Hilton Orlando and Rida Development Officially Cut the Ribbon

Doors Open to Orlando’s Newest Convention Hotel with Resort Amenities

This information originated in American English.

September 12, 2009

ORLANDO, Fla. -  In a ceremony that took place yesterday on the doorstep of the new 1,400-room Hilton Orlando, Hilton Orlando General Manager Doug Gehret, AREA Property Partners Global Chief Executive Officer Lee Neibart and North America Opportunity Funds Business Leader John Jacobsson, Hilton Hotels Corporation Senior Vice President Ted R. Ratcliff, and Rida Development Corporation President Ira Mitzner and Founder David Mitzner officially cut the ribbon, signifying the hotel's opening before the grand opening celebration. The partnership between Hilton Hotels Corporation, AREA Property Partners and Rida Development Corporation brought one of the largest new hotels in the country, and more than 650 jobs, to Central Florida.

The first hotel to provide a covered open-air walkway to the Orange County Convention Center, the Hilton Orlando is a smart choice for today's business and leisure travelers, offering world-class facilities and amenities for both. Today's environment encourages a more serious, business-focused setting, yet the need to have fun and relax remains strong for reasons of health, productivity, and well being. Designed with these important factors in mind, the Hilton Orlando features a discreet separation between 175,000 square feet of meeting facilities and its recreational amenities, allowing each type of guest to experience the stay that meets their unique expectations.

When considering a location for meetings, planners will find the Hilton Orlando an obvious choice. Hilton Orlando offers meeting planners the ability to:

Guests looking for leisure and relaxation stay can enjoy the Hilton Orlando's many resort amenities, including the two pools, lazy river, nine-hole executive golf course, full-service spa, and basketball, tennis, and bocce courts.

Located on Destination Parkway at the crossroads of I-4, the Beach Line and International Drive, Hilton Orlando is in the heart of Orlando's famous attractions area and just minutes away from Pointe Orlando, Sea World Orlando, Universal Orlando, Walt Disney World and a 15-minute drive to the Orlando International Airport. For more information, visit www.thehiltonorlando.com.

About Hilton Orlando
The Hilton Orlando will feature 1,400 well-appointed guestrooms, including 53 suites. The more than 175,000 square feet of function space will include a 50,000-square-foot Orlando Ballroom, a 30,000-square-foot Orange Ballroom, a 15,000-square-foot Florida Ballroom, 21 meeting rooms and 9 boardrooms. The property will include seven creative dining options including Spencer's for Steaks and Chops, David's Club bar and grill, and a marketplace. Onsite recreational amenities will include a resort pool, quiet pool, whirlpools, cabanas, lazy river, 15,000-square-foot spa and fitness center, jogging track, and basketball/tennis/volleyball/bocce ball courts. The Hilton Orlando is being designed by HKS Architects in Orlando and will be built by Welbro Construction Company.

About AREA Property Partners
AREA Property Partners was founded in 1993 by William Mack and the private equity firm Apollo Global Management, LLC as Apollo Real Estate Advisors. Today, AREA is an independent private partnership of real estate professionals with a rare blend of hands-on real estate experience and sophisticated capital markets expertise. AREA has overseen the investment of multiple real estate funds and joint ventures, through which it has invested over $9 billion in more than 465 transactions with an aggregate value in excess of $40 billion. Headquartered in New York City, and with U.S. offices in Los Angeles and Atlanta, as well as international offices in London, Luxembourg and Mumbai, the AREA funds target a broad range of opportunistic, value-
added and debt investments in real estate assets and portfolios throughout North America, Europe, and India.

About Rida Development Corporation
Established in 1972 by David Mitzner, Rida Development Corporation has achieved a national and
international reputation for creating innovative, premium quality and economically successful real estate.
Headquartered in Houston, Texas, with major operating divisions in Orlando, Fla. and Central Europe,
principal officers, David, Jacob and Ira Mitzner have assembled a dedicated and highly competent team of
professionals. Rida has developed and is currently developing retail, office, distribution, residential, hotel and mixed-use land developments with a total value in excess of $5 billion. Rida's projects have earned it a reputation as one of Florida's leading multi-faceted developers, building an outstanding portfolio of well-planned, high-profile and financially sound commercial and residential real estate.

Contact:
Lisa Cole, Hilton Worldwide, Southeast U.S.
+ 1 305 796 8383
lisa.cole@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.