DLF Group and Hilton Building Seven Hilton Hotels Across India

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. October 14, 2008

APRIL 1, 2008. DLF-Hilton reveals new projects under the Hilton(R), Hilton Garden Inn(R)and Homewood Suites by Hilton(R) brands, part of the overall plans to develop and operate 75 hotels in India in the next five to seven years. New Delhi, India, 1st April, 2008... DLF and Hilton Hotels Corporation in India today announced that they have signed management agreements involving seven new hotel developments in the pipeline.

This marks the second stage in the DLF-Hilton Joint Venture Company's overall strategic development plans to build and develop 75 hotels in India in the next five to seven years. The new projects named today will bring the total number of new hotels under this DLF - Hilton alliance to 16, comprising 3500 rooms. All these 16 projects are in various stages of development and construction.

To be managed by an affiliate of Hilton Hotels Corporation, the seven new hotels will cover different market segments under the Hilton Family of Brands: Hilton, the upscale full service brand; Hilton Garden Inn, the mid-scale brand and the Homewood Suites by Hilton, an extended stay hotel brand.

The projects are:

---| Hilton Dwarka New Delhi, (300 rooms)

---| Hilton Garden Inn New Delhi / Dwarka (400 rooms)

---| Homewood Suites by Hilton New Delhi / Dwarka (100 rooms)

---| Hilton Residences Kolkata (100 rooms)

---| Hilton Garden Inn Chennai / OMR (250 rooms)

---| Homewood Suites by Hilton Chennai / OMR (100 rooms)

---| Hilton Garden Inn Trivandrum (200 rooms)

Mr. Lenny Menezes, CEO of DLF Hilton Hotels Ltd, commented, "The relationship between DLF and Hilton is yielding great results and we are on track to achieve our strategic goal of creating a Pan-India presence in the hospitality sector." Mr. Koos Klein, President, Hilton Hotels Asia Pacific, commented, "Through our Hilton Family of brands we are targeting the different needs of business and leisure

travelers in India, across the price points. Our alliance with DLF intends to announce more new hotel projects in India in the near future."

Mr. Shakti Singh, Managing Director, DLF Hotel Holdings Ltd., commented, "The execution of these seven new management agreements with Hilton is a major step in the overall DLF strategy to rapidly scale up DLF presence in the hospitality sector to 25000 hotels rooms in the next five to seven years."

The new developments in Kerala and Chennai reflect the growing demand for quality accommodations in South India, where IT and tourism industries are rapid gorwing. Additionally, Hilton Residences and Homewood Suites by Hilton are well positioned to cater to the burgeoning need for extended stay products.