Industry Update
Press Release28 February 2017

Hilton Expands Presence In Colombia With Signing Of Hilton Medellin

“City of Eternal Spring” Continues to Grow as Strong Business Hub in Latin America

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Hilton Worldwide Family/group

Hilton (NYSE: HLT) and Constructora Colpatria today announced the signing of a franchise license agreement to open Hilton Medellin, bringing the company's flagship brand to Colombia's second largest city. The multi-million project will be one of the largest real estate investments in Colombia this year. The 25-story, 206-room new-build development is planned to open in Q2 2019.

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Hilton opened DoubleTree Bogota Calle 100, Hampton by Hilton Bucaramanga, and Hampton Inn by Hilton Medellin in Colombia in 2016, and currently has a portfolio of 14 properties in the country and 9 projects in the pipeline.

"This is an excellent time to bring the Hilton brand to Medellin as its lodging market continues to experience healthy growth and the city further establishes itself as one of Colombia's principal business hubs," said Juan Corvinos, managing director, development, Mexico, Central America and Hispanic Caribbean Regions, Hilton. "With an influx of multinational corporations, Hilton Medellin's sought-after location and unparalleled amenities will position the property as a prominent destination for social and corporate events in the city."

The hotel site is located on Avenida de las Palmas, and will offer great accessibility to one of the busiest and most important roads in Medellin's upscale El Poblado neighborhood. Hilton Medellin will be part of a mixed-use development, to include retail, office space and non-branded residential units in a complex with a parking garage with more than 450 parking spaces.

The hotel is owned and developed by Constructora Colpatria. Constructora Colpatria has over 40 years of experience in the Colombian market having developed many commercial, residential, retail and infrastructure projects throughout Colombia, and currently has offices in Mexico and Peru.

"Hilton Hotels & Resorts has a long history in Colombia and its strong reputation in the country brings confidence to this development," said Amparo Polania, President, Constructora Colpatria. "The city of Medellin is an increasingly important an international business hub and we are excited to bring the first Hilton hotel to the market, benefitting the growing number of business travelers."

Hilton Medellin will feature more than 2,000 square meters of world-class meeting space, including a 600-square-meter modular ballroom alongside five additional secondary meeting rooms. Other amenities will include an outdoor pool and whirlpool, executive lounge, fitness center, restaurant and piano bar, spa facility and beauty salon.

"Located in a valley surrounded by mountains, Medellin continues to be globally recognized as one of the most innovative cities in the world," said Shawn McAteer, vice president, global brand management, Hilton Hotels & Resorts. "The signing of Hilton Medellin is a significant milestone in a key region, and elevates our overall presence in this growing Latin America destination."

Hilton Medellin will participate in Hilton Honors®, the award-winning guest-loyalty program for Hilton's 14 world-class brands comprising nearly 4,900 properties with more than 800,000 rooms in 104 countries and territories. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can't be found anywhere else and free standard Wi-Fi. Members also enjoy popular digital tools available exclusively through the industry-leading Hilton Honors mobile app.

For more information about Hilton Hotels & Resorts, visit www.hilton.com or news.hilton.com.

Acerca de Constructora Colpatria

Constructora Colpatria es una compañía colombiana con 40 años de experiencia y trayectoria en la industria de la construcción, que cuenta con filiales en México y Perú. Desarrolla vivienda, construcciones inmobiliarias comerciales, corporativas, institucionales, así como obras de infraestructura (vías, puertos marítimos, férreos, cables aéreos). A lo largo de su experiencia, ha consolidado una cartera diversificada que le permite acercar una oferta de valor al cliente en todas las etapas del desarrollo constructivo. En ese sentido, la compañía está en capacidad de estructurar todo tipo de proyectos. El diseño y calidad de sus obras ha representado, para la compañía y sus clientes, obtener las máximas certificaciones ambientales LEED en las categorías Silver, Gold y Platinum. Constructora Colpatria pertenece al Grupo Colpatria, holding que desarrolla negocios asociados a la banca, el sector asegurador y previsional (con socios internacionales canadienses, franceses) y participa también en negocios relacionados con la industria minera y de hidrocarburos.

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Hilton

Founded in 1919 as the flagship brand of Hilton Worldwide, Hilton Hotels & Resorts continues to build upon its legacy of innovation by developing products and services to meet the needs of savvy global travelers at more than 550 hotels across six continents.
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About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,600 properties and more than 1 million rooms, in 119 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2020 World"s Best Workplaces list, and was named the 2020 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the more than 118 million members who book directly with Hilton can earn Points for hotel stays and experiences money can"t buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

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