Hilton Completes Metropole Hotel Sales
BEVERLY HILLS, CA, November 30,2006. Hilton Hotels Corporation (NYSE:HLT) said yesterday that it has completed the sales of two major UK hotels - the 1,054-room Hilton London Metropole and the 794-room Hilton Birmingham Metropole - to Arthur Matyas' and Dr Edward Wojakovski's Tonstate, for lb417 million. Hilton will retain 30-year management contracts on both hotels. An exchange of contracts on the two hotels had previously been announced in October.
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