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Hilton to expand portfolio
Hilton Hotels Corporation (HHC) has announced plans to add 2,000 hotels to its portfolio within a decade.
The expansion will comprise 1,000 additional hotels in North America in the next five years, as well as another 1,000 hotels internationally within the next 10 years.
Ian Carter, CEO Hilton International Operations, said: “Representing a global, multi-brand company with distinct product types and price points translates into growth opportunities across far-reaching territories and market segments, delighting guests with our genuinely hospitable people and best-in-class products and services.”
Additional transactions in the pipeline include an agreement with DLF in India to open 50 to 75 Hilton, Hilton Garden Inn and Homewood Suites by Hilton hotels throughout the country over the next seven years.
HHC also intends to collaborate with RREEF (the real estate and infrastructure investment arm of Deutsche Bank) and H&Q Asia Pacific (H&QAP) to form a fund to develop more than 20 Hilton Garden Inn hotels across China, including Beijing, Shanghai and Tianjin.
“The significant India and China developments are indicative of how we want to grow globally," Carter added. “We aim to make a big statement and achieve consistency of product and service through ventures with large ownership groups.”
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