The former "Twilight" star and current "Nurse Jackie" cast member joins Dylan McDermott in the film, which is being directed by Mikael Salomon from a script by Tom Doganoglu and Shane Weisfeld.
"Peter Facinelli will surprise a lot of people with this character. There is a subtlety and depth to his choices that keeps us guessing at every turn. It's something we haven't seen from him before and it's truly exciting to watch," producer Lee Nelson said in a statement.
McDermott plays an ordinary man locked in an industrial freezer by Russian thugs who think he owes them $8 million. As he fights for his life, he realizes there is another man, played by Facinelli, in the ice box with him.