature projects such as the Princess Estepona, and we will bring to our work the global best practices and lessons learned to support Ikos in their entry into Spain.”

Hill International, with more than 3,000 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.

Certain statements contained herein 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, the matters set forth herein including, but not limited to, any projections of revenues, 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 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
Tel:  215-309-7707
elizabethzipf@hillintl.com

Hill International, Inc.
Marco A. Martinez
SVP & Interim Chief Financial Officer
(215) 309-7951
marcomartinez@hillintl.com

InvestorCom
John Glenn Grau
President
(203) 295-7841
jgrau@investor-com.com

(HIL-G)

 

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