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Hilton Hotels Corporation Enters Management Agreement for
404-Room Hotel in Honolulu, Hawaii; The Wyland Waikiki
Will Open Later This Summer As A Doubletree(R) Hotel 



BEVERLY HILLS, Calif. - Aug. 10, 2006 -- Hilton Hotels Corporation (NYSE:HLT) has announced the completion of a multi-year agreement with WB-LCP Kuhio Owner, LLC, an affiliate of Lodging Capital Partners, LLC and Westbrook Partners, to manage an upscale, 404-room hotel in Honolulu, Hawaii. Formerly the Ohana(R) Waikiki Surf, the hotel's development team is making the finishing touches on a multi-million-dollar transformation of the first hotel inspired with a hotelwide collection of artwork from world renowned marine life artist Wyland. Located at 500 Royal Hawaiian Avenue in the heart of Waikiki, The Wyland Waikiki - A Doubletree(R) Hotel will open to the delight of the world's travelers later this Summer. 

"Doubletree is delighted to have the opportunity to expand its current portfolio by adding such an incredibly unique hotel experience as The Wyland Waikiki to its portfolio," said Dave Horton, senior vice president - brand management for Doubletree Hotels. "We look forward to working with Wyland and the hotel owners in the weeks and months ahead to develop a variety of programs and initiatives that will communicate and celebrate The Wyland Waikiki's sense of place and passion for the beauty of the ocean and how it will be symbolized throughout this incredible hotel in Hawaii." 

"We are pleased to add this one-of-a-kind asset to our portfolio, in addition to expanding our growing relationship with Hilton," said Steve Kisielica of Lodging Capital Partners, LLC, who recently purchased the hotel with Westbrook Partners. 

With The Wyland Waikiki, Hilton Hotels Corporation will own, manage and/or franchise ten hotels, resorts and vacation ownership properties in the state of Hawaii under the Hilton(R), Doubletree(R), Embassy Suites Hotels(R), and Hilton Grand Vacations(R) flags. 

Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with nearly 2,800 hotels and 475,000 rooms in more than 80 countries, including 150,000 team members worldwide. The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton(R), Conrad(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations(TM), Homewood Suites by Hilton(R), Scandic and The Waldorf=Astoria Collection(TM). 

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Contact:

Hilton Hotels Corporation - Hawaii
Cynthia Rankin, 808-947-7817
cynthia_rankin@hilton.com
www.hiltonworldwide.com

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Also See: The Landmark Claremont Inn in Claremont, California Completes $10 million Renovation and Transformation to a Doubletree Hotel / June 2006
Outrigger Expanding the Opportunities for the Moderately-Priced Brand OHANA Hotels / Mar 2000


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