Skanska, SG Contracting Selected to Build $308.3M Signia by Hilton Hotel in Downtown Atlanta
ATLANTA — A joint venture between Skanska and SG Contracting Inc. has been selected to build a $308.3 million Hilton (NYSE: HLT) hotel adjacent to the Georgia World Congress Center (GWCC) in downtown Atlanta.
The 1.2 million-square-foot hotel will be the first newly constructed project under Hilton’s upscale Signia banner, and will act as a headquarters hotel for the GWCC. The property will overlook the Mercedes-Benz Stadium and is located near the Omni Atlanta Hotel, CNN Center, State Farm Arena and the Georgia Aquarium.
The 40-story hotel is set to feature 975 guest rooms alongside amenities including 75,000 square feet of world-class meeting and event space; a connected walkway to the GWCC; spa; fitness center; 6,670-square-foot pool deck; an outdoor event lawn; a market; two chef-driven restaurants; and three bars.
“The Signia by Hilton will further elevate Atlanta’s international presence and position as a major host of civic, cultural and commercial events,” says Scott Cannon, executive vice president and general manager for Skanska’s Georgia and South Carolina operations.
Skanska and SG Contracting will provide pre-construction and construction management services for the hotel, which Gensler designed to achieve LEED Gold certification. The development, which Cannon says will generate approximately 600 construction jobs, is scheduled for completion in early 2024.
In 2019, the GWCC held more than 580 events and hosted 4.1 million visitors. The center also expanded in early 2020 with the opening of Exhibit Hall BC, a 100,000-square-foot addition by the Georgia World Congress Center Authority allowing for more than 1 million square feet of contiguous exhibition space within the GWCC.
Hilton Worldwide Holdings Inc. stock closed at $123.91 per share on Wednesday, April 21, up from $71.35 a year ago.