September 2009 Developments - 10

Around the Industry INDUSTRY NEWS expand throughout the country. The event, held at the Hampton Inn & Suites Mexico City-Centro Historico, came just after the company’s announcement of a new Hilton Garden Inn management agreement plan in Chiapas, Mexico. The forum brought together executives from Hilton’s development team, representatives from three of the company’s brands (Embassy Suites by Hilton, Hilton Garden Inn, and Hampton Inn by Hilton), and key decision makers from Mexico’s hotel investor and development community. Late last year, Hilton announced plans to quadruple its presence in the Caribbean and Latin America with the addition of 150 hotels over the next ﬁve years including 60 in Mexico. The company also revealed a new development structure to lead the efforts in achieving this objective. Two of the team are dedicated to pursuing this growth in Mexico and since last year’s announcement have opened three hotels: Hampton Inn & Suites Mexico City–Centro Historico, Hampton Inn by Hilton Ciudad Victoria, and Hampton Inn by Hilton Guadalajara–Aeropuerto, and just announced a management agreement with Hoteles Valle del Grijalva SA de CV, for a Hilton Garden Inn hotel in Tuxtla Gutierrez (the capital city of Chiapas). Hilton has added another ﬁve hotels to their development pipeline in Mexico, which today consists of 21 properties spanning the country. In an effort to continue this momentum, Hilton invited investors and developers to spend a day learning about the company’s brands, as well as its plan to expand the Hilton Family of brands throughout Mexico: Hilton, Conrad Hotels & Resorts, Doubletree by Hilton, Embassy Suites Hotels by Hilton, Hampton Inn by Hilton, Hampton Inn & Suites by Hilton, Hilton Garden Inn, Hilton Grand Vacations, Homewood Suites by Hilton, Waldorf Astoria, the Waldorf Astoria Collection, and the recently launched brand Home2 Suites by Hilton. Interval International Afﬁliates Dames De La Mer Turkish Mariner Joins Quality Vacation Exchange Network Interval International, a leading global provider of vacation services, has announced the afﬁliation to its network of Dames De La Mer, a fractional ownership project comprising a ﬂeet of sailing boats. Based in Turkey, the yachts will operate in the Eastern Mediterranean. The home marina of Dames De La Mer is Netsel Marmaris, located on the outskirts of the town of Marmaris (90 kilometers from Dalaman Airport). The marina itself has a capacity of 720 moorings, electric and water connections, a tennis court, swimming pool, 10 restaurants, and two café bars. There is Flexible ﬁnancing for timeshare receivables At Wells Fargo Foothill, our Resort Finance team takes pride in offering ﬂexible, innovative credit facilities from $10 million to $100 million. And as a part of Wells Fargo, we can offer you the comprehensive range of ﬁnancial products and services you’ve come to expect from us. To learn more, call or email me today. Mike Smith Michael.Smith@wellsfargo.com 1-860-249-7184 © 2009 Wells Fargo Foothill. All rights reserved. 10 Developments • September 2009

September 2009 Developments

Table of Contents for the Digital Edition of September 2009 Developments