Industry Update
Press Release 3 August 2009

Hilton Hotels Corporation Opens New Global Headquarters in Fairfax County, Va.

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Hilton Worldwide Family/group

MCLEAN, Va. -- Hilton Hotels Corporation (“Hilton”) today announced the opening of its new global headquarters at Park Place II in the Tysons Corner area of McLean in Fairfax County, Va. As previously announced, the relocation from Beverly Hills, Calif. follows a thorough review of locations that were evaluated against multiple criteria, including costs, proximity to Hilton’s major business hubs and suitability of available commercial space.

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Christopher J. Nassetta, President and Chief Executive Officer, said, “The opening of our new global headquarters marks the beginning of a new and exciting chapter in our company’s rich history. We are delighted to join the vibrant Fairfax County business community and are confident that our new location will enhance our ability to operate seamlessly as a global company.”

“Hilton’s decision to locate its global headquarters in Virginia is a strong affirmation of the talent and professionalism of our workforce and the competitiveness of Virginia as a headquarters location," said Virginia Governor Timothy M. Kaine. “This is a tremendous announcement for us and the latest indication that Virginia continues to be recognized as the best state for business. We welcome Hilton to the Commonwealth.”

Hilton’s global headquarters is LEED Gold certified, meeting one of the highest environmental standards for design, construction and operation. Hilton occupies approximately one-third of the 11-story, 323,000-square-foot building. The property, which is located at 7930 Jones Branch Drive, was completed in 2008 and is owned by the B.F. Saul Real Estate Investment Trust. It is adjacent to the Hilton McLean Tysons Corner, a Hilton-owned and managed property.

About Hilton Hotels Corporation

Hilton Hotels Corporation is the leading global hospitality company, with more than 3,300 hotels and 550,000 rooms in 77 countries and more than 130,000 team members worldwide. The company owns, manages or franchises some of the best known and highly regarded hotel brands including Hilton®, Conrad® Hotels & Resorts, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations™, Homewood Suites by Hilton®, the Waldorf Astoria™ and the Waldorf Astoria Collection™, as well as the recently launched Home2 Suites by Hilton™. The company also manages the world-class guest reward program Hilton HHonors®.

Hilton Hotels Corporation is an Official Sponsor of the U.S. Olympic Team, which will extend through the 2010 Olympic and Paralympic Winter Games in Vancouver, the 2012 Olympic and Paralympic Games in London, the 2010/2012 US. Paralympic Team and the 2011 U.S. Pan American Team.

The Hilton Family of Hotels adheres to founder Conrad Hilton’s philosophy that, “It has been, and continues to be, our responsibility to fill the earth with the light and warmth of hospitality.” The company put a name to its unique brand of service that has made it the best known and most highly regarded hotel company: be hospitable®. The philosophy is shared by all brands in the Hilton Family of Hotels, and is the inspiration for its overarching message of kindness and generosity.

For more information about the company, please visit .

Contact
Ellen Gonda
Phone: 310-205-7676
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