Asia/Pacific News

Hilton Worldwide Signs Three Management Agreements with New Huadu Industrial Group for a Waldorf Astoria and two Hilton properties

The agreement will inject 930 rooms to Hilton Worldwide’s fast-growing pipeline in China

April 20, 2011  |  This information originated in American English.

SHANGHAI and MCLEAN, Va. - Hilton Worldwide has signed three management agreements with New Huadu Industrial Group for a Waldorf Astoria-branded resort and a Hilton Hotels & Resorts property in Hainan and a Hilton Hotels & Resorts property in Hunan. Scheduled to open between 2013 and 2014, Waldorf Astoria Hainan Baoting Resort, Hilton Hainan Baoting Resort, and Hilton Changsha East will add another 930 hotel rooms to Hilton Worldwide's fast-growing pipeline in China.

"Hilton Worldwide has had a longstanding presence in China since we opened Hilton Shanghai in 1988. Not only are we one of the fastest growing hotel companies in terms of deals globally, we have a strong development pipeline in China," said Christopher J. Nassetta, President & CEO of Hilton Worldwide.

"We have a total of 17 operating hotels, with more than 70 properties in various stages of development in China, and aim to expand our presence to more than 100 operating hotels in five years' time. With its diversified business model, strong financial backing, and expertise in real estate development and management, New Huadu Industrial Group is an excellent and strategic business partner for Hilton Worldwide."

Formed in 1997, New Huadu Industrial Group has a diversified business portfolio across various industries including mining, tourism, brewery, pharmaceutical, information technology and real estate. The Group registered with RMB139.8 million in initial capital and now holds total assets of over RMB 30 billion, and has more than 5,000 employees.

Chen Fashu, Chairman of New Huadu Industrial Group said, "Hilton Worldwide is a leader in global hospitality and the most influential and well-known hotel brand in China. Hilton Worldwide is undoubtedly the best partner for a collaboration in China's luxury hospitality market."

He added, "As the capital of Hunan province, Changsha's continued urbanization and importance as a major port and a commercial and industrial center bode well for hospitality development. The Hainan government has also recently announced its plan to develop the island, dubbed the 'Hawaii of China', into an international tourism island."

Waldorf Astoria Hainan Baoting Resort and Hilton Hainan Baoting Resort are located 10 kilometers to the center of Baocheng Town in Baoting Country. Both properties are situated between Qixianliang and Qixiangling Reservoir in the midst of Hainan Island's lush rainforest, and overlook the famous "Seven-Finger Mountain".

Waldorf Astoria Hainan Baoting Resort will have 100 luxurious villas, while Hilton Hainan Baoting Resort will have 350 rooms comprising of low-rise wings and villas.

The 480-room Hilton Changsha East is located in the east area of Changsha City where the new Central Business District of Changsha, Wu Guang New Town, will be situated. Adjacent to Changsha Lituo Airport Expressway in Yuhua District, the hotel has easy access to major expressways, a 10-minute drive from the Changsha city center, five minutes to Wuhan-Guangzhou High-speed Railway Station and 15 minutes to Huanghua International Airport.

Hilton Worldwide currently operates 17 hotels and resorts under four brands across nine cities in China; Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts and DoubleTree by Hilton. It also has more than 70 properties under various stages of development across its portfolio of brands in China.

Contact:
Celina Low
+65 91764771
celina.low@hilton.com

Tingting Gao
+86 13918091191
tingting.gao@hilton.com

About New Huadu Industrial Group
Founded in 1995, New Huadu Industrial Group Co., Ltd. engages in property, retail, tourism, gold-mining and machinery. The group is based in Fujian, China. New Huadu Group has grown to become significant share-holders to numerous well-known companies in China, including Tsingtao Beer, Yunan Baiyao, Povos, to name just a few. Chen Fashu, Chairman of New Huadu Group, ranks 12 in Forbes' 2010 "China 400 Richest" list.

About Hilton Hotels & Resorts
One of the most recognized name 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 540 hotels in 76 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/hiltononline, www.facebook.com/hilton and www.youtube.com/hilton. Hilton Hotels & Resorts is one of Hilton Worldwide's ten market-leading brands.

About Waldorf Astoria Hotels & Resorts Waldorf Astoria Hotels & Resorts is a portfolio of 26 iconic properties in the world’s most sought after destinations. Unified by their inspirational environments and True Waldorf Service, Waldorf Astoria hotels deliver unparalleled, bespoke service from the moment a guest books through check out. Waldorf Astoria is a part of Hilton, a leading global hospitality company. Experience Waldorf Astoria by booking a www.waldorfastoria.com or through the Hilton Honors mobile app. Learn about the brand by visiting http://news.waldorfastoria.com, and follow Waldorf Astoria on Twitter, Instagram, and Facebook.

About Hilton Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 825,000 rooms in 103 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 Collection by HiltonTM, DoubleTree by Hilton, Tapestry Collection by HiltonTM, 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 and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.