Hilton in Indian Joint Venture

0

Hilton Hotels Corp. said Tuesday that it will create a joint venture company in India with DLF Limited to develop and own 75 hotels and apartments over the next seven years.


The hotels will represent several Hilton brands, including Hilton Garden Inn, Homewood Suites by Hilton and Hilton Residences. New Dehli-based DLF will hold a 74 percent interest in the joint venture and will develop and build the properties while Hilton manages them. Hilton added that it expects to invest $143 million in the project over the next five to seven years.


DLF is a developer of commercial office, retail, residential and other projects in more than two dozen cities across India.

No posts to display