This article is from the Australian Property Journal archive
ACTUS Lend Lease and the US Army have reached financial close on Phase One of the Privatisation of Army Lodging Group A program.
The PAL program, which is being delivered over three groups (A, B and C), is part of the US Army’s initiative to privatise lodging facilities at US Army installations.
Group A involves the refurbishment and management of 62 lodging facilities across 10 US Army installations. The first phase will invest approximately $US125 million ($A151million) in the 3,200 room portfolio.
Upon completion of the revitalization program the portfolio will operate branded hotels under select IHG brand flags.
Australian Property Journal