HILTON EXECUTIVES EXPRESS CONFIDENCE IN CONRAD INTERNATIONAL BANGKOK'S SUCCESS

Bangkok--Oct 7--All Seasons Property Mr.Dieter H. Huckestein, President of Hotel-Operations of Hilton Hotels Corporation, and Mr.Dario Regazzoni, Senior Vice President, Asia, for Conrad International Hotels, operator of luxury hotels, resorts and casinos around the world and a subsidiary of Hilton Hotels, visited Bangkok during October 6 to 7 to check on progress of the Conrad International Bangkok, now under construction at All Season Place, Bangkok's premier central business district development. The executives also took the opportunity to meet with executives of All Seasons Properties, the project's developer. Mr.Huckestein, who during his long career with Hilton Hotels Corporation spearheaded the hotel's expansion internationally, said that the Conrad International Bangkok, located at All Seasons Place, is expected to be completed in 1999. He added that the hotel will be an impressive luxury five-star hotel, providing superb, deluxe accommodation, services and facilities and entertainment for the international business and leisure travelers. "With years of international operations experience of Hilton Hotels Corporation behind it, the Conrad International Bangkok in Thailand will be a landmark addition to the Asia-Pacific regional hotel scene. With an unbeatable location at Bangkok's most prestigious development in the heart of the city's business, commercial and embassy district, we are confident that the Conrad International Bangkok will rapidly establish itself among the top ranks of Bangkok and Asian hotels and appeal to both international travelers and local residents." "We are delighted to have a hotel of the stature of Conrad International at All Seasons Place," said Mr. Song Hai, Managing Director of All Seasons Property. "All Seasons Place has already established itself as Bangkok's premier business address. Soon it will also be home to what is certain to be one of Bangkok's premier hotels." The Conrad International Bangkok will contain 400 deluxe guestrooms and suites and 200 serviced apartment. World-renowned Barry Design Associates of California is serving as design consultant to the project. "The Conrad International Bangkok's location at All Seasons Place will be a major benefit for the development's office tenants and condominium residents," points out Mr.Song. "Business visitors will be able to stay within walking distance of the office premises while condominium residents will be able to enjoy all of the hotel's facilities, including restaurants and the health club". Founded in 1982 as part of the international expansion of Hilton Hotels Corporation, Conrad International operates a network of luxury hotels, resorts and casinos in the world's major business and tourism capitals and top resort destinations. All Seasons Place is a phased, fully-integrated, multi-use development combining two 28-storey office towers with 30,000 square meters of lettable space each; one 53-storey office tower with 66,000 square metres of lettable space; a free hold strata-title 185-unit residential condominium, a 33-storey five-star hotel with 400 rooms and 200 serviced apartments to be operated by the Conrad International Bangkok and an interconnected retail plaza. All Seasons Place is developed by All Seasons Property, a joint venture between the local M.Thai Group Limited and the Hong Kong-based China Resources (Holdings) Company Limited. End.

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