This groundbreaking luxury property in Indianapolis will feature 243 luxury guestrooms along with 16 high-end residences and upscale dining, sophisticated spa and fitness facilities and more than 10,000 sq. ft. of meeting space. The hotel, which will be located at 50 West Washington Street in Indianapolis, is scheduled to open to guests in March 2006.

"We are delighted to work with Kite Companies on such an outstanding hotel project," said Clem Barter, president of Conrad Hotels. "We believe this first truly luxury hotel in Indianapolis will be extremely successful, not only for its location but for its outstanding features. This new development also fits into our worldwide expansion plan and complements the Conrad hotels we provide in New York, Miami, and will soon offer in Las Vegas and other major gateway cities across North America and around the world."

"We are very excited to bring the internationally renowned Conrad Hotels brand to our great city," said Thomas McGowan, principal/executive vice president of Indianapolis based Kite Companies. "The five star luxury hotel and residences project which will be managed by Conrad will add a completely new dimension to our market."

Boasting exemplary design and architecture, the future Conrad Indianapolis will have six floors of residences, accessed by a private entrance. The residences will boast access to a variety of attractive facilities and amenities associated with a luxury property. Designed by Brennan Beer Gorman and Brennan Beer Gorman Monk for discerning business and leisure guests, the Conrad hotel will offer a fully staffed business centre and offices, nine meeting and boardroom facilities, a luxurious spa and fitness centre, and a heated swimming pool that measures 20 feet by 50 feet. Located just one block from Monument Circle, the hotel will be in the heart of downtown Indianapolis and will be connected by the skybridge system to both the Indiana convention center and the RCA Dome. The Indianapolis Airport is just 20 minutes away from the hotel.

Indianapolis, the capital of Indiana, is the 12th largest city in the United States. It is a focal point of commerce, transportation, and manufacturing for the region. Electronics, pharmaceuticals and food service are leading industries in the city.

With award-winning properties in the U.S., UK, Ireland, Belgium, Egypt, Turkey, Hong Kong, Singapore, Thailand, Australia and Uruguay, Conrad has 17 luxury hotels that welcome guests in exotic and cosmopolitan destinations. Conrad Hotels continues to explore opportunities to further enhance and expand the brand's presence in the luxury hotel segment in suitable locations around the world. Future Conrad Hotels under development include Conrad Phuket (2004), Conrad Tokyo (2005) and Conrad Las Vegas (2006).

Conrad Hotels is the luxury brand of the Hilton Family of Hotels. It is equally owned by U.S.-based Hilton Hotels Corporation and U.K.-based Hilton International Co. and headquartered in Brussels, Belgium.