Hilton Grows Colorado Portfolio With Signing Of Hilton Denver City Center

Hilton Hotels & Resorts Enters into Agreement with Chesapeake Lodging Trust

This information originated in American English.

September 14, 2017

DENVER, ARLINGTON, Va. AND MCLEAN, Va. - Hilton (NYSE: HLT) and Chesapeake Lodging Trust today (NYSE: CHSP) announce the signing of Hilton Denver City Center, a 20-story, 613-room hotel in the heart of Denver's bustling downtown. The prominent city-center hotel will be rebranded and repositioned under the Hilton Hotels & Resorts brand, following the completion of a $27 million multi-phased renovation over the past 36 months.

The renovations have transformed and enhanced all public areas, dining outlets, event facilities and guest rooms, creating contemporary and inviting spaces for guests and visitors of the hotel. Hilton Hotels & Resorts will assume the management of the hotel and begin accepting reservations effective December 1.

"We look forward to expanding our presence in one of the fastest growing cities in the country," said Ted Ratcliff, senior vice president management services, Hilton. "With its stunning views, newly appointed spaces and location in the heart of the city, Hilton Denver City Center is poised to redefine the guest experience when it opens its doors under Hilton's flagship brand."

Towering above the Mile High City, the hotel offers breathtaking views of the Rocky Mountains and city skyline and is conveniently located near the Colorado Convention Center, 16th Street Mall, Pepsi Center, Sports Authority Field and Denver Art Museum. The hotel has 581 guest rooms and 32 suites, and features approximately 32,000 square feet of flexible events space ideal for conferences, weddings and receptions.

"Our strategic plans in Denver began several years ago when we embarked upon a comprehensive and transformational renovation of virtually all spaces in the hotel," said James L. Francis, president and chief executive officer of Chesapeake Lodging Trust. "We welcome Hilton as our management partner and the power of a globally recognized brand."

Hilton Denver City Center will participate in Hilton Honors, the award-winning guest-loyalty program for Hilton's 14 distinct hotel brands. Members who book directly 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, free standard Wi-Fi and access to the Hilton Honors mobile app. Diamond members will enjoy free Premium speed Wi-Fi, space-available upgrades, complimentary breakfast and 1,000 Bonus Points per stay. Gold members will have the option of a complimentary, continental breakfast or 1,000 Bonus Points per stay.

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

About Chesapeake Lodging Trust
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 22 hotels with an aggregate of 6,694 rooms in nine states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.

Contact

David Trumble
Hilton
+1 602 870 2721
david.trumble@hilton.com

Douglas W. Vicari
Chesapeake Lodging Trust
+1 571 349 9452

Rachel Kenon
Hilton Hotels & Resorts
+1 703 883 5333
rachel.kenon@hilton.com

About Hilton Hotels & Resorts

For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With more than 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 or following us on Facebook, Twitter and Instagram.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,100 properties with nearly 838,000 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 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 and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.