Hilton to announce US$1bn Expansion Plan

9th June 2008 (Last Updated June 9th, 2008 09:23)

Hilton Hotels Corporation is expected to announce two large development deals worth a combined US$1bn in the UK and Turkey this week. The company will open more than 30 budget Hampton Inn hotels in the UK and 25 new mid-market Hilton Garden Inns across Turkey, The Times reveals.<

Hilton Hotels Corporation is expected to announce two large development deals worth a combined US$1bn in the UK and Turkey this week.

The company will open more than 30 budget Hampton Inn hotels in the UK and 25 new mid-market Hilton Garden Inns across Turkey, The Times reveals.

Property development firm HLH will build and own the UK properties, comprising of 4,000 rooms, while Hilton will manage them.

In Turkey, developer Kosifler Group will finance the new hotels and Hilton will run them.

The new hotels are expected to open within five years.

By staff writer