Actus Lend Lease Begins Army Hotel Work

NASHVILLE, TN-Actus Lend Lease announced Tuesday that it is moving forward with its Privatization of Army Lodging (PAL) program to privatize hotels at military installations. More than 4,500 new and renovated rooms at a dozen Army bases are slated during the initial five-year development phase with a budget of $400 million.

Actus Lend Lease, part of Lend Lease Corp. Ltd., was chosen in September 2006 to acquire, finance, design, develop, operate and own the hotels. The total project, valued at more than $2.4 billion, involves construction and renovation of at least 45 hotels.

The hotel contract is a first for the Army, which is underfunded on capital repairs and maintenance, and for Actus Lend Lease, which has been a frequent developer of family housing on military bases for years. Actus Lend Lease will work with InterContinental Hotels Group to operate and manage the Army hotels.