Hilton and Country Garden Hotels Group Form Strategic Partnership for Conversion of Properties to Hilton Brands
Hilton (NYSE: HLT) and Country Garden Hotels Group have announced a
strategic partnership which will see numerous Country Garden hotel
properties managed by Hilton, primarily with its DoubleTree by Hilton
and Hilton Garden Inn brands.
The partnership, formalized during a signing ceremony attended
in Shanghai by Hilton CEO Christopher J. Nassetta and Country Garden
Vice President Xie Shutai, sees an initial six hotels owned by Country
Garden now trading as Hilton branded properties or in the pipeline. As
one of China'slargest property developers, Country Garden has an
existing portfolio of over 120 hotels in trading, under construction,
and in planning.
"Country Garden is a widely admired property developer and we are thrilled to be extending our partnership with them," said Nassetta. "Ultimately, our goal is to provide exceptional experiences to our guests wherever they may be, and through this partnership, we have an opportunity to bring Hilton's signature hospitality to even more locations across the country."
A Country Garden Hotels Group representative said, "Country Garden, as the practitioner of China'snew urbanization process, has been striving to meet peoples' demands for increased quality of education, tourism, and life as a whole. In cooperation with Hilton, Country Garden built two highly-regarded benchmark city hotels in Wuhan and Foshan, Hilton Wuhan Optics Valley and Hilton Foshan. These have now become the best choice for local tourists to do business and spend their vacation in quality comfort. In pursuing the same vision of promoting China's tourism and leisure industry, Country Garden Hotels Group and Hilton will work together to deepen cooperation, share their individual advantages, and bring more regions and consumers quality tourism and accommodation experiences."
New hotels included in the partnership deal include DoubleTree by Hilton Hainan Lingshui,DoubleTree by Hilton Guangzhou Zengcheng, and Hilton Zhengzhou Xingyang.
Hilton currently has 470 hotels either trading or under development in China, with 266 being actively under construction.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
