Hill International history

In 1980 the firm opened its first branch office in Washington, D.C., and began to serve the United States government and government contractors from this location.

Hill's initial ventures into Project Management were through a concept called "Troubled Project Turnaround". In 1981, Hill was involved in supporting a major litigation at the Tropicana Casino & Resort Atlantic City where what was supposed to be a $180 million project almost doubled to $300 million.

By this time, in 1983, Richter had authored a book, International Construction Claims, Avoiding and Resolving Disputes and the international momentum landed Hill in Abu Dhabi with an independent overseas office that was turning a profit from the start.

By 1984 Hill had opened a Los Angeles Office.

In 1988, Hill expanded its services by acquiring first Gibbs & Hill, an engineering / design firm in New York City.

In 1990, the banks funding the project became involved.

As Hill's business fell off with sales bottoming out at $25 million and the workforce declining to 250 employees, in late 1995 Hill's major creditor, First Fidelity Bank, N.A., sought immediate accelerated payment of a loan of $6.1 million.

However, that move never took place, and a short time later the office moved to the Levitt Building in Willingboro where it stayed until 2002.

In 2004 Arpeggio Acquisition Corporation of New York was formed in April as a "blank-check company"—meaning its business activities had not been determined.

On December 5, 2005, Arpeggio and Hill announced that they entered into a merger agreement.

When HINT began trading on Nasdaq on June 29, 2006, the price of HINT was $5.30 per share.

Now designated as HIL, it began trading on February 22, 2008 at $13.14 per share and six months later achieved its highest price ever at $19.30 per share on August 28, 2008.

In 2011 Hill's revenue was being generated from the following regions:

Revenues grew from 2012, driven mainly by organic growth in the Middle East.

On May 4, 2015 DC Capital made public a letter to Hill's management offering to pay a minimum of $5.50 to take the company private.

In September 2016, Hill defaulted on their debt, which precluded utilizing any of the $2.5 million of borrowing capacity still available until a waiver was received.

PricewaterhouseCoopers, a leading global financial advisory firm, is unequivocal in its most recent outlook for the European hospitality market: “European cities saw unprecedented hotel performance in 2017.