Hilton Worldwide has signed eight management agreements with Shimao Group, one of the leading China-based real estate development conglomerates, for eight new hotels in eight key Chinese cities.
These agreements will result in Hilton brand hotels in Tianjin, Nanjing, Wuhan, Shenyang, Yantai and Wuxi, and Conrad brand hotels in Xiamen and Qingdao. The properties are slated to start operations between 2011 and 2014.
According to Hilton Hotels, the signing of these eight management agreements is collectively the largest multiple hotel management project signed by Hilton Worldwide with a single owner in China to date. It is also Hilton Worldwide’s first management agreement signed with Shimao Group. “Hilton Worldwide is one of the fastest growing hotel companies in terms of contracts signed globally, and China is a critical part of our global development blueprint.
This partnership with Shimao Group is a significant milestone for Hilton Worldwide, and we are proud to be associated with a strong and well-regarded company like Shimao Group,” said Christopher J. Nassetta, President and Chief Executive Officer, Hilton Worldwide. “Shimao Group enjoys a leading position in China's real estate industry while Hilton Worldwide brings the highest quality hotel brands and management expertise, making this partnership one of the most prominent collaborations in China's hospitality industry.”
“As the leader in the global hospitality industry and the most recognized an
d influential hotel brand in the Greater China region, Hilton Worldwide is undoubtedly a preferred business partner for Shimao Group as we grow our business in the high-end segment of China’s hospitality industry,” said Xu Rongmao, Shimao Group’s Founder and Chairman. “Hilton Worldwide was one of the first international hotel operators to enter China. Since we started operating in 1988, we have enjoyed strong brand awareness and recognition for our service,” said Martin Rinck, President, Asia Pacific, Hilton Worldwide.
“These eight new hotels will be strategically located in first-tier cities and fast-emerging second-tier cities and will enable Hilton Worldwide to carve a larger share in China’s huge international and domestic travel market.”
“Our presence in Greater China continues to expand, and we now operate 13 hotels under four brands in this region: Waldorf Astoria, Conrad, Hilton and Doubletree by Hilton,” said Lee Weehau, Vice President, Development, Greater China.
“We currently have 47 properties under development and plan to have more than 100 operating hotels over the next five years. We will be introducing more of our ten leading brands to China as we develop strategically across the luxury, full-service and mid-market segments.”