Al Hokair Group Signs Agreement with Hilton

Two Hilton Garden Inn Hotels in Riyadh, Saudi Arabia

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. March 31, 2009

BEVERLY HILLS, CA / DUBAI, UAE, March 31, 2009 - Hilton Hotels Corporation today announced the signing of two management agreements with the Al Hokair Group to launch the first two Hilton Garden Inn properties in the Middle East in Riyadh, Kingdom of Saudi Arabia. The first, the 180-room Hilton Garden Inn Riyadh Olaya, is scheduled to open mid-2009, followed by the 196-room Hilton Garden Inn Riyadh Al Muroj scheduled to open in Q1 2010.

The two Hilton Garden Inn properties are the first of many management agreements entered into under the Strategic Development Agreement signed in December 2008 between Hilton and the Al Hokair Group, and are set to provide Hilton Hotels with a significant presence across the key development market of Saudi Arabia.

"Saudi Arabia is one of our principal development markets. We are delighted to have signed the first two management agreements with the Al Hokair Group to introduce the Hilton Garden Inn brand to the Middle East and specifically Saudi Arabia. We look forward to working closely with the Al Hokair Group on identifying and executing further opportunities within the Kingdom," said Elie Younes, Vice President, Development, Hilton Hotels, Middle East.

Hilton Garden Inn, a Hilton Family of Hotels upscale mid-priced brand, will largely cater to Saudi Arabia's sizeable business traveller segment.

Sami Al-Hokair, Executive Vice President of Abdulmohsen Al Hokair and Sons Holding Co., said, "As we face a surge in domestic and business travel across the Kingdom, Hilton's established credentials and well positioned brands like Hilton Garden Inn will help us manage demand and meet travellers' high expectations. We are looking forward to opening the first of many hotels under the Hilton Garden Inn brand."

"With the two Hilton Garden Inn properties, we are addressing the mid-market segment, whilst still offering Hilton's trademark hospitality and innovation at a cost-effective rate," said Adrian Kurre, Senior Vice President, Brand Management for Hilton Garden Inn.

The 180-room Hilton Garden Inn Riyadh Olaya is located in downtown Riyadh, at the heart of the capital's business and retail district. The hotel, situated near the cross-section of the capital's four main streets - Makkah Road, King Abdullah Road, King Abdul Aziz Road and the Takhasussi Road, is easily accessible from all the major business and trade centres.

The 196-room Hilton Garden Inn Riyadh Al Muroj on the North Ring Road will be in close proximity to the wealthiest business corridor in Riyadh, the King Fahadh Road, and the capital's booming financial centre, King Abdullah Financial District.

Hilton Hotels Corporation manages five properties in Saudi Arabia - Jeddah Hilton, Makkah Hilton, Makkah Towers, Madinah Hilton, and the Waldorf Astoria Collection, Qasr Al Sharq in Jeddah. Over the next five years, Hilton and the Al Hokair Group plan to introduce Hilton Garden Inn hotels across the Kingdom of Saudi Arabia, in locations such as Riyadh, Al Khobar, Dammam, Jubail, King Abdullah Economic City, Taif, Abha, Tabuk, Hail/ Buraydah and Yanbu.