Hilton Hotels announces
its first 10 of 75 hotel development
projects with joint venture partner, DLF, in India
Development for 10 Hilton
Family branded hotels is underway with the
first Hilton Garden Inn hotel to open in Saket in 2008
New Delhi, India, 10 May 2007
Hilton Hotels Corporation (NYSE:
HLT) has
announced that its joint venture company with DLF plans to develop
10 hotel projects
in India, under the full service Hilton brand, business hotel brand,
Hilton Garden Inn
and long stay brand, Homewood Suites by Hilton. The announcement marks
the first
stage of development for the Hilton-DLF joint venture company which
will culminate
in the opening of the first Hilton Garden Inn hotel in Saket in 2008.
Ian Carter, executive vice president and CEO Hilton International
Operations was in
Delhi this week and commented, We are delighted with the substantial
progress of
our joint venture company with DLF in India. Having identified 20
key sites in India,
we are moving quickly toward to realizing our goal of becoming a household
name in
India in the next 5 years, with the first 10 hotel projects underway.
We are very
confident in our partnership with DLF.
The first 10 sites where the Hilton-DLF joint venture will open hotels
are as follows:
1. Hilton Garden Inn, Saket
2. Hilton Garden Inn Rohini, New Delhi
3. Hilton Garden Inn Mysore, Karnataka
4. Hilton Whitefield Bangalore
5. Hilton Kolkata
6. Hilton Garden Inn Bhubaneshwar
7. Homewood Suites Bhubaneshwar
8. Hilton Garden Inn Hyderabad
9. Homewood Suites Hyderabad
10. Hilton Goa Convention Centre
Following the acquisition of the hotels business of Hilton International
plc by Hilton
Hotels Corporation in February 2006, Hilton Hotels is now the largest
international
hotel chain worldwide, by profit. The Company is exporting successful
US-grown
Hilton Family of brands hotel products into the international markets,
with the goal of
offering customers a consistent choice and personalized service across
almost all
price points in strategic markets.
In line with this strategy, Hilton Hotels Corporation has recently
named plans to open
1,000 hotels in the USA in the next 5 years and 1,000 hotels outside
North America
in the next 10 years. A key area of focus for development is the Indian
market, where
the Company aims to develop and own 50 to 75 hotels here over the
next 5 to 7
years thorough its partnership with DLF, Indias largest developer.
Hilton Hotels announces plans its first 10 hotel development projects
with joint venture
partner, DLF, in India
The Hilton-DLF joint venture will focus on 3 Hilton Family brands,
including the
flagship Hilton, business brand, Hilton Garden Inn and long stay brand
Homewood
Suites.
Koos Klein, President Hilton Hotels Asia Pacific, was also in Delhi
this week and
said, With huge growing demand for hotel room supply in India,
there is great
potential for Hilton to tap this opportunity, particularly now that
we have partnered
with the countrys largest developer.
We are conducting extensive research into what the Indian business
traveler wants on the road and these insights will help us customize
short and long stay business hotel prototype concepts for the Indian
travelers needs. We aim to define the business hotel segment
in India.
In addition to Hilton Hotels plans to open properties through
its joint venture with
DLF, the Company will manage 5 new properties scheduled to open in
India in the
next two years. This will include Shilim Retreat by Hilton, Hilton
Bangalore, Hilton
Residences Bangalore, Hilton Chennai and Hilton Hyderabad.