BEVERLY HILLS, Calif. & LONDON | Hilton Hotels Corporation (NYSE:HLT) has today completed the sale of eight hotels in Europe to a fund managed by Morgan Stanley Real Estate.

Completion of the sale of two further hotels (Hilton Brussels and Hilton Zurich) to the same purchaser is expected by the end of the third quarter 2007.

The gross proceeds from the sale of all 10 properties are expected to be approximately €566 million.

The eight European properties are -

  • Hilton Dresden, Hilton,
  • Dusseldorf,
  • Hilton Weimar,
  • Hilton Charles de Gaulle,
  • Hilton Strasbourg,
  • Hilton Luxembourg,
  • Hilton Barcelona and Los Zocos
  • Club Resort in the Canary Islands.

An agreement to sell the ten hotels was previously announced on April 26th.

About Hilton Hotels Corporation

Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with more than 2,800 hotels and 480,000 rooms in 76 countries and territories, including 100,000 team members worldwide.

The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton®, Conrad® Hotels & Resorts, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations™, Homewood Suites by Hilton® and The Waldorf=Astoria Collection®.

Atish Shah
310-205-8664
Hilton