News & Views on Indian Real Estate

Tuesday, April 29, 2008

Hilton Group Makes a Comeback

Hilton Hotels Corporation is on top gear to make a comeback in the Indian market. The Hilton Group today does not even have a single property in the country courtesy because of the fallen apart tie-up with The Oberoi Group. Now, left all alone in the burgeoning industry, Hilton is firing from all cylinders. The hospitality group is not only looking at bringing a full bouquet of hotels, better called - The Hilton Family of Hotels - to India but also partnering with more than one real estate company. The hotel group has a joint venture with real estate company DLF Limited for setting up hotels in the country called DLF-Hilton Hotels. Hilton is getting its brands, including Hilton, the upscale full service brand, Hilton Garden Inn, the mid-scale brand, and the Homewood Suites by Hilton, an extended stay hotel brand.The first DLF-Hilton hotel is expected to be ready this year at Saket in New Delhi. It will be a Garden Inn with 180 rooms, said a source. The total number of hotels planned under the DLF-Hilton alliance at present, stand at 16, comprising 3,500 rooms. These projects are in various stages of development and construction, and will come up in cities like New Delhi, Kolkata, Chennai, Trivandrum, and Chandigarh. In the next 5-7 years, the JV plans to set up 75 hotels. DLF will build the hotels and will be managed by an affiliate of Hilton Hotels Corporation in India. DLF hold 74% in the JV and Hilton the remaining.

' said...

its a good agreement of Hilton Group with Dlf,both are reputed player in their respective fields

Vikas Bamotra said...

The DLF group is a leading real estate developer in India. The group has over 224 million sq. ft. of existing development and 748 million sq. ft. of planned projects. DLF is committed to quality, trust and customer sensitivity, and deliver on promises with agility, financial prudence and in tune with the highest global standards. The company has also entered into several strategic alliances with global industry leaders

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