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Source: Hilton Hotels Corp.

Hilton Hotels Corporation, G&D Developers and Grupo Farallón today announced the signing of the Conrad Buenos Aires, the luxury brand's first management agreement in South America.

Located in Puerto Madero, this will be the Hilton Family's second property in the expanding district and its fourth development in Argentina, and will include both a hotel and residences. Construction is planned to begin at the end of 2008 and completion is scheduled for late 2010.