Actus Lend Lease, part of Lend Lease Corp. Ltd., was chosen inSeptember 2006 to acquire, finance, design, develop, operate andown the hotels. The total project, valued at more than $2.4billion, involves construction and renovation of at least 45hotels.

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The hotel contract is a first for the Army, which is underfundedon capital repairs and maintenance, and for Actus Lend Lease, whichhas been a frequent developer of family housing on military basesfor years. Actus Lend Lease will work with InterContinental HotelsGroup to operate and manage the Army hotels.

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"Never before has the Army partnered on such a wide scale withprivate sector firms to construct, renovate, maintain, operate andmanage hotels on military installations," Dale Connor, Actus LendLease managing director, stated in a release. He added that the PALprogram will provide superior hospitality services and facilitiesfor soldiers and their families, as well as government personnelvisiting bases.

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Actus Lend Lease now has ten operational installationsnationwide with total development value of approximately $5.8billion. It is also the preferred bidder on two other projects witha combined initial development budget exceeding $800 million.

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