Benzinga | Jul 16, 2021 10:10AM EDT

Hilton Hotels Expands In Mexico By Adding Three Resorts

* Hilton Hotels Corporation (NYSE:HLT) has expanded its presence in Mexico by signing three managed resorts, Hilton Vallarta Riviera All-Inclusive Resort, Hilton Tulum All-Inclusive Resort, and the luxurious Conrad Tulum.

* Hilton has more than 70 hotels open and more than 30 in the development pipeline in Mexico.

* Hilton Vallarta Riviera All-Inclusive Resort, developed by Parks Hospitality and owned by Fibra UNO, will convert in Q4 FY21.

* Conrad Tulum will join the Hilton portfolio in Q4 FY21 and Hilton Tulum All-Inclusive Resort will join in Q1 FY22. Both are owned and developed by Parks Hospitality.

* Price action: HLT shares are trading higher by 1.33% at $124.32 on the last check Friday.