Hilton (NYSE: HLT) and Parque Arauco S.A. today announced the signing of a management agreement to operate a new build 401-room Hilton hotel in Santiago, Chile – bringing the company’s flagship brand to the country. Hilton Santiago Las Condes will form part of the Parque Arauco Kennedy Shopping Mall complex expansion project scheduled to begin construction next year and debut in 2021. The project, owned and developed by Parque Arauco S.A., will include a Convention Center, new retail outlets, 700 parking spaces and the Hilton managed hotel.
Source: Hotel Industry News