Conrad Hotels & Resorts, Hilton Worldwide’s announced the signing of a management agreement with Horoy Real Estate for the 300-room Conrad Shenzhen, scheduled to open in December 2019.

Often referred to as China’s Silicon Valley, Shenzhen is a global epicenter for high-tech design and production, as well as the world’s largest manufacturer of electronics. The city is also one of the key financial centers in China.

The signing marks the entry of the Conrad Hotels & Resorts brand in Shenzhen, where Hilton Worldwide presently operates two hotels under its flagship Hilton brand, as well as the Hilton Garden Inn brand. Across the Greater China and Mongolia region, Hilton Worldwide presently operates 54 hotels under the Waldorf Astoria, Conrad Hotels & Resorts, Hilton, DoubleTree by Hilton and Hilton Garden Inn brands and has recently added the first Embassy by Hilton hotel in China to its pipeline. The company also introduced the Hampton by Hilton brand into China last October, with plans to open the first by the end of 2015.