HONG KONG: Stephen F. Bollenbach, Co-Chairman & Chief Executive Officer, Hilton Hotels Corporation, will receive the prestigious Lifetime Achievement Award at the Hotel Investment Conference Asia Pacific (HICAP), to be held 10-12 October 2007, at the InterContinental Hong Kong.
Potential recipients are nominated and voted on each year by a special committee, with the Award presented to an hotel industry leader who has made a considerable difference in the hotel industry in the Asia Pacific region and in the world through positive actions and significant contributions.
Since joining Hilton, Bollenbach has overseen a complete transformation of the company including the acquisition of Bally Entertainment, which made Hilton the world’s largest gaming company, and the acquisition of some $1.5 billion of hotel real estate in markets with high barriers to entry. He also spun off Hilton’s gaming operations in a tax-free transaction to shareholders to form Park Place Entertainment (formerly Caesars Entertainment, Inc., now Harrah’s Entertainment, Inc.) and acquired Promus Hotel Corporation. The Promus acquisition added 1,400 hotels and several well-known hospitality brands including Doubletree, Embassy Suites Hotels, Hampton and Homewood Suites by Hilton to Hilton’s portfolio of outstanding properties. In 2006, the company acquired the lodging assets of Hilton Group, plc, re-uniting the Hilton brand for the first time in over 40 years and making Hilton Hotels Corporation the world’s largest hotel company. The Hilton Family of Hotels now includes 2,800 hotels with 485,000 rooms and 150,000 team members in 80 countries.
Hosted by Burba Hotel Network (BHN), Horwath HTL and Sonnenblick Goldman, HICAP is the preeminent hotel investment conference in the Asia Pacific region, which in October 2006 drew a record crowd of nearly 700 of Asia’s top hotel industry leaders. Additional HICAP information is available on the website at www.HICAPconference.com.