October 2008
Hilton Hotels Corporation has announced expansion plans to quadruple its presence in the Caribbean and Latin America by adding 150 new hotels to the portfolio over the next five years.
This news underscores the company’s stated goal to add 1,000 hotels to its international portfolio in ten years.
The development team will support expansion in South America, where the company currently has 12 properties. They will be based in Hilton’s South America development headquarters in SAGBPo Paulo, Brazil as they lead the company in achieving 50 new hotels throughout South America over the next five years.
Due to the size and strength of the Brazilian economy, Brazil will be a key focus of Hilton’s development activities in the region. Hilton’s growth plans include not only Brazil’s largest cities, SAGBPo Paulo and Rio de Janeiro, but also a number of secondary cities such as Brasilia, Belo Horizonte, Porto Alegre, Manaus, Recife, and Goiania, among others. Additionally, Hilton will focus on developing properties in gateway and strategic markets such as Buenos Aires, Argentina; Santiago, Chile; Lima, Peru; Caracas, Venezuela; and Bogota, Colombia.
The company currently has seven signed projects in South America: Hilton Bariloche, Hilton Iguazu Resort and Hilton Ushuaia in Argentina; Hilton Salvador da Bahia, Brazil; Hilton Bogota, Colombia; Doubletree Guest Suites by Hilton, Paracas, Peru; and Embassy Suites by Hilton Valencia, Venezuela.
