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Hilton Completes its Beijing Portfolio

Hilton International has signed two new management
contracts for Beijing, including the first Conrad hotel in China and the first
Scandic by Hilton outside Europe. Together with the existing Hilton Beijing, the
three hotels will make Hilton history by offering for the first time, a complete
lineup of HI brands in a single city.Said Koos Klein, President of Hilton Middle East & Asia Pacific, “With the signing
of these two new contracts, Beijing becomes the first city in the world to support
three Hilton International brands including the luxury-tier Conrad, the upscale
Hilton and the mid-market Scandic by Hilton.

Both hotels are part of mixed-use sites and are located in two separate but equally
prominent inner-city precincts. Developed by the China Overseas Real Estate
Development Corporation, they are scheduled to open in time for the 2008 Beijing
Olympics.

Conrad Beijing

The Conrad Beijing will comprise 200 hotel guest rooms and 100 serviced apartments
and will feature a variety of restaurants and extensive meetings facilities
including an auditorium and a ballroom with a capacity for more than 500 people, as
well as a full facility spa and health club.  It will appeal to premium travelers
seeking luxury, recognition and first class service.

The Conrad will be located on Chang An Avenue, between the Second Ring Road and the
Third Ring Road in the Chaoyang District, where the Friendship Store will be turned
into a 200,000m2 mixed-use development. The hotel will take up approximately a
quarter of the development and the rest will be made up of grade A offices and a
large multi storey retail space.  Chang An Avenue is the centre of China’s
political, economic and cultural activities and is known as the “First Street of
China.”

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Scandic by Hilton

Scandic by Hilton Beijing will feature 400-guest rooms and 100-serviced apartments.
Public facilities include two restaurants, a lounge, a number of meeting rooms, a
ballroom, and a health club and swimming pool.

Like Conrad Beijing, this hotel will also form part of a 200,000 m2 mixed-use
development site, which includes retail, office space and underground parking. It is
located in the southwest quarter of the city on Guanganmenwai Street between the
West Second Ring Road and the West Third Ring Road and is less than 10 minutes drive
from Tiananmen Square and the Forbidden City.
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