Conrad and Holiday Inn Newest Additions to Sands Cotai Central in Macao S.A.R.

Fri Aug 5, 2011 12:01am EDT

* Reuters is not responsible for the content in this press release.

  MACAO, CHINA, Aug 05 (MARKET WIRE) -- 
Sands China Ltd., a majority-held subsidiary of global resort developer
Las Vegas Sands Corp. (NYSE: LVS), today announced that franchise
agreements with Hilton Worldwide and IHG (InterContinental Hotels Group)
will see the two leading companies launch their respective Conrad and
Holiday Inn brands at Sands' newest Cotai Strip(R) development in Macao
starting early next year.

    Sands China also announced today that the property long-referred to as
parcels five and six has now officially been named Sands Cotai Central.
Arguably the largest and most ambitious development in the history of the
hospitality and gaming industry, Cotai Central will feature a combination
of 6,000 rooms and suites from the Conrad, Sheraton, Sheraton Towers and
Holiday Inn brands. It will also have expansive meeting and convention
space, two casinos, and a wide and diverse offering of luxury retail
outlets, entertainment and dining options.

    "When the doors to the rooms and suites at Cotai Central start swinging
open early next spring, Macao's metamorphosis from a gaming-centric
regional location into an international leisure and business destination
will be one step closer to completion," said Mr. Sheldon G. Adelson, who
serves as chairman of both Sands China Ltd. and Las Vegas Sands Corp.
"With internationally-renowned hotel brands, countless non-gaming
attractions, and casino facilities which represent less than two percent
of the property's total space, we would be proud to have Cotai Central
become the government's model for future development in Macao."

    Mr. Adelson added that the openings at Cotai Central will provide
thousands of new non-gaming jobs, grow non-gaming revenues, and expand a
variety of non-gaming business segments in Macao, specifically the
Meetings, Incentive, Convention and Exhibition trade. "When combined with
our existing properties, Cotai Central will provide the critical mass
I've always said is necessary to persuade a larger and broader set of
meeting and convention organizers into holding their events in Macao,"
said Mr. Adelson.

    Hilton Worldwide's five-star Conrad Macao, Cotai Strip is expected to
open at Cotai Central in the first quarter of 2012 and will feature more
than 600 rooms and suites. Conrad Macao, Cotai Strip joins open Conrad
Hotels in Hong Kong and Sanya Haitang Bay, and a pipeline of 18 Conrad
Hotels and Resorts scheduled to open within the next four years,
including seven hotels under construction in Dalian, Beijing, Suzhou,
Guangzhou, Tianjin, Qingdao and Xiamen in China and other global
destinations such as Koh Samui (Thailand), New York, Seoul (Korea) and
Dubai. Specializing in luxury and sophisticated hotels and resorts,
Hilton Worldwide currently operates 3,750 hotels in 84 countries.

    The four-star Holiday Inn Macao, Cotai Strip by IHG is also scheduled to
open late first quarter 2012. It will feature more than 1,200 rooms and
suites. IHG is the world's largest hotel company by number of rooms.
Present in over 50 Chinese cities, IHG is currently the largest
international hotel company in Greater China with more than 150 hotels
open under five brands and nearly another 150 hotels in the development
pipeline. As part of its rapid expansion, one in four of the hotel rooms
that IHG opens over the next five years will be in China. 

    "The Cotai Strip combination of The Venetian Macao, Four Seasons at The
Plaza Macao, Conrad, Sheraton, Sheraton Towers and Holiday Inn will
provide the broadest and best selection of hospitality products suitable
for families, business travelers and independent travelers at multiple
price points," said Mr. Edward Tracy, president and chief executive
officer of Sands China Ltd. "Cotai Central will specifically provide
high-end branded products for premium guests seeking a luxury lifestyle,
with a diverse range of entertainment, retail, dining and accommodation
for affordable luxury on the Cotai Strip."

    Mr. Tracy said that Hilton and IHG will bring their own competitive
advantages, sales infrastructure and brand values to Cotai Central, which
will complement existing anchor Sands China properties and further
increase and enhance Macao's reputation as the premier and most
diversified tourism destination in the region.

    About Sands China Ltd.
 Sands China Ltd. (HKSE: 1928) (Sands China or
Company) is a subsidiary of global resort developer Las Vegas Sands Corp.
(NYSE: LVS), and a listed company on the Hong Kong Stock Exchange. Sands
China is the largest operator of integrated resorts in Macao. The Company
owns and operates THE VENETIAN(R) Macao-Resort-Hotel and THE PLAZA(TM)
Macao at COTAI STRIP(R) development and the SANDS(R) Macao Hotel on the
Macao peninsula. The Company's integrated resorts contain a diversified
mix of leisure and business attractions and transportation operations,
including large meeting and convention facilities, a wide range of
restaurants, shopping malls, world-class entertainment at CotaiArena(TM)
and high-speed CotaiJet(TM) ferry service between Hong Kong and Macao.
The Company is also developing new properties on Cotai, with its goal of
transforming Cotai into Asia's premier entertainment and business
destination. For more information, please visit www.sandschinaltd.com.

    About Hilton Worldwide
 Hilton Worldwide is the leading global
hospitality company, spanning the lodging sector from luxurious
full-service hotels and resorts to extended-stay suites and mid-priced
hotels. For 92 years, Hilton Worldwide has been offering business and
leisure travellers the finest in accommodations, service, amenities and
value. The company is dedicated to continuing its tradition of providing
exceptional guest experiences across its global brands. Its brands are
comprised of more than 3,750 hotels and 615,000 rooms in 84 countries and
include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton
Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hilton Garden Inn,
Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and
Hilton Grand Vacations. The company also manages the world-class guest
reward program Hilton HHonors(R). For more information about the company,
visit www.hiltonworldwide.com.

    About IHG
 InterContinental Hotels Group (IHG) (LSE: IHG) (NYSE: IHG)
(ADRs) is a global company operating seven well-known hotel brands
including InterContinental(R) Hotels & Resorts, Hotel Indigo(R), Crowne
Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn
Express(R), Staybridge Suites(R) and Candlewood Suites(R). IHG also
manages Priority Club(R) Rewards, the world's first and largest hotel
loyalty programme with 58 million members worldwide.

    IHG is the world's largest hotel group by number of rooms and IHG
franchises, leases, manages or owns, through various subsidiaries, a
portfolio of over 4,400 hotels and more than 652,000 guest rooms in 100
countries and territories around the world.

    IHG has more than 1,200 hotels in its development pipeline and expects to
recruit around 160,000 people worldwide over the next few years.

    InterContinental Hotels Group PLC is the Group's holding company and is
incorporated in Great Britain and registered in England and Wales.

    IHG offers information and online reservations for all its hotel brands
at http://www.ihg.com and information for the Priority Club Rewards
programme at www.priorityclub.com. For our latest news visit
www.ihg.com/media, Twitter www.twitter.com/ihgplc or YouTube
http://www.youtube.com/ihgplc.

    

Media Contacts:

Sands China Ltd.
Jacqueline Wu
Tel: +853 8118 2299
jacqueline.wu@venetian.com.mo

Las Vegas Sands Corp.
Ron Reese
Tel: +1 702 414 3607
ron.reese@lasvegassands.com

Hilton Worldwide, Asia Pacific
Anne Marie Chua
Tel: +65 9726 5862
annemarie.chua@hilton.com

IHG
Sharona Tao
Tel: +86 21 2893 3309
sharona.tao@ihg.com 

Copyright 2011, Market Wire, All rights reserved.

-0-