Hilton Worldwide Continues to Operate Three Iconic Waldorf Astoria Resorts After Acquisition by GIC Real Estate

Arizona Biltmore, Grand Wailea Resort and La Quinta Resort & Club Remain under the Management of Hilton Worldwide’s Waldorf Astoria Luxury Brand

(McLean/Virginia, USA – 13 March 2013) GIC Real Estate, the real estate arm of the Government of Singapore Investment Corporation (GIC), has completed its purchase of three landmark resorts managed by the Waldorf Astoria Hotels & Resorts brand of Hilton Worldwide. They are: the 740-room Arizona Biltmore Resort and Spa, Phoenix, Ariz.; the 780-room Grand Wailea Resort, Maui, Hawaii; and the 796-room La Quinta Resort & Club, La Quinta, Calif.

The transition of ownership will have no impact on the day to day operations of the properties as GIC has assumed the existing management agreements for all three Waldorf Astoria properties. California-based, KSL Group will act as asset manager for the three resorts and will work closely with GIC and Hilton Worldwide to ensure that the luxury properties continue their legacy of offering guests True Waldorf Service and authentic moments set amidst the inspirational environments for which the Waldorf Astoria Hotels & Resorts brand is legendary.

The Arizona Biltmore, a Waldorf Astoria Resort

The Arizona Biltmore, a Waldorf Astoria Resort

The Arizona Biltmore, a Waldorf Astoria Resort has been an Arizona landmark since opening in 1929, when it was crowned the “Jewel of the Desert.” The Grand Dame remains one of the most recognized resorts in the world for its distinctive Frank Lloyd Wright architectural style, luxurious facilities and storied history as a playground of the rich and famous. Nestled on 39 acres at the foot of the Phoenix Mountain Preserve, the legendary resort offers: 740 guest accommodations; full-service spa, salon and fitness center; two 18-hole golf courses; six restaurants and lounges including Frank & Albert’s serving Arizona comfort food; and eight swimming pools including the Paradise Pool for the ultimate in poolside fun.

Grand Wailea, a Waldorf Astoria Resort

Grand Wailea, a Waldorf Astoria Resort

Grand Wailea, a Waldorf Astoria Resort is the only Waldorf Astoria Resort in the Hawaiian Islands. Nestled on 40 acres of lush, tropical gardens fronting Wailea Beach, Grand Wailea offers open spaces for the active vacationer, beauty for romantic getaways and fun for the whole family. Built to portray the richness of Hawaii’s culture, people and nature, Grand Wailea is the ultimate Hawaiian resort providing an extensive selection of amenities and activities. Since opening in 1991, Grand Wailea consistently ranks among the world’s best resorts by leading travel consumer reports and industry peers.

La Quinta Resort & Club, a Waldorf Astoria Resort

La Quinta Resort & Club, a Waldorf Astoria Resort

La Quinta Resort & Club, a Waldorf Astoria Resort and PGA WEST is a renowned desert destination in the greater Palm Springs area featuring 796 elegantly-appointed casitas, suite and villas; the 23,000-square-foot Spa La Quinta®; 41 swimming pools and 53 hot spas; 23 tennis courts and exceptional cuisine at Morgan’s in the desert; TWENTY6; Adobe Grill; Ernie’s at PGA WEST. Known as The Western Home of Golf in America® and named “North America’s Golf Resort of the Year,” it is home to five award-winning public golf courses and four private courses, designed by legends Arnold Palmer, Jack Nicklaus, Pete Dye, Greg Norman and Tom Weiskopf.

In addition to the three Waldorf Astoria resorts, GIC has a global portfolio of hotel properties in the U.S., France, the UK, Australia, China and India. Included in these holdings is the 1053-room Hilton Fukuoka Sea Hawk hotel in Fukuoka, Japan.

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