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HILTON'S CONRAD HOTELS IN AGREEMENT WITH NATIONAL BANK OF GREECE TO OPERATE RESORT NEAR ATHENS

 BEVERLY HILLS, Calif., Aug. 21 /PRNewswire/ -- Hilton Hotels Corp., through its Conrad Hotels subsidiary, announced today it has entered into an agreement with Astir Hotel Co., a wholly owned subsidiary of the National Bank of Greece (NBG), to operate the Vouliagmeni Complex near Athens, Greece.
 Conrad, with its partner, the Alex G. Spanos family, has also agreed with the NBG to pursue a possible casino for the site. The Greek government is expected to allocate gaming licenses throughout Greece by January 1994.
 The Vouliagmeni Complex is considered to be the premier resort and conference center in Greece and one of the finest in the Mediterranean. The complex -- in which Conrad plans a significant expenditure to bring the facility to Conrad's five-star standards -- comprises 491 guest rooms in three luxury hotels, 73 bungalows, numerous restaurants and extensive amenities, located on an exclusive 92-acre site. The facility is some 15 miles from downtown Athens.
 "Of all the outlying sites designated for gaming activity, we consider Astir to be the single most spectacular and promising location in the greater Athens area," said Barron Hilton, chairman and chief executive officer of Hilton Hotels Corp. "We are delighted to have been selected as the manager of this tremendous resort property, and hope to be designated as the casino operator in the very near future."
 Conrad's partner in this successful proposal, the Alex G. Spanos family, is one of the largest apartment builders and land developers in the United States, and owners of the San Diego Chargers NFL football team. "I am extremely pleased with the decision of the NBG. The joint expertise of the Hilton and Spanos organizations will create one of the finest resorts in all of Europe," Spanos said.
 Conrad operates hotels in London; Dublin, Ireland; Brussels, Belgium; Istanbul, Turkey; Hong Kong; the Gold Coast in Queensland, Australia; and St. Martin in the Caribbean (La Belle Creole). The Gold Coast and Istanbul properties are hotel-casinos. Conrad hotel-casino properties are also in development in Brisbane, Australia, and Punta del Este, Uruguay. New luxury hotels are under development in Jakarta and Surabaya, Indonesia, and Kuala Lumpur.
 Hilton Hotels Corp. is internationally recognized as the preeminent hospitality, gaming and lodging company. With its Hilton and Conrad brands, the company develops, owns, manages and franchises hotel- casinos, resorts, vacation ownership and hotel properties throughout the United States and the world. Currently, some 94,000 hotel rooms carry the Hilton name, along with five hotel-casinos in Nevada and two riverboat casinos now in development in New Orleans and Kansas City, Mo.
 -0- 8/21/93
 /CONTACT: Marc A. Grossman, VP-corporate communications of Hilton Hotels, 310-205-4545/


CO: Hilton Hotels Corp.; National Bank of Greece; Conrad Hotels;
 Astir Hotel Co. ST: California IN: LEI CNO SU:


MF-JL -- LA001 -- 4830 08/21/93 13:19 EDT
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Publication:PR Newswire
Date:Aug 21, 1993
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