Hilton Signs Management Agreement to Open Hotel in Bangladesh
Thursday October 4th, 2012 - 9:59AM
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DHAKA, BANGLADESH & MCLEAN, VA—Hilton Worldwide has signed a management agreement with Premier Hotels & Resorts to manage Hilton Dhaka, Bangladesh in central Dhaka, the capital city of Bangladesh. The agreement will see the first Hilton Hotels & Resorts property in Bangladesh and mark Hilton Worldwide's entry into the country.
Scheduled to open in 2015, the 250-room Hilton Dhaka, Bangladesh is located in Gulshan Avenue, the central business district and commercial zone of Dhaka city and home to majority of the city's embassies, high commissions and key multi-national companies.
"We have been expanding aggressively across Asia-Pacific with a wide range of award-winning brands, and this is a significant milestone for us as it marks both Hilton Worldwide's and the Hilton brand's entry into Dhaka, a key financial hub and one of the fastest growing cities in the world. With a strong partner like Premier Hotels & Resorts, we are confident that Hilton Dhaka, Bangladesh will compete well with the existing international and local hotel supply," Andrew Clough, SVP, development, Middle East & Asia Pacific, Hilton Worldwide, said in a statement.
The hotel will offer one all-day dining restaurant, two specialty restaurants, a deli and lobby lounge as well as a bar. It will also have a full-service spa and fitness center, a rooftop pool, a ballroom, lifestyle meeting floor and car park facilities.
Tags: Hospitality Ownership Management Companies
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.