from today's Los Angeles Business Journal (9/30):
Posted date: 9/30/2008
Hilton Plans Major Caribbean-Latin America Expansion
By DEBORAH CROWE
Los Angeles Business Journal Staff
"Hilton Hotels Corp. on Tuesday announced plans to quadruple its presence in the Caribbean and Latin America by adding 150 hotels to its portfolio over the next five years.
The Beverly Hill-based hotel chain announced a six-person development team that will focus on the goal. Hilton currently has 51 hotels throughout the Caribbean and Latin America, another 42 properties in its development pipeline and has identified a number of potential locations, it said." ...
for the complete story
The company previously set a goal of adding 1,000 hotels to its international portfolio in 10 years. Hilton went private last October in a $26 billion acquisition by the Blackstone Group, the New York City private equity group.
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