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Hilton Worldwide And Sands China Ltd. Sign Franchise Agreement To Bring A New Conrad Hotel To Macao (Photo: Business Wire)

Stocks in this article: LVS

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  ...

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.”

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