Erbud to build four-star hotel in Świnoujście

Platinum Resort and Erbud will team up to build a four-star hotel complex in Świnoujście, a project valued at PLN 53.47 million, Erbud said in a press release on Thursday. The two enterprises signed a contract to build the hotel, which will comprise three buildings, with construction expected to begin before July 31, 2018. Erbud builds residential, commercial, public utility and road-engineering and energy developments in Polish and in countries across Europe, and has been listed on the Warsaw Stock Exchange since 2007. In 2015, it had PLN 1.76 billion in consolidated revenues.