India Real Estate Monitor

Hilton Hotels Corp plans to put in three hundred hotels to the existing forty seven in Asia over the subsequent decade, as the firm looks for to catch up with its competitors and cash in on the boom in business and leisure travel in India and China, a media report on 25th June said.
According to The Wall Street Journal Hilton, with nine brands ranging from the opulent Waldorf -Astoria Collection to the thriftier Hampton Inn, expect to administer the majority of these new hotels and leave the investment and ownership of them to others.
“The Asia region is one of our absolute top main concerns for our business and development. The plan is to put about three hundred new hotels in the region. We’d like to do better than that, but that’s our goal,” the report said quoting Hilton’s Chief Executive and President Chris Nassetta.
He also anticipated the value of these planned hotels to be in “the tens of billions of dollars.”
Hilton Hotels is a foremost worldwide hospitality company with more than three thousand hotels in seventy four countries and territories.
The newspaper quoting Nassetta said Hilton is concentrating initially on India, where it has a joint venture with local property firm DLF Ltd. that aims to open seventy five hotels within the subsequent five years.
“Starting in India’s big cities, where population density limits the availability of appropriate land for international -standard hotels, Hilton plans to set up its Hilton Hotels, Homewood Suites by Hilton and Hilton Garden Inn brands,” it noted.