Acquisitions & Hotel Openings

Hilton Worldwide to Manage Two Properties in Bangkok

New Build 287-room Hilton Hotels & Resorts Hotel and a Conversion/Rebrand as a 182-room DoubleTree by Hilton

MCLEAN, VA / BANGKOK, Thailand - February 16, 2011 - Hilton Worldwide today announced the signing of two management agreements with TCC Hotel Group a subsidiary of TCC Land Group for a new build Hilton Hotels & Resorts hotel and a conversion project to be rebranded as a DoubleTree by Hilton hotel. Both properties are due for completion in 2012. TCC Land Group is a leading real estate company in Thailand with diverse sectors including residential, office buildings, retail, and hospitality.

The two hotels will be located in Sukhumvit area, Bangkok's main lifestyle, entertainment and residential area. The hotels will be a short walk from the Phrom Phong sky train station and adjacent to the popular Emporium Shopping Complex.

Including these two new hotels in Bangkok, Hilton Worldwide portfolio in Thailand now features five hotels currently open to the world's travellers and three additional hotels to open in the country during the next two years.

Andrew Clough, Senior Vice President of Development - Middle East & Asia Pacific, Hilton Worldwide, said, "TCC Land Group is a very substantial hotel owner, operator and real estate investor both in Thailand and abroad. These agreements are the first collaboration with TCC and we are delighted to have secured this mandate from such a prominent group. This collaboration will also enable us to bring to bear the strength of Hilton Worldwide brands, and capture a broader market segment through the introduction of the DoubleTree by Hilton brand, which will bring a relaxed, lively and refreshing option to the current hospitality offerings in Bangkok."

Khun Panot Sirivadhanabhakdi, Senior Executive Vice President, said, "This collaboration with Hilton Worldwide will add depth and breadth to our hospitality portfolio. We will be able to bring other world-class hotel facilities and services, and the traditional reputation of Thai hospitality to business and leisure travelers in Bangkok. The Hilton Hotels & Resorts brand is an award-winning brand, and we are pleased to welcome the first DoubleTree by Hilton hotel in Thailand. We believe that DoubleTree by Hilton, Sukhumvit Bangkok will become popular with today's modern travelers who are looking for a professional, yet relaxed, lively and refreshingly welcoming hotel experience."

Hilton Sukhumvit Bangkok
Construction is already under way on the new-build, 24-storey Hilton Sukhumvit Bangkok, which will offer 287 guest rooms including 35 suites. The hotel will feature an exciting array of food and beverage outlets including an all-day dining restaurant, a bar and a stylish lobby lounge. Leisure facilities include an outdoor swimming pool, a fully-equipped, state-of-the-art health club and a luxury health spa. Meeting and conference facilities at the hotel will include a main conference room of 465 square meters and meeting rooms totaling 697 square meters. The hotel will also have a fully-equipped business centre and an executive floor for the convenience of business travelers looking for enhanced services.

DoubleTree by Hilton, Sukhumvit Bangkok
The conversion involves a comprehensive multi-phase redesign and refurbishment which includes extensive upgrades in guest rooms, food and beverage outlets, conference facilities and public space. The hotel will reopen as DoubleTree by Hilton, Sukhumvit Bangkok in 2012. The 24-storey property will feature 182 modern guest rooms including 12 suites. Food and beverage outlets will comprise an all-day dining restaurant and a lounge. Leisure facilities will include an outdoor swimming pool and a fully-equipped, state-of-the-art fitness centre. The hotel's meeting and event facilities will include a main conference room of 512 square meters, which can be divided into three meeting rooms, as well as a fully-equipped business centre.

Hilton Worldwide currently operates five hotels in Thailand: the newly opened Hilton Pattaya; Millennium Hilton Bangkok; Hilton Hua Hin Resort & Spa; Hilton Phuket Arcadia Resort & Spa and Conrad Bangkok. Conrad Koh Samui is scheduled to open in June 2011, while Hilton Sukhumvit Bangkok and DoubleTree by Hilton, Sukhumvit Bangkok are due for completion in 2012.

About Doubletree by Hilton Hotels
With a growing collection of contemporary, upscale accommodations in more than 240 gateway cities, metropolitan areas and vacation destinations worldwide, Doubletree by Hilton hotels and resorts are distinctively designed properties that provide true comfort to today's business and leisure travellers. From the millions of delighted hotel guests who are welcomed with the brand's legendary, warm chocolate chip cookies at check-in to the advantages of the award-winning Hilton HHonors guest reward programme, each Doubletree guest receives a satisfying stay wherever their travels take them. For more information on Doubletree by Hilton, please visit www.doubletree.com.

About TCC Hotel Group
TCC Hotel Group is a member of the TCC Land Group, one of Thailand's largest and most prominent conglomerates. Its core business is to develop and to invest in a wide range of real estate projects that include the residential, office buildings, hospitality, and retail sector. TCC Land's expertise also extends to property and land management not only in Thailand but also in other potential markets across the world. The company has a strong determination to develop a new era of property development by incorporating the importance of creating a sustainable foundation for society that based on community happiness and a complete harmony with the environment into the planning of its projects.

About Hilton Hotels & Resorts
Hilton Hotels & Resorts is the stylish, forward-thinking global leader of hospitality that welcomes guests in more countries than any other full-service hotel brand. The Hilton Hotels & Resorts brand currently includes more than 530 hotels and resorts in 76 countries, and plans to serve travelers in 80 countries by the end of 2011. By offering innovative products, services and amenities, Hilton Hotels & Resorts enables travelers to be at their best 24/7, whether traveling for business or leisure. Start your journey at www.hilton.com. Hilton Hotels & Resorts is one of Hilton Worldwide's ten market-leading brands.

About Hilton Worldwide
Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 91 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,600 hotels and 600,000 rooms in 82 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®.

For more information about the company, visit www.hiltonworldwide.com.

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