Business & Finance

Hilton Signs with Constructora Colpatria to Develop New 206-Room HIlton Medellin in Colombia

MCLEAN, VA. March 1, 2017 - Hilton (NYSE: HLT) and Constructora Colpatria today announced the signing of a franchise license agreement to open Hilton Medellin, bringing the company's flagship brand to Colombia's second largest city. The multi-million project will be one of the largest real estate investments in Colombia this year. The 25-story, 206-room new-build development is planned to open in Q2 2019.

Hilton opened DoubleTree Bogota Calle 100, Hampton by Hilton Bucaramanga, and Hampton Inn by Hilton Medellin in Colombia in 2016, and currently has a portfolio of 14 properties in the country and 9 projects in the pipeline.

"This is an excellent time to bring the Hilton brand to Medellin as its lodging market continues to experience healthy growth and the city further establishes itself as one of Colombia's principal business hubs," said Juan Corvinos, managing director, development, Mexico, Central America and Hispanic Caribbean Regions, Hilton. "With an influx of multinational corporations, Hilton Medellin's sought-after location and unparalleled amenities will position the property as a prominent destination for social and corporate events in the city."

The hotel site is located on Avenida de las Palmas, and will offer great accessibility to one of the busiest and most important roads in Medellin's upscale El Poblado neighborhood. Hilton Medellin will be part of a mixed-use development, to include retail, office space and non-branded residential units in a complex with a parking garage with more than 450 parking spaces.

The hotel is owned and developed by Constructora Colpatria. Constructora Colpatria has over 40 years of experience in the Colombian market having developed many commercial, residential, retail and infrastructure projects throughout Colombia, and currently has offices in Mexico and Peru.

"Hilton Hotels & Resorts has a long history in Colombia and its strong reputation in the country brings confidence to this development," said Amparo Polania, President, Constructora Colpatria. "The city of Medellin is an increasingly important an international business hub and we are excited to bring the first Hilton hotel to the market, benefitting the growing number of business travelers."

Hilton Medellin will feature more than 2,000 square meters of world-class meeting space, including a 600-square-meter modular ballroom alongside five additional secondary meeting rooms. Other amenities will include an outdoor pool and whirlpool, executive lounge, fitness center, restaurant and piano bar, spa facility and beauty salon.

"Located in a valley surrounded by mountains, Medellin continues to be globally recognized as one of the most innovative cities in the world," said Shawn McAteer, vice president, global brand management, Hilton Hotels & Resorts. "The signing of Hilton Medellin is a significant milestone in a key region, and elevates our overall presence in this growing Latin America destination."

For more information about Hilton Hotels & Resorts, visit www.hilton.com or news.hilton.com.

Acerca de Constructora Colpatria Constructora Colpatria es una compañía colombiana con 40 años de experiencia y trayectoria en la industria de la construcción, que cuenta con filiales en México y Perú. Desarrolla vivienda, construcciones inmobiliarias comerciales, corporativas, institucionales, así como obras de infraestructura (vías, puertos marítimos, férreos, cables aéreos). A lo largo de su experiencia, ha consolidado una cartera diversificada que le permite acercar una oferta de valor al cliente en todas las etapas del desarrollo constructivo. En ese sentido, la compañía está en capacidad de estructurar todo tipo de proyectos. El diseño y calidad de sus obras ha representado, para la compañía y sus clientes, obtener las máximas certificaciones ambientales LEED en las categorías Silver, Gold y Platinum. Constructora Colpatria pertenece al Grupo Colpatria, holding que desarrolla negocios asociados a la banca, el sector asegurador y previsional (con socios internacionales canadienses, franceses) y participa también en negocios relacionados con la industria minera y de hidrocarburos.

About Hilton Hotels & Resorts

For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With 570 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As the flagship brand of Hilton, Hilton Hotels & Resorts continues to set the standard for hospitality, providing new product innovations and services to meet guests' evolving needs. Hilton Hotels & Resorts is a part of the award-winning Hilton Honors program. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key (select locations), available exclusively through the industry-leading Hilton Honors app. Begin your journey at www.hilton.com and learn more about the brand by visiting news.hilton.com

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 4,900 properties with over 800,000 rooms in 104 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi. Visit newsroom.hilton.com for more information.

Contact:
Lana Petruzzo
Lana.Petruzzo@hilton.com
+1 703-883-6065

Suzana Cardozo
Hilton - Latin America
suzana.cardozo@hilton.com
+55 11 2845-0268

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