Asset sale.Hilton Hotels
This time the Beverly Hills-based hotel chain off-loaded two major hotels in the UK. The 1,054-room Hilton London Metropole Met´ro`pole n. 1. A metropolis. and the 794-room Hilton Birmingham Metropole were sold to Tonstate Group Ltd. for about $780 million. Hilston has sold several European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. hotels, as well as its stand:-alone fitness company, earning the company more than $2 billion since early 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hilton Chief Financial Officer Robert LaForgia. "The hotel transaction market continues to be vibrant," said LaForgia. "We intend to place further hotels on the market." The company recently listed 11 properties across Europe from its Scandic scan·di·um n. Symbol Sc A silvery-white metallic element found in various rare minerals and separated as a byproduct in the processing of certain uranium ores. line of 130 hotels and 23,000 rooms on the market. The company is "evaluating alternatives" for the other properties. Hilton will maintain long-term management contracts with the two well-known hotels. |
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