Embassy Suites Hotels says aloha to Waikiki 
                                        Beach WalkT
                                      Memphis, 
                                        Tenn. (December 19, 2006) - Embassy 
                                        Suites Hotels® and Outrigger Enterprises 
                                        Group(r) today announced the opening of 
                                        the Embassy Suites -Waikiki Beach WalkT. 
                                        The hotel is a part of the Waikiki Beach 
                                        WalkT retail and entertainment complex, 
                                        located in the heart of Waikiki, on the 
                                        island of Oahu. 
                                        
                                        Embassy Suites -Waikiki Beach Walk is 
                                        owned by Outrigger Enterprises Group and 
                                        is Hawaii's only all-suite, upscale hotel. 
                                        The 22-story, two-tower hotel is connected 
                                        by a vast Grand Lanai with a true Hawaiian 
                                        'sense of place.' The hotel offers true 
                                        Hawaiian hospitality in a modern, upscale 
                                        setting. This new hotel caters to families 
                                        looking for Hawaiian adventure, couples 
                                        looking to share a romantic, Hawaiian 
                                        sunset and friends looking for delicious 
                                        meals, unique shopping and plenty of fun. 
                                        
                                        
                                        "The opening of this new hotel is 
                                        an exciting event for the Embassy Suites 
                                        Hotels brand," said Jim Holthouser, 
                                        senior vice president, Embassy Suites 
                                        brand management. "We're thrilled 
                                        to have a property in our cache that caters 
                                        toward the leisure traveler unlike any 
                                        other hotel in our brand, but can also 
                                        service the business traveler. This allows 
                                        us to be really creative in our offerings 
                                        and provide amenities, services and activities 
                                        that will make Embassy Suites one of the 
                                        best on the island!" 
                                        
                                        This extraordinary hotel experience will 
                                        begin at the porte-cochere with valet 
                                        parking services. Guests will walk through 
                                        a large, open, entrance-hall where they 
                                        will be welcomed with a complimentary, 
                                        Hawaiian beverage.* After taking in the 
                                        moment and feeling relaxation begin to 
                                        wash over them, guests will proceed to 
                                        a casual check-in pod where an Embassy 
                                        Suites representative will provide information 
                                        on the hotel and direct them to the activities 
                                        desk where the activities concierge can 
                                        discuss the activities and many options 
                                        available through the hotel. Luggage will 
                                        be whisked to one of the spacious one-bedroom 
                                        or two-bedroom suites with separate living 
                                        area, two flat screen televisions, deluxe 
                                        bedding, complimentary high-speed Internet 
                                        access and spectacular views. Once in 
                                        their suite, guests will receive a personal 
                                        welcome call from hotel management and 
                                        receive a complimentary CD compilation 
                                        of contemporary Hawaiian music. They will 
                                        also notice the Hawaiian story card placed 
                                        on the pillow - each day a different one 
                                        - to inform and educate guests about Hawaii's 
                                        unique heritage. 
                                        
                                        "We are excited for guests to experience 
                                        this wonderful, new, all-suite hotel," 
                                        said Bob Yeoman, the hotel's general manager. 
                                        ""We've put our heart and soul 
                                        into the details of the hotel and want 
                                        to make sure that each guest has the best 
                                        experience possible. We're looking forward 
                                        to welcoming each and every guest in the 
                                        New Year." 
                                        
                                        On the Grand Lanai, guests can take pleasure 
                                        in the large swimming pool - equipped 
                                        with a flowing waterfall -, which at night 
                                        changes colors on an hourly basis. Adjacent 
                                        to the swimming pool is a roomy sundeck 
                                        spotted with an abundance of comfortable 
                                        chaise lounges allowing guests to relax, 
                                        unwind and enjoy the warm, fresh Hawaiian 
                                        air. At night, the sundeck transforms 
                                        into a lively meeting place with a pool 
                                        bar and nightly entertainment. Each evening, 
                                        the hotel hosts a two-hour nightly Manager's 
                                        Reception* with complimentary beverages 
                                        and snacks for all guests. Steps away 
                                        from the hotel, guests can surf, swim 
                                        or simply enjoy the beautiful waters of 
                                        Waikiki Beach. 
                                        As with all Embassy Suites Hotels, guests 
                                        can enjoy a daily, complimentary cooked-to-order 
                                        breakfast. To honor a 'sense of place,' 
                                        Embassy Suites- Waikiki Beach Walk offers 
                                        local fruits and local island favorites 
                                        such as Portuguese sausage, ham and rice 
                                        along with the standard Embassy Suites 
                                        breakfast offerings. Guests can also have 
                                        a bite to eat at one of the wonderful 
                                        restaurants located on the brand new $535 
                                        million Waikiki Beach Walk surrounding 
                                        the hotel, including Roy's® Waikiki, 
                                        Yard House, Ruth's Chris® Steak House, 
                                        and Holokai Grill. 
                                        
                                        When they depart, guests are given a fitting 
                                        aloha during the daily departure ceremony 
                                        at checkout time on the Grand Lanai. The 
                                        hotel staff sings a farewell song, and 
                                        gives each guest shell lei to bid them 
                                        a warm good-bye before they leave for 
                                        the airport. 
                                        Additional amenities offered at Embassy 
                                        Suites- Waikiki Beach Walk include complimentary 
                                        local and domestic long distance phone 
                                        calls, 24-hour fitness center and 24-hour 
                                        business center. 
                                        
                                        Room rates for the Embassy Suites - Waikiki 
                                        Beach WalkT start at $399 for a one-bedroom 
                                        suite, and $549 for a two-bedroom suite. 
                                        A special introductory rate starting at 
                                        $249 for a one-bedroom suite and $399 
                                        for a two-bedroom suite is being offered 
                                        on a space available basis for a limited 
                                        time only. All children under the age 
                                        of 18 stay for free. Reservations are 
                                        now being accepted at www.embassysuites.com 
                                        or call 1-800-EMBASSY. 
                                        
                                        About Embassy Suites Hotels 
                                        Embassy Suites Hotels is a member of the 
                                        Hilton Family of Hotels and opened its 
                                        first hotel in 1984. It was the first 
                                        all-suite upscale hotel brand to enter 
                                        the industry and today has nearly 190 
                                        hotels. To make reservations or learn 
                                        the locations of Embassy Suites Hotels 
                                        in urban, suburban, airport and resort 
                                        areas, travelers can visit the Embassy 
                                        Suites Hotels Web site at www.embassysuites.com, 
                                        call 1-800-EMBASSY or contact their professional 
                                        travel agent. 
                                        
                                        Hilton Hotels Corporation (NYSE:HLT) is 
                                        the leading global hospitality company, 
                                        with nearly 2,800 hotels and 475,000 rooms 
                                        in more than 80 countries, including 150,000 
                                        team members worldwide. The company owns, 
                                        manages or franchises a hotel portfolio 
                                        of some of the best known and highly regarded 
                                        brands, including Hilton®, Conrad®, 
                                        Doubletree®, Embassy Suites Hotels®, 
                                        Hampton Inn®, Hampton Inn & Suites®, 
                                        Hilton Garden Inn®, Hilton Grand VacationsT, 
                                        Homewood Suites by Hilton®, Scandic 
                                        and The Waldorf=Astoria Collection. 
                                        
                                        About Waikiki Beach WalkT 
                                        Waikiki Beach WalkT is the largest development 
                                        project ever to be undertaken in Waikiki. 
                                        The eight-acre area, bordered by Kalakaua 
                                        Avenue, Lewers Street, Kalia Road, Beach 
                                        Walk and Saratoga Road, has been completely 
                                        rebuilt and has emerged as a vibrant showcase 
                                        and gathering place in the new Waikiki. 
                                        With a total cost of $460 million, it 
                                        features an outdoor entertainment plaza, 
                                        40 new retailers, six great restaurants, 
                                        and four hotels. Incorporating a design 
                                        theme that celebrates Hawaii's voyaging 
                                        and ocean heritage and takes advantage 
                                        of the island's cooling trade winds and 
                                        year-round excellent weather, Waikiki 
                                        Beach WalkT is the consummate expression 
                                        of Hawaii today -- a place where people 
                                        come to be enlivened with warm hospitality, 
                                        a rich confluence of cultures, and nature's 
                                        precious gifts from land and sea.
                                       
                                        For more information, visit www.waikikibeachwalk.com
                                        
                                        *Subject to state and local laws. Must 
                                        be of legal drinking age.