DLF-Hilton Announce Seven Hotels in India

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. October 14, 2008

APRIL 2, 2008. DLF and Hilton Hotels Corporation today announced in India 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 3,500 rooms. All 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 Hotels: Hilton, an upscale full service brand; Hilton Garden Inn, a focused service mid-scale brand and Homewood Suites by Hilton, an upscale extended stay hotel brand.

The projects are:

Hilton Dwarka New Delhi (300 rooms)

Hilton Garden Inn(R) New Delhi / Dwarka (400 rooms)

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

Hilton Residences Kolkata (100 rooms)

Hilton Garden Inn(R) Chennai / OMR (250 rooms)

Homewood Suites by Hilton Chennai / OMR (100 rooms)

Hilton Garden Inn(R) Trivandrum (200 rooms)

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."

Koos Klein, President, Hilton Hotels Asia Pacific, said, "Through our Hilton Family of Hotels 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."

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 25,000 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 growing. Additionally, Hilton Residences and Homewood Suites by Hilton are well positioned to cater to the burgeoning need for extended stay products.