[photopress:hilton_beijing.jpg,full,alignright]Hilton Hotels is aiming to add 1,000 hotels within North America in the next five years, and 1,000 hotels to its portfolio outside of North America within the next 10 years. At the moment Hilton has more than 775 hotels and 110,000 rooms in development.
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.’
Since June 2006, the company has announced several transactions that enabled it to expand brands that previously existed only in North America, including Hilton Garden Inn and Doubletree by Hilton in China.
The other major development is an intended alliance with RREEF (the real estate and infrastructure investment arm of Deutsche Bank) and H&Q Asia Pacific. RREEF and H&QAP will form a fund to develop more than 20 Hilton Garden Inn hotels across China, including Beijing, Shanghai and Tianjin.
Tom Keltner, CEO, Americas and Global Brands, Hilton Hotels Corporation, said, ‘We’ve grown our hotel portfolio to include every price segment in which we want to do business. Together, we and our owners have opened a hotel roughly every other day throughout North America, which translates to adding 1,000 hotels since 2000.’
Source: Asia Travel Tips