Privatization of Army Lodging (PAL) program

financial close

In August 2009, Lend Lease's public partnership business assumed ownership of over 3,200 hotel rooms located across 10 U.S. Army installations and, with InterContinental Hotels Group (IHG) as the hotel operator, became the first to begin operations under the PAL program, an Army-led, public-private venture established as a means of revitalizing on-post transient housing facilities for Soldiers, their families and all official government travelers.In 2010, the Army asked Lend Lease to implement the second phase of the program to renovate, develop, operate, and sustain hotels at an additional 11 installations. In April 2013, Lend Lease closed the third phase of the program, bringing the total portfolio to more than 11,600 hotel rooms on 39 military installations throughout the U.S. and Puerto Rico. Today, Lend Lease's privatized hotel portfolio includes 12,492 hotel rooms on 41 military installations.