Located in the Mirow district of Warsaw, at the western side of the City Centre, the 320-room hotel and conference centre is scheduled to open at the end of 2004. Constructed around a central plaza, the hotel will form part of a mixed-use development including the 2,500 sq. m conference centre, office and commercial space and a large health and leisure centre, directly linked to the hotel.

The hotel will offer an extensive range of first class facilities, including a choice of dining options, bars and function rooms for banqueting. �Hilton Meetings� standards will provide start-of-the-art meeting and conference solutions.

�We are delighted to be entering the Polish market with our first hotel in Warsaw, a location of increasing importance as a gateway city in that part of Europe,� said Anthony Harris, Chief Executive, Hilton International. �We expect the Hilton Warsaw and Convention Centre to benefit substantially from meetings and conference business drawn to the excellent facilities we will be offering.�

The Hilton Warsaw will add to our growing portfolio of hotels in Eastern and Central Europe, joining our hotels in Budapest, Prague, Bucharest, Sofia and forthcoming property in Moscow.

Commented Mr Yossi Granot, Chief Executive Officer, Dirom Building Investments & Development Ltd: �We are extremely confident in Hilton�s ability to make this hotel the best hotel and convention centre in Warsaw as a part of the huge complex we are going to build, including residential apartments and a commercial centre.�

Hilton Hotels Corporation, based in Beverly Hills and Hilton International, a subsidiary of London-based Hilton Group plc, have a worldwide alliance to market Hilton, the world�s best known hotel brand. Collectively offering over 2,300 hotels in more than 60 countries worldwide, both companies are recognised as leaders in the hospitality industry. Hilton International currently operates 384 hotels in over 60 countries worldwide.