GlobeSt.com UPDATE: Beers Wins $61.2 Mil Omni Hotel Contract

ATLANTA-Swedish-based Skanska made it official: Beers Construction Co., its Atlanta-based subsidiary, has won a $61.2 million contract to jointly break ground in January with C.D. Moody Construction Co. Inc. on the $100 million, 28-story, 600-room new Omni Hotel, next to the existing 14-story, 470-room Omni in Midtown.

As the prime general contractor, Beers gets 85% of the $72 million construction contract. Moody gets 15% or $10.8 million. The 525,000-sf hotel is expected to be completed in fourth quarter 2003 at Marietta Street and Andrew Young International Boulevard, as GlobeSt.com reported Sept. 25.

The hotel is being built at a hard construction cost of $137 per sf and $120,000 per room. The joint developers are Omni Hotels of Irving, TX and locally based Turner Broadcasting System.