Hilton Hotels Corp. has signed an agreement with Shanghai Li Xing Hotel Co. Ltd. to manage a new Conrad property scheduled to be completed in 2008. The new hotel, to be named the Conrad Shanghai, will have 362 rooms, an urban spa, meeting space and two stand alone annexes for food-and-beverage and recreational facilities. The hotel is being built in the Xintiandi district, which is part of a mixed-use urban revitalization project. The property will join the Conrad Hong Kong and the Conrad Beijing, scheduled to open in 2008. The announcement comes on the heels of word of the Conrad Macau.