Hilton and Parque Arauco have signed a management agreement to operate a new-build 401-room Hilton hotel in Santiago, Chile—the debut of the company's flagship brand in the country. The Hilton Santiago Las Condes will form part of the Parque Arauco Kennedy Shopping Mall complex expansion project, and is scheduled to begin construction next year and open in 2021.
The project, owned and developed by Parque Arauco S.A., will include a Convention Center, new retail outlets, 700 parking spaces and the Hilton-managed hotel.
The new hotel was designed by Gensler Architecture, Benkel Larraín Architects, and Enrique Concha & Co. interior design.
"Our more-than-$200-million investment in this development consolidates mixed-use as a business focus of the company, not only including commercial space, but further enhancing hotel supply with a new and complete offering" said Andrés Torrealba, general manager, Chile division, for Parque Arauco. "We are pleased with this project's progress as it strengthens our position in an industry where we have been pioneers and innovators. The location of our shopping center, along with the addition of a full-service Hilton hotel managed by a leading global hospitality company will allow us to successfully meet a growing demand for this type of space in the city."
Hilton currently has a portfolio of more than 90 hotels and resorts open and welcoming travelers in Latin America. The company is actively pursuing additional Latin American growth opportunities and currently has a robust pipeline of more than 50 hotels throughout the region.