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Acquisitions & Hotel Openings

Tara Investments Opens New Homewood Suites by Hilton Charleston Historic District, South Carolina

CHARLESTON, S.C. and MCLEAN, VA. August 8, 2017 - Homewood Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today its newest property, Homewood Suites by Hilton Charleston Historic District. Designed for guests who want to travel on their own terms, Homewood Suites by Hilton Charleston Historic District offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 139 new suites, the hotel complements the city's growing status as a travel destination with its continued accolades, such as the "Best Small City in the U.S." for Conde Nast Traveler's Reader's Choice Awards last year*.

"Year after year, Charleston remains a top travel destination for both domestic and international travelers, and our hotel is conveniently located in the heart of it all," said Cherelle Davis, general manager. "We guarantee our spacious suites and comfortable amenities will make guests feel right at home, whether staying for one night or an extended stay."

Developed, owned and managed by Tara Investments, Homewood Suites by Hilton Charleston Historic District offers a combination of studio and one-bedroom accommodations featuring fully equipped kitchens and separate living and sleeping areas. Guests have the option to select a Meeting Street suite and catch a view of the famous Cooper-River Bridge outside of their window. Guests are also provided all the essentials needed for a smart, reliable and convenient stay including complimentary daily full-hot breakfast, evening social Monday-Thursday, Wi-Fi and a grocery shopping service**. Homewood Suites by Hilton Charleston Historic District also makes it easy for travelers to unwind with a fitness center, full-service bar, outdoor pool and patio area. The property also offers more than 3,000 square feet of flexible space that is ideal for meetings and social events.

Located at 415 Meeting Street, Homewood Suites by Hilton Charleston Historic District is in the heart of Charleston and offers guests convenient access to the city's main attractions, such as popular boutique shops and restaurants along Upper King Street and nearby Marion Square

Read more about Homewood Suites by Hilton at www.homewoodsuites.com and news.homewoodsuites.com.

*SOURCE: Conde Nast Traveler **Guest pays for groceries. Other restrictions apply.

About Homewood Suites by Hilton

Homewood Suites by Hilton, Hiltonís upscale, all-suite, extended-stay hotel brand with more than 430 locations in the United States, Mexico and Canada, is an award-winning leader. The first choice for guests seeking comfortable accommodations when traveling for an extended or quick overnight stay, Homewood Suites offers inviting, generous suites, featuring separate living and sleeping areas, and fully-equipped kitchens with full-size refrigerators. Additional value-driven essentials include: complimentary Internet, a daily full-hot breakfast and complimentary evening social every Monday-Thursday. 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 canít 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. Homewood Suites is focused on guest satisfaction and stands behind each stay with its 100% Suite Assuranceģ guarantee. For more information on the extended-stay advantage, visit www.homewoodsuites.com or news.homewoodsuites.com.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 825,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the worldís most hospitable company by delivering exceptional experiences Ė 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 HiltonTM, DoubleTree by Hilton, Tapestry Collection by HiltonTM, 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 canít be found anywhere else and free standard Wi-Fi. Visit Visit newsroom.hilton.com for more information and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

Contact:
Cherelle Davis
General Manager
Homewood Suites by Hilton Charleston Historic District
cherelle.davis@hilton.com
843-724-8800

Kristen Wells
Director, Brand Public Relations
Hilton
kristen.wells@hilton.com
703-883-5826

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotelís operation that isnít touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law Ė real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott Internationalís acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important Ė the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding itís much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.