Hilton Hotels signs hotel management agreements in Costa Rica
Hilton Hotels signs hotel management agreements in Costa Rica
NEW YORK (AFX) -
Hilton Hotels Corp. has signed multi-year management agreements with the Caribbean Real Estate Opportunity Fund 2005 for two resorts in Costa Rica.
Financial details were not given.
Beginning in Dec. 2007, the company will manage a 202-room property in Guanacaste and a 410-room property Puntarenas as the first Hilton and Doubletree branded resorts in the country.
In an effort to implement all brand standards, both resorts will undergo extensive renovations to all areas including guestrooms, leisure facilities, lobby, meeting rooms, and restaurants.
The Premier Fiesta Resort and Spa in Papagayo will be renamed Hilton Papagayo Resort and the Fiesta Resort in Puntarenas will be renamed the Doubletree by Hilton Puntarenas Resort.
newsdesk@afxnews.com
http://www.forbes.com/business/feeds/afx/2007/01/10/afx3317814.html
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