Hilton and Parque Arauco Sign Management Agreement for Hilton Hotel Slated for 2021 Opening in Santiago, Chile
MCLEAN, VA. October 5, 2016 - Hilton (NYSE: HLT) and Parque Arauco S.A. today announced the signing of a management agreement to operate a new build 401-room Hilton hotel in Santiago, Chile - bringing the company's flagship brand to the country. Hilton Santiago Las Condes will form part of the Parque Arauco Kennedy Shopping Mall complex expansion project scheduled to begin construction next year and debut in 2021. The project, owned and developed by Parque Arauco S.A., will include a Convention Center, new retail outlets, 700 parking spaces and the Hilton managed hotel.
“Hilton remains focused on expanding our industry leading brands throughout Latin America and we are thrilled to bring the company's flagship Hilton Hotels & Resorts brand to Chile,” said Eduardo Rodriguez Suarez, managing director development, Brazil and the Southern Cone Region, Hilton. “We have been working diligently to bring this project to fruition and we are proud to announce this milestone deal with Parque Arauco S.A. as partners.”
Strategically located in one of the city's most iconic shopping destinations, offering retail, entertainment, dining and more, Hilton Santiago Las Condes will serve as an ideal base for both business and leisure travelers visiting the city for events or a sophisticated city escape. The new hotel, designed by Gensler Architecture, Benkel Larraín Architects, and Enrique Concha & Co interior design, will offer guests two restaurants and three bars; spa with heated indoor swimming pool; 30th floor terrace with outdoor swimming pool and sky bar overlooking the city; 29th floor fitness center; executive lounge; and access to the city's largest hotel convention center with more than 32,000 square feet of flexible space to host events for more than 2,800 guests. The hotel's seventh floor will be home to outdoor gardens offering a privileged view of Parque Araucano - an expansive natural setting in Las Condes area of Santiago.
"Our more than US$200 million investment in this development consolidates mixed-use as a business focus of the company, not only including commercial space, but further enhancing hotel supply with a new and complete offering. We are pleased with this project's progress as it strengthens our position in an industry where we have been pioneers and innovators," said Andres Torrealba, general manager, Chile division, Parque Arauco S.A. "The location of our shopping center, along with the addition of a full-service Hilton hotel managed by a leading global hospitality company will allow us to successfully meet a growing demand for this type of space in the city."
“With its diverse tourism and cultural attractions, Chile is an exciting new destination for Hilton as we expand our global portfolio,” said Shawn McAteer, vice president, global brand management, full-service hotels, Hilton. ”We look forward to the debut of our Hilton Hotels & Resorts brand in Santiago - Chile's capital and largest city, and welcoming travelers with our renowned hospitality.”
The hotel will participate in Hilton HHonors®, the only hotel loyalty program that allows members to earn Points & Miles® on the same stay and No Blackout Dates on reward stays. Hilton HHonors members who book directly through preferred Hilton channels receive instant benefits, including an exclusive member discount that can't be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key available exclusively through the industry-leading Hilton HHonors app.
Hilton currently has a portfolio of more than 90 hotels and resorts open and welcoming travelers in Latin America. The company is actively pursuing additional Latin American growth opportunities and currently has a robust pipeline of more than 50 hotels throughout the region.
For more information about this hotel and upcoming Hilton Hotels & Resorts brand openings visit www.hilton.com or news.hilton.com.
About Hilton Hotels & Resorts
For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With more than 570 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As the flagship brand of Hilton, Hilton Hotels & Resorts continues to set the standard for hospitality, providing new product innovations and services to meet guests' evolving needs. Hilton Hotels & Resorts is a part of the award-winning Hilton HHonors program. Hilton HHonors members who book directly through preferred Hilton channels receive instant benefits, including an exclusive member discount that can't be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key available exclusively through the industry-leading Hilton HHonors app. Begin your journey at www.hilton.com and learn more about the brand by visiting news.hilton.com.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company, comprising more than 4,700 managed, franchised, owned and leased hotels and timeshare properties with over 775,000 rooms in 104 countries and territories. For 97 years, Hilton has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, 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 HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where Hilton HHonors members can check-in, choose their room, and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information.
About Parque Arauco S.A.
(SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque Arauco”) Develops and manages multi-format real estate assets, mainly for commercial use, orientated towards differentiated socio-economic sectors in Chile, Peru and Colombia. Parque Arauco S.A. owns and operates four shopping center formats: regional, neighborhood, outlet malls and strip centers. Their tenants are department stores, home improvement stores, supermarkets, restaurants, cinemas, health centers and smaller stores, offering various types of products. As of 08/31/16, Parque Arauco has 873,000m2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2005 and Colombia in 2008. The company's assets include six regional shopping centers, four premium outlet malls and 13 strip centers in Chile; six regional shopping centers, eight neighborhood centers, two premium outlet malls and two strip centers in Peru; and two regional shopping centers in Colombia as well as a large land bank to support the company's future growth plans. For more details, visit the company's website: www.parauco.com .
Contact:
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