Conrad Buenos Aires to Debut in Popular Puerto Madero Area…Hilton Family's Fourth Development in Argentina
Beverly Hills, Calif. (June 28, 2007) - Hilton Hotels Corporation, G&D Developers and Grupo Farallón today announced the signing of the Conrad Buenos Aires, the luxury brand's first management agreement in South America. Located in Puerto Madero, this will be the Hilton Family's second property in the expanding district and its fourth development in Argentina, and will include both a hotel and residences. Construction is planned to begin at the end of 2008 and completion is scheduled for late 2010.
The 196-guestroom Conrad Buenos Aires and 350-unit +5411 Residences at the Conrad Buenos Aires will be developed by G&D Developers and Grupo Farallón as part of a mixed-use complex called +5411 Juana Manso Blvd. Hilton Hotels Corporation will operate the hotel under the terms of a multi-year management agreement.
"We are thrilled to introduce Conrad Hotels & Resorts in Argentina, and to combine the brand's unique and luxurious elements with the emerging elegance of the Puerto Madero area," commented Tom Keltner, chief executive officer, Americas and global brands, for Hilton Hotels Corporation. "Argentina's tourism growth continues to deliver opportunities, and we look forward to bringing our fourth hotel development to the country."
Daniel Mintzer, who co-founded G&D Developers with Gabriel Mayo, added, "We are delighted to have the opportunity to offer a Conrad Hotel as part of the +5411 Development. It brings us great pride to partner with Conrad Hotels & Resorts and we are sure the brand's prestige and excellence will strengthen our project."
Located in Puerto Madero, the contemporary Conrad Buenos Aires will feature 430-square-foot guestrooms, a signature restaurant, a stylish lobby bar, fitness facilities including a swimming pool, and close to 7,000 square feet of meeting space. Both the hotel and residences will form part of a diverse development project offering over 160,000 square feet of office space, and 54,000 square feet of retail space, as well as underground parking for 1,100 cars. The hotel and residences are a short distance away from the established Hilton Buenos Aires, and 25 minutes from Ministro Pistarini International Airport.
Said Tom Potter, area vice president, South America, for Hilton Hotels Corporation, "Buenos Aires is a thriving commercial center within South America and we are truly delighted that Conrad will be showcasing the brand in this flourishing destination. Both business and leisure travelers to Buenos Aires will be able to experience the luxury of Conrad Hotels & Resorts with its individual style and sophisticated service. Conrad Buenos Aires will appeal to the discerning traveler looking for an exclusive luxury environment where they can truly be themselves."
Eduardo Gutierrez, engineer and president of Grupo Farallón, commented, "We are honored that the first Conrad management agreement in South America will be part of our +5411 project. Hilton Hotels Corporation will manage the hotel, delivering the Conrad brand's exceptional standards. This addition to +5411 helps us offer excellence in hospitality and satisfy the sophisticated and growing demand in Argentina."
Buenos Aires, capital of Argentina and the country's largest city, is the nation's financial, industrial, commercial, and cultural center. Puerto Madero is the most recently renovated neighborhood in Buenos Aires. Previously a forgotten port, the area is now bustling with restaurants, renovated lofts, offices, high-rise residences, and luxury hotels. Tourists can enjoy Puerto Madero's ecological reserve, walks along the Rio de la Plata riverbank, and a floating casino. The city also offers an array of museums, historical buildings, theaters, shopping centers, delectable dining options, and a tantalizing nightlife.
Conrad Hotels & Resorts is continuously growing and strengthening its global portfolio and currently has 17 luxury hotels and resorts in leading urban and resort destinations globally. New Conrad Hotels & Resorts are in conversion in the Maldives and under development in Shanghai, Abu Dhabi, Dubai, the Bahamas and Koh Samui.
About The Hilton Family of Hotels In Argentina
Hilton Hotels Corporation currently manages the Hilton Buenos Aires in Puerto Madero. The company will manage the Hilton Iguazu Resort scheduled to open in Iguazu Falls in late 2008, and the Hilton Ushuaia in the southernmost city of the world, scheduled to open in 2009.
About the developers:
G&D Developers is a real estate development company created in 1982 by the architects Gabriel Mayo and Daniel Mintzer. Since then, more than 200.000 square meters have been built and more than 30 developments have already been finished in Buenos Aires. In 2001, the firm opened its branch in the United States in order to expand its activities and search for new horizons. Today, it is developing two of the largest skylines in the growing Palermo neighborhood of Buenos Aires: "Esmeralda Building " and "Palermo UNO Tower" and the "Tres Sesenta Tower" in Punta del Este, Uruguay. It is also developing another used mixed project called "Ribera Urbana" in Neuquén. Two developments are also underway in Miami: "ONE Aventura Executive Center" and "Regatta 2," and another one in the city of Orlando "Plus ONE". The great expansion of developments regionally provides G&D a singular positioning of its products, with exclusive features and market value. The main purpose of the company is to leverage the expertise and knowledge obtained throughout the years for the development of a superior product that meets our foreign customer's expectations, working with the best architecture firms in each development.
Grupo Farallón: The projects, works and undertakings of Grupo Farallón have positioned them within the suburban context of Buenos Aires as well as in the City of Buenos Aires. In addition, Grupo Farallón counts on its "Pulte Homes Argentina" division, a sector of the company dedicated to the design, construction and marketing of single family homes for gated communities. This division enjoys extensive experience in construction, with more than 750 homes sold. Grupo Farallón has been a pioneer in the design, development and marketing of Gated Communities. The first and most successful development was Club de Campo Pueyrredón (1998) followed by La Delfina Gated Community (2000) and La Lomada del Pilar Gated Community (2001 - its extension is currently under construction). The Group's projects are built with the highest construction, service and infrastructure quality. Grupo Farallón planned and built the "Bureau Pilar" a commercial building complex which includes offices, retail and restaurants. This building has been classified as "unique" in Pilar. The residential building 1869 Dorrego progresses in Palermo Hollywood. Grupo Farallón enjoys an attractive track record of high product sales, and a high level of client satisfaction.
The developers have negotiated this agreement with Hilton through RED Hospitality Consulting, a Buenos Aires based hospitality consultancy firm.
About Hilton Hotels Corporation:
Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with more than 2,800 hotels and 480,000 rooms in 76 countries and territories, including 100,000 team members worldwide. The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton®, Conrad®, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations™, Homewood Suites by Hilton® and The Waldorf=Astoria Collection®. For more information about our company, please visit www.hiltonworldwide.com, and to learn more about our be hospitable philosophy, please visit www.behospitable.com.
About Conrad® Hotels & Resorts
Conrad Hotels & Resorts is the contemporary luxury brand of the Hilton Family of Hotels, with 17 award-winning properties in cosmopolitan destinations across the US, Ireland, Belgium, Egypt, Turkey, Hong Kong, Singapore, Thailand, Indonesia, Japan, Australia and Uruguay. Conrad offers luxury services for the discerning traveler, creating a world that celebrates individuality in every sense. Another seven Conrad projects are under development in the US, the Bahamas, the UAE, Thailand, the Maldives and China. All Conrad properties participate in the acclaimed Hilton HHonors® reward programme. Discover the World of Conrad and the greatest luxury of all...The Luxury of Being Yourself. For further information on Conrad Hotels & Resorts please visit ConradHotels.com.
For further information please contact:
Director of Communications
Hilton Hotels Corporation, Caribbean & Latin America
Tel: + 1 786 866-7240
Conrad Brand PR/Communications Manager
Conrad Hotels & Resorts
Hilton International Operations Centre
Tel: 011 44 207 856 8261
Vice President Corporate Communications
Hilton Hotels Corporation World Headquarters, US
Tel: +1 310 205 7676