Hilton plans return to Iranian markets

Published May 20th, 2001 - 02:00 GMT

Following a current trend of many leading American international hotel chains, the Hilton Hotel company recently announced that it is conducting negotiations in order to return to the Iranian market, according to Al-Hayat newspaper.  


Hilton had previously operated in Iran. However, it was forced to leave the country in 1979 following the Islamic revolution. Vice president of Hilton, Paul Hertzug, said that it was time to return Hilton to Iran, which has become a global tourist destination.  


He added that Hilton is presently planning to build five hotels, three of which will be in Tehran, one in Isfahan, and one in Shiraz. The cost of the five hotels is estimated at $300 million. —(MENA Report)

© 2001 Mena Report (www.menareport.com)

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