Article: Skanska to Build Radisson SAS Hotel at Stansted for GBP 28.6 M, or SEK 435 M.

Business Editors

STOCKHOLM, Sweden--(BUSINESS WIRE)--Dec. 4, 2001

Skanska's British subsidiary Skanska UK has won a contract to build a new Radisson SAS hotel at Stansted Airport, London's third airport. The negotiated contract value is GBP 28.6 M, corresponding to about SEK 435 M. The customer is Radisson SAS.

The new four star hotel will be the first hotel to have a direct pedestrian access to the recently extended terminal building. It will have 350 rooms, two restaurants, bars, a leisure center and comprehensive conference and banqueting facilities. Skanska also has first option on a second phase, which would add another 150 rooms if given ...

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