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Zhejiang Huafon Real Estate Development Co. Ltd Signs Hilton to Manage a
300 room Hotel within the Dicara Golden Tower in Qianjiang New City
of Hangzhou
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McClean, Va. & Shanghai, 11 August 2009 – Hilton Hotels Corporation (Hilton) has signed through its subsidiary an agreement to manage the Hilton Hangzhou Qianjiang, China. Opening in the first quarter of 2014, the 300-room hotel will be the first Hilton hotel in Hangzhou. The hotel will be owned by Zhejiang Huafon Real Estate Development Co. Ltd – a joint venture including Huafon Group Co. Ltd., Dicara Co. Ltd., and Zhejiang Zheshang Co., Ltd.

The Hilton Hangzhou Qianjiang will be located in the 200-metre high “Dicara Golden Tower” on a prime site in Qianjiang New City of Hangzhou. Qianjiang New City is planned to become a new Central Business District (CBD) in Hangzhou.

Martin Rinck, President – Asia Pacific, Hilton Hotels Corporation commented, “We are delighted to be working with Zhejiang Huafon Real Estate Development Co. Ltd. on this exciting project. This will be the first Hilton hotel in Hangzhou and we aim to make the Hilton Hangzhou Qianjiang the preferred choice for the discerning travellers.”

The deal marks the latest milestone in Hilton’s expansion plans in China, which include 28 hotels under development. With more than 500 hotels in 76 countries around the world, the Hilton Hotel brand is found in more countries than any other full service hotel brand. The brand plans to serve 78 countries by the end of 2009.



Artist Impression of 
Hilton Hangzhou Qianjiang
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“Hilton looks forward to becoming an integral part of the Hangzhou community,” said Dave Horton, Global Head – Hilton Hotels. “The Hilton Hangzhou Qianjiang is an exciting project that combines the service, amenities and innovation that define Hilton as the global leader of hospitality.”

The Hilton Hangzhou Qianjiang will comprise extensive food and beverage outlets and innovative meeting space including a ballroom, function rooms, meeting rooms and boardrooms. For recreation, guests will be able to choose among the hotel fitness centre, spa and treatment rooms, in-door thermal swimming pool and retail outlets.

Mr. Xie Qingbao, Chairman of Dicara Co. Ltd. commented, “Hilton is a well recognised brand name in China, known for superior service and quality. We believe by teaming up with the Hilton, this development will deliver a unique city experience for leisure and business travellers alike”.

Dubbed “Heaven on Earth in China”¹, Hangzhou’s natural beauty and cultural heritage has long been an important national tourist destination in China. Today, Hangzhou continues to attract visitors from across the country as well as from overseas.
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(L to R): Timothy Soper, Vice President Operations, Hilton Hotels- Greater China & Mongolia, Dong Jianping, Deputy Chairman, CPPCC Hangzhou Committee, Wang Guoping, Member of the Standing Committee of CPC Zhejiang Committee, Secretary of CPC Hangzhou Committee and Chairman of the Standing Committee of Hangzhou People's Congress, Yang Xubiao, Standing Committee Member, CPC Hangzhou Municipal Committee, Deputy Mayor of Hangzhou, Mr. Xie Qingbao, Chairman of Dicara Co. Ltd ¹Source: http://news.cultural-china.com

Surrounded by key commercial and municipal buildings of Hangzhou, the hotel is a 20-minute drive from the Xiaoshan International Airport and an 8-minute drive to Hangzhou Railway Station. The provincial capital of Zhejiang is one of the thriving cities in the Yangtze Delta region, and is within an hour’s drive to Shanghai.

Zhejiang Huafon Real Estate Development Co., Ltd.
Huafon Group Co. Ltd. is China’s largest polyurethane product manufacturer. It is listed in China Petrochemical Industry Top 100. Zhejiang Huafon Spandex Co., Ltd., a member enterprise of Huafon Group, is listed on Shenzhen Stock Exchange (stock no. 002064). Dicara Co. Ltd. is a consortium enterprise founded by a few alumni of the EMBA CEO class in Zhejiang from Tsinghua University. The company undertakes a series of developments on the axis line of Hangzhou Qianjiang New City CBD, including “Dicara International Centre”, “Dicara Silver Tower” and “Dicara Golden Tower”. Zhejiang Zheshang Industrial Co., Ltd. is funded by the enterprises who chair the Wenzhou Chamber of Commerce. With real estate investment as its core business, the company is also involved in other fields such as investment, trade, industry and tourism.

About Hilton Hotels Corporation
Hilton Hotels Corporation, is the leading global hospitality company based in McLean, VA, with more than 3,300 hotels and 550,000 rooms in 77 countries and more than 130,000 team members worldwide. The company owns, manages or franchises some of the best known and highly regarded hotel brands including Hilton, Conrad Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations, Homewood Suites by Hilton, the Waldorf Astoria and the Waldorf Astoria Collection, as well as the recently launched Home2 Suites by Hilton. The company also manages the world-class guest reward program Hilton HHonors®. Hilton Hotels Corporation is an Official Sponsor of the U.S. Olympic Team, which will extend through the 2010 Olympic and Paralympic Winter Games in Vancouver, the 2012 Olympic and Paralympic Games in London, the 2010/2012 U.S. Paralympic Team and the 2011 U.S. Pan American Team.

In China, Hilton Hotels Corporation operates 6 Hilton hotels in Beijing, Beijing Wangfujing, Shanghai, Hefei, Sanya, Chongqing, and 3 Doubletree by Hilton Hotels in Beijing, Huaqiao/Kunshan and Qingdao as well as the Conrad Hong Kong. The Company has a pipeline of 28 hotels under development. For more information about the company, please visit www.hiltonfamily.com.

About Hilton Hotels
With more than 500 hotels and resorts in 76 countries around the world and plans to serve 78 countries by the end of 2009, Hilton continues to build on its history as a pioneer in the industry by developing products, services and amenities that offer today’s travelers more choice and control over their stays. From Hilton Fitness by Precor to its world-class Hilton Worldwide Resorts portfolio; from the Serenity Collection of in-room amenities to Hilton Meetings, a premier global product for small meetings, Hilton’s offerings are designed to enable guests to be at their personal best whether they travel for business or pleasure. Hilton’s belief that Travel Should Take You Places celebrates a commitment to the idea that travel can and should be transformative. Start your journey at www.hilton.com available in
English, Spanish and French.

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Contact:

Hilton Hotels Corporation
Faith Thoms, Director PR & Communications – Asia Pacific
Tel: +65 6833 9762; Email: faith.thoms@hilton.com

Zhejiang Huafon Real Estate Development Co. Ltd.
Zheng Qi, Administration Supervisor
Tel: +86 571 8763 5111; Email: dikai@vip.sohu.com

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Also See: Shangri-La Hotel, Hangzhou Blazed Path for Joint Ventures; In 1985 It Was First Chinese Hotel Partly Owned and Managed by a Private Company / March 2006
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