Dalian Wanda Appoints Hilton to Manage Five Hotels by 2012

Luxury and Upscale Properties in Hainan Island, Dalian and Nanjing, China

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. January 22, 2009

BEVERLY HILLS, CA, 22 January 2009 - China based Dalian Wanda Group, a major real estate developer, has announced that it has entered into a strategic relationship with Hilton Hotels Corporation to expand its footprint in the hotel industry in China. Hilton Hotels Corporation has been appointed to manage 5 hotels on behalf of subsidiaries of Dalian Wanda Group, which will own and develop the properties.

Comprising selected upscale and luxury hotels as part of the Hilton Family of Hotels, the agreements include plans for the Conrad Sanya Haitang Bay and Doubletree by Hilton Sanya Haitang Bay on Hainan Island, the Conrad Dalian and Hilton Dalian, and the Hilton Nanjing, to all be opened by 2012.

Martin Rinck, president Asia Pacific - Hilton Hotels Corporation commented, "Through this important relationship with the Dalian Wanda Group, we are making further advances with bringing the value of our Hilton Family of Brands to life in China. With domestic travel continuing to grow and increasing interest in China from international visitors, we are committed to offer best in class hotel products in key cities across the country, and aim to make the Hilton Family a household name here. Five hotels in one day is a very special occasion and we are delighted to be working together with Dalian Wanda Group as a valued owner."

The deal, which was recently signed at a ceremony in Dalian, marks a significant expansion for Hilton Hotels Corporation in China, adding another 1484 rooms to the operator's system. With 9 hotels in operation, and 23 hotels under development, Hilton Hotels Corporation aims to increase its presence in China to 31 hotels, by 2012.

Mr. Jian Lin Wang, Chairman of Dalian Wanda Group commented, "This is a great occasion where we have shown our commitment to developing more properties in the hotel sector. It's important to work with a reliable operator and we believe that choosing Hilton Hotels Corporation will ensure we tap a long legacy of service excellence and global distribution capabilities to offer a great guest experience".

Conrad Sanya Haitang Bay and Doubletree by Hilton Sanya Haitang Bay

The two new additions to Hainan Island will build on the success of Hilton Sanya Resort & Spa which opened in Yalong Bay in 2006, and add to the company's recently announced plans to open Hilton hotels in Haikou and Qing Shui Bay.

Dubbed the "Hawaii of China", Hainan Island's tropical climate, clear blue waters and white sandy beaches attract visitors from across the country as well as Russia, Europe and Asia, for leisure as well as for Meetings Incentives Conferences and Exhibitions. Sanya, is also home to the Miss World Pageant and hosts a variety of luxury hotel developments.

The Conrad Sanya Haitang Bay will feature 101 luxury resort villas on a prime site along the 20 kilometre sandy Haitang Bay Beach, and in close proximity to an 18-hole golf course. With 3 exclusive restaurants and beach dining as well as an intimate wine cellar, the resort will cater for luxury travellers with various recreational facilities including tennis courts, a swimming pool, spa, health club and a kids club.

The 450 room Doubletree by Hilton Sanya Haitang Bay will also feature innovative food and beverage outlets and recreational facilities. Both hotels are scheduled to open in 2011.