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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
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.
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 Waldorf Astoria Hotels & Resorts
WALDORF ASTORIA is Hilton Worldwide's luxury brand of landmark hotels, with each one as singular and timeless as the brand's namesake, The Waldorf=Astoria Hotel in New York. From classic elegance to modern grandeur, Waldorf Astoria Hotels & Resorts each represent worldly sophistication and unparalleled guest service. From sumptuous spas and culinary excellence to world-class golf, each hotel & resort offers the exquisite accommodations and signature accoutrements that define refinement and sophistication. Discover Waldorf Astoria by visiting www.waldorfastoria.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.
Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,200 properties with more than 856,000 rooms, in 105 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.