Hilton Signs F&F to Operate The Panamera

A Waldorf Astoria Hotel in Panama City, Panama

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. August 24, 2010

McLean, VA - August 23, 2010 - Hilton Worldwide announced that it has signed a management agreement with F&F Properties to introduce The Panamera, A Waldorf Astoria Hotel in Panama City, Panama. The property, which will be managed by Hilton Worldwide under the Waldorf Astoria Hotels & Resorts brand, is currently under construction and is anticipated to open in the second half of 2011. This will be the brand's first hotel in Latin America and Hilton Worldwide's fifth development in Panama.

The Panamera, A Waldorf Astoria Hotel will be the second collaboration in Panama City between Hilton Worldwide and companies led by F&F Properties and its president, Saul Faskha. The first project, which was announced last year, is the 351-room Hilton Panama being developed at Avenida Balboa and scheduled to open in 2011.

“Bringing the first Waldorf Astoria Hotel to Latin America is a testament to Hilton Worldwide's commitment to grow in the region by introducing new brands to this exciting market,” commented John Vanderslice, global head, luxury and lifestyle brands, Hilton Worldwide. “Expanding our footprint in Latin America is part of Hilton Worldwide's broader strategy of focusing more resources on building our brands internationally.”

Daniel Hughes, senior vice president, operations, Caribbean, Mexico, and Latin America, Hilton Worldwide added, “We are proud to work with Saul Faskha and all of the reputable professionals at F&F Properties and look forward to being part of this thriving city.”

Located in the trendy Calle Uruguay section, The Panamera, A Waldorf Astoria Hotel will be less than 15 minutes from the international airport and within walking distance of the park on Cinta Costera, as well as the banking and central business district.

Featuring 130 guest rooms and 118 luxury residences, the Waldorf Astoria Hotel in Panama will boast an exquisite elegance displayed throughout the hotel's public areas and accommodations. The property will feature an array of recreational facilities including a 1,200-square-foot fitness center, a 2,500-square-foot spa and an outdoor swimming pool. For the perfect meeting environment, the hotel will offer 4,600 square feet of meeting space and a versatile business center where guests can access a variety of services. More than 9,000 square feet of dining options complete the scope of amenities at the property.

About Waldorf Astoria Hotels & Resorts
Waldorf Astoria is Hilton Worldwide's luxury brand of landmark hotels, with each one as singular and timeless as the brand's namesake, The Waldorf=Astoria Hotel in New York. From classic elegance to modern grandeur, Waldorf Astoria Hotels & Resorts each represent worldly sophistication and unparalleled guest service. From sumptuous spas and culinary excellence to world-class golf, each hotel & resort offers the exquisite accommodations and signature accoutrements that define refinement and sophistication. Discover Waldorf Astoria by visiting www.waldorfastoria.com.