SYLMAR, Calif.--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, announced today that its subsidiary, Tutor Perini
Building Corp., has been awarded a contract valued at $285 million by
the Pechanga Development Corporation and has commenced work on the
expansion of the Pechanga Resort and Casino in Temecula, California. The
contract value will be included in the Company’s reported first quarter
backlog.
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Rendering of the Pechanga Resort and Casino Expansion (Photo: Business Wire)
The resort expansion project involves adding a new, AAA Four Diamond,
568-room and suite hotel wing; a stand-alone luxury two-story spa and
salon with 17 treatment rooms, a fitness center and hydrotherapy pool
terrace; a resort-style pool complex with eight pool areas; two new
restaurants; and an additional 67,000 square feet of event space.
Tutor Perini has enjoyed a successful, long-term partnership with the
Pechanga Development Corporation, the economic development branch of the
Pechanga Band of Luiseño Indians, and previously completed multiple
phases of the Pechanga Resort and Casino over the past 13 years.
“We are very pleased and excited to partner with Tutor Perini Building
Corp. to build the $285 million expansion of the award-winning Pechanga
Resort & Casino,” said Patrick Murphy, President of the Pechanga
Development Corporation. Murphy continued, “Perini was the general
contractor for the original Pechanga resort that opened in 2002. This
development will complement our current offerings, enhance the resort
experience for guests, and cement Pechanga Resort & Casino as the
preeminent luxury gaming destination in California.”
The project is expected to be substantially completed by the end of 2017.
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