BOGOTA, COLOMBIA—Metro Hotels, headquartered here, and Hilton Worldwide on Tuesday said they'd signed an agreement for Metro to open eight new Hampton by Hilton properties that will introduce the brand to Chile and Peru, with four in each country. It represents the biggest development for the brand in the region in recent years and will triple Hilton's presence in the two countries.

“Peru and Chile have shown great potential in offering tourism and business opportunities,” says Ian Carter, president of global development, architecture and design, Hilton Worldwide. “This is a great time to expand Hilton Worldwide's presence in these markets.”

At Metro, development manager Felipe Galeano says his company intends “to continue our growth strategy in Latin American countries with stable and healthy economies, and position Hampton by Hilton as the most important brand for business travelers in the biggest and intermediate cities.” The two companies previously partnered on the 105-key Hampton by Hilton Cali, which opened recently in Colombia.

The first two hotels in the new agreement are expected to open in early 2018 in Lima and Santiago. Metro Hotels has three additional Hampton hotels in the pipeline throughout Colombia, with properties in Valledupar, Yopal and Bogota –Usaquen all slated to open in 2015. The company is actively working to add three more hotels to the pipeline in Bucaramanga, Medellin and another in Bogota. At present, Hilton has six hotels in Colombia, three in Peru and one in Chile.

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