Hilton Worldwide and Sands China Ltd., a majority-held subsidiary of global resort developer Las Vegas Sands Corp., today announced the signing of a franchise agreement to open the first Conrad hotel in Macao. Comprising 636 rooms, the Conrad Macao, Cotai Strip is scheduled to open in the first quarter of 2012 at Cotai Central. Conrad Macao, Cotai Strip joins existing Conrad hotels in Hong Kong and Sanya Haitang Bay, and seven hotels under construction in Dalian, Beijing, Suzhou, Guangzhou, Tianjin, Qingdao, and Xiamen in Greater China.
Hilton Worldwide and Sands China Ltd. Sign Franchise Agreement to Bring a New Conrad Hotel to Macao (Photo: Business Wire)
John T. A. Vanderslice, global head, luxury and lifestyle brands, Hilton Worldwide, said, “Adding a Conrad in an exciting location like Macao reflects the brand’s intent to have a presence in the world’s gateway cities and most sought-after resort destinations. Offering a world of style, service, and connection, Conrad Hotels & Resorts are designed for today’s affluent traveler. On five continents, Conrad Hotels & Resorts offers stylish, sophisticated global guests the ultimate luxury - The Luxury of Being Yourself.”
Andrew Clough, senior vice president, development, Middle East & Asia Pacific, Hilton Worldwide, said, “This is a key project for us as it marks the entry of the Conrad brand, one of Hilton Worldwide’s luxury segment brands, into an exciting new market like Macao. To be able to do this with a well-respected hospitality company such as Sands China Ltd. which has a deep understanding of the luxury segment, is indeed beneficial to the brand and we believe the partnership will deliver mutual benefits to both corporations. Conrad Macao now joins a pipeline of 18 Conrad Hotels & Resorts scheduled to open within the next four years, thereby making it one of the fastest growing luxury brands in the hospitality segment.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV