Skanska B lands major US hotel project, shares in focus on Nasdaq Stockholm

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-24, 09:34.

Skanska B (SE0000113250) has signed a new US building contract worth about SEK 3 billion. The group will construct a large Marriott hotel in Cincinnati for a client managed by Portman Holdings, while the shares trade on Nasdaq Stockholm according to the latest market data.MarketScreener summary of the contract

Details of the Cincinnati Marriott deal

According to a Finwire report citing a company press release, Skanska has signed an agreement with an entity managed by Portman Holdings to build a new Marriott hotel in downtown Cincinnati, Ohio, adjacent to the city’s convention center.MarketScreener summary of the contract The total contract is valued at about USD 325 million, equivalent to roughly SEK 3,000 million at current exchange rates.

The project scope includes construction of a high-rise Marriott-branded hotel with more than 800 rooms, extensive meeting space and direct connectivity to the Duke Energy Convention Center in Cincinnati, according to the Finwire-based report.MarketScreener summary of the contract The company plans to book the order in its US Construction segment, which has been an important growth driver alongside its Nordic operations.

US exposure and peer comparison

The new Cincinnati order adds to Skanska’s US footprint, where it competes with global contractors such as Vinci and Hochtief in large institutional and commercial projects.Reuters note on the Cincinnati Marriott contract In recent years, the company has focused its US business on civil infrastructure, healthcare, data centers and public buildings.

Construction contracts of this size typically contribute to revenue over several years, depending on the build schedule, and help stabilize capacity utilization in the US unit. For investors watching the European construction sector, Skanska’s international diversification contrasts with more domestically focused peers such as NCC in Sweden and Strabag in Austria.Reuters company metrics for Skanska

How Skanska makes its money

Skanska generates most of its revenue from construction services in the Nordics, Europe and the United States, complemented by project development in commercial property and residential housing.Skanska financial information Typical projects include large infrastructure such as roads and rail lines, hospitals, schools and complex commercial buildings.

Where the shares trade today

The Skanska B shares (SE0000113250) most recently traded on Nasdaq Stockholm at about 254.95 SEK on 2026-06-24, 09:30, reflecting a market capitalization in the mid tens of billions of Swedish kronor based on Reuters pricing data.Reuters quote overview for SKAb.ST

This article is for information purposes only and does not constitute investment advice, an offer or a solicitation to buy or sell any financial instrument. All data are based on sources considered reliable but cannot be guaranteed. Investors should conduct their own research or consult a professional advisor before making investment decisions.