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Tutor Perini Building Corp. Receives Notice to Proceed for The Dalmar and Element Hotel Project

09/01/16

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that its subsidiary, Tutor Perini Building Corp., has recently received the Notice to Proceed for the dual-branded hotel project, The Dalmar and Element, located at 299 North Federal Highway in the heart of Fort Lauderdale’s Flagler Village. The contract award for this project (previously referred to as the Tribute/Element Hotel) was announced earlier this year. It will be the only project of its kind in the area.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160901005385/en/

Rendering of The Dalmar and Element Hotel, Ft. Lauderdale (Graphic: Business Wire)

Rendering of The Dalmar and Element Hotel, Ft. Lauderdale (Graphic: Business Wire)

Developed by the Wurzak Hotel Group, The Dalmar and Element Hotel will include 24 stories totaling 400,000 square feet. The hotel will consist of 323 rooms with a rooftop restaurant, a pool on the sixth floor amenity deck and a parking garage at the podium levels. Construction will commence immediately and substantial completion is expected in the spring of 2018.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

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