Hilton President & COO, Elected to Board of Directors

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. October 14, 2008

BEVERLY HILLS, CA, January 18, 2007. The Board of Directors of Hilton Hotels Corporation (NYSE:HLT) announced today that company president and chief operating officer Matthew J. Hart has been elected to the company's board. With Mr. Hart's election, the number of Hilton directors remains at 11.

'In his 11 years with Hilton, Matt has been and continues to be an invaluable contributor to our company's success, from developing and driving our financial strategy as chief financial officer, to creating and implementing new product, service and marketing initiatives as chief operating officer,' said Stephen F. Bollenbach, Hilton co-chairman and chief executive officer. 'As one of the most talented and respected executives in the lodging industry, Matt is a welcome addition to our Board of Directors.'

Prior to joining Hilton in 1996 as executive vice president and chief financial officer with responsibility for the company's financial affairs, Mr. Hart, 54, was senior vice president and treasurer for the Walt Disney Company, where he directed that company's corporate and project financing activities. Before joining Disney, he served as executive vice president and chief financial officer for Host Marriott Corporation. He held various financial positions at Marriott Corporation (prior to the formation of Host Marriott), which he joined in 1981 as manager, project finance. Mr. Hart also was a lending officer with Bankers Trust Company in New York.

He graduated cum laude from Vanderbilt University in 1974 and received his MBA from Columbia University in 1976. Mr. Hart lives in Brentwood, California, with his wife and three children.

Hilton's Board announced also that it has entered into an agreement with Mr. Bollenbach, whereby on December 31, 2007, he will cease to serve as CEO but, until December 31, 2010, will continue to be employed by the company and serve as co-chairman of the Board, providing the CEO and Board with assistance on long-term planning, strategic oversight and other matters. The agreement also provides that from January 1, 2011, until December 31, 2012, Mr. Bollenbach will provide consulting services to the company.

In reaching the agreement with Mr. Bollenbach, Hilton co-chairman Barron Hilton said, 'Under Steve's leadership, the past 11 years have been a period of transformation and accomplishment that is unsurpassed in the history of Hilton Hotels Corporation. We are pleased that we - along with our shareholders, team members and hotel owners - will continue to have the benefit of Steve's business acumen, experience and insights as Hilton strengthens its position as the premier global lodging company.'

The Board noted also that the process of identifying and naming a successor to Mr. Bollenbach as CEO is well underway, and is expected to be completed by summer 2007.

Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with over 2,800 hotels and 490,000 rooms in more than 80 countries, including 150,000 team members worldwide.

The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton(R), Conrad(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations(TM), Homewood Suites by Hilton(R), Scandic and The Waldorf=Astoria Collection(R).