Corferias and Hilton Sign Agreement for New Build Hilton Bogota Corferias

. January 24, 2017

BOGOTA, CO. and MCLEAN, VA. January 24, 2017 - Hilton (NYSE: HLT) today announced the signing of a management agreement with Corferias to operate a new build Hilton Hotels & Resorts property in the convention and exhibition center of Bogota, Colombia. Scheduled to open in 2018, the new 414-room Hilton Bogota Corferias will extend the company's presence in Colombia, where Hilton currently has a portfolio of 13 operating hotels and approximately 10 under development.

"We are pleased to work with Corferias on the development of this exciting project," said Juan Corvinos, managing director development, Mexico, Central America and the Hispanic Caribbean, Hilton. "Our growth strategy looks at opportunities to introduce our industry-leading brands to new destinations around the world and we couldn't be happier about bringing the company's flagship Hilton Hotels & Resorts brand to such an important area of Bogota, Colombia."

The hotel will be strategically located adjacent to the existing Trade Fair Venue and Exhibition Center, Corferias and the Ágora Bogotá International Convention Center scheduled to open in 2017 - a project led by the Bogota Chamber of Commerce. Approximately 10 minutes from El Dorado International Airport, the new Hilton Bogota Corferias will serve as an ideal base for travelers visiting the city for major events and conferences.

"Hilton is committed to expanding our footprint in Latin America and welcoming guests across the region," said Shawn Mcateer, vice president, global brand management, full-service hotels, Hilton. "This hotel in Corferias is a perfect complement to our existing portfolio in Colombia and will no doubt be a welcome addition for the meetings and conventions market."

"It is our pleasure to work with Hilton on this addition to Corferias," said Andres López Valderrama, president, Corferias. "Our experience with conventions and major exhibitions, combined with Hilton's 97 years of renowned hospitality and delivering exceptional guest experiences is the perfect partnership for a successful project."

Hilton Bogota Corferias is owned in partnership with Pactia, a Colombian private equity fund with extensive experience in real estate investments.

The hotel will participate in Hilton HHonors®, the award-winning guest-loyalty program for Hilton's 13 distinct hotel brands. Hilton HHonors members who book directly with Hilton save time and money and gain instant access to the benefits they care about most, such as an exclusive member discount, free Wi-Fi, the ability to earn and redeem Points for free nights, as well as access to digital amenities like digital check-in with room selection and Digital Key (in select locations), available exclusively through the industry-leading Hilton HHonors mobile app.

Hilton currently has a portfolio of more than 90 hotels and resorts open and welcoming travelers in Latin America, including 13 hotels in Colombia. The company is actively pursuing additional Latin American growth opportunities and currently has a robust pipeline of more than 60 hotels throughout the region, including 10 projects in Colombia.

For more information about this hotel and upcoming Hilton Hotels & Resorts brand openings visit www.hilton.com or news.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 HHonors program. Hilton HHonors members who book directly through preferred Hilton channels receive instant benefits, including 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 available exclusively through the industry-leading Hilton HHonors 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 nearly 4,900 properties with more than 796,000 rooms in 104 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 - A 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 HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where Hilton HHonors members can check-in, choose their room, and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information.

Contact:
Karla Visconti
[email protected]
+1 786 866 7240

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