Hilton and J.G.J. Proyectistas Enter Management Contract for 207-room Hilton Lima Miraflores

Originally Planned as a Franchise Agreement, Hotel Now Hilton's First Managed Property in Peru

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. May 24, 2012

LIMA, Peru / MCLEAN, VA - May 24, 2012 - Hilton Worldwide has announced that it has signed a management agreement with J.G.J. Proyectistas S.A.C. for the 207-room new-build Hilton Lima Miraflores. The project, originally planned as a franchise agreement and now to be managed by Hilton Worldwide, is on track to debut by the end of 2012 as the company's first managed property in Peru and the brand's first Hilton Hotels & Resorts hotel in the country. The full-service Hilton Lima Miraflores is expected to bring 170 employment opportunities to the city's residents and support the demand for upscale accommodation in the flourishing destination.

Christopher J. Nassetta, President and Chief Executive Officer, Hilton Worldwide, joined the company's regional team in Lima, Peru to officially announce the deal.

"Hilton Worldwide is experiencing a period of remarkable global growth - with the highest growth rate of any major lodging company, the largest pipeline in the industry, and the largest Latin America expansion in our history," said Nassetta. "Peru, with its stable economy and continued growth, is a prime market for international travel, and we are delighted to be working with J.G.J. Proyectistas on bringing this exceptional property to one of Latin America's most important cities."

Currently under construction, Hilton Lima Miraflores is located 13 miles from the international airport in an upscale area of Lima known for its shopping areas, gardens, flower-filled parks, beaches and fine dining. The hotel, which forms part of the Miracorp Complex, is also near a thriving culinary scene making it ideal for both business and leisure travelers.

Featuring 207 rooms, including 45 executive rooms, nine suites and a presidential suite, Hilton Lima Miraflores will reflect a sophisticated, modern Peruvian aesthetic. All guest rooms will feature the Hilton Serenity CollectionTM of amenities, while guests staying in an executive room or suite will enjoy the added benefit of the hotel's concierge service and executive lounge, offering light snacks and beverages throughout the day.

The hotel will provide a great base for events and business travelers, with nine meeting rooms, a business center and a grand ballroom that will accommodate 350 people. Guests will also enjoy a full service restaurant, serving breakfast, lunch and dinner, lobby bar, and a sky terrace with a heated outdoor swimming pool, spa and fitness center by Precor®.

Hilton Lima Miraflores will participate in Hilton HHonors®, the only guest rewards program that allows members to earn Points & Miles® for the same stay and redeem points for free nights with No Blackout Dates at more than 3,800 hotels worldwide.

Hilton Worldwide currently has a portfolio of 50 hotels and resorts open and welcoming travelers in Latin America. The company is actively pursuing additional Latin American growth opportunities with a robust development pipeline that includes properties in Argentina, Brazil, Colombia, Mexico, Panama and Peru.

About Hilton Hotels & Resorts

One of the most recognized names in the industry, Hilton Hotels & Resorts stands as the stylish, forward thinking global leader in hospitality. From inaugural balls and Hollywood award galas to business events and days to remember, Hilton is where the world makes history, closes the deal, toasts special occasions and gets away from it all. The flagship brand of Hilton Worldwide continues to build upon its legacy of innovation by developing products and services to meet the needs of tomorrow's savvy global travelers while more than 144,000 Team Members shape experiences in which every guest feels cared for, valued and respected. Today, the Hilton Hotels & Resorts portfolio includes more than 550 properties in 80 countries and the brand remains synonymous with "hotel." Access the latest Hilton news at www.hiltonglobalmediacenter.com or begin your journey at www.hilton.com. Social media users can engage with Hilton at www.twitter.com/hiltonhotels, www.facebook.com/hilton and www.youtube.com/hilton. 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 93 years, Hilton Worldwide has offered 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 3,800 hotels and timeshare properties, with 630,000 rooms in 88 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, 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®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.