LOS ANGELES--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, announced today that it has been awarded a
contract by Caruso Affiliated for the construction of a new oceanfront
resort, Rosewood Miramar Beach Montecito, in Santa Barbara County,
California.
The project scope of work includes construction of an ultra-luxury
resort comprised of multiple one- and two-story buildings, a main
building with an oceanfront restaurant and bar with an outdoor terrace,
a signature restaurant, a Sense® spa, two swimming pools, a
state-of-the-art fitness center, and indoor and outdoor event space,
including a 6,000-square-foot ballroom. The property, which is being
developed on the site of the original iconic Miramar Hotel, will feature
161 ultra-luxury guestrooms, including one-story cottages and bungalows
and two-story lanais. In addition, there will be an exclusive
membership-only beach club.
Construction is underway, and the property’s grand opening is expected
in the summer of 2018. The contract value, which was not disclosed, will
be included in the Company’s reported third quarter backlog.
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.
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Source: Tutor Perini Corporation