Hilton Hotels Corporation (NYSE:HLT) today completed the sale of the 132 hotel Scandic chain to EQT for EUR 833 million or approximately US$1.1 billion. Net proceeds after transaction costs and taxes are expected to be approximately $1.04 billion and will be used to pay down debt.
As announced on March 2, 2007, this transaction is expected [...]
1 billion dollars to Scandinavian investment firm EQT, according to news reports Saturday. Scandic is the largest chain in the Scandinavian region with 132 hotels. After the deal, Hilton will remain in the region with six Hilton-branded hotels.
Hilton plans to put the revenue from the sale toward reducing its debt.
The sale is to be completed [...]
A hotel owned by the Hilton Hotel Corp. faced an uproar Friday for refusing to book rooms for a Cuban delegation because of the U.S. trade embargo on the communist-run island.
The Cuban delegation, set to attend a travel fair in Oslo this month, planned to stay at the Scandic Edderkoppen Hotel in the city center, [...]
An Oslo hotel owned by the U.S. Hilton Hotel Corp. faced protests, a boycott and a police complaint in Norway this week after refusing to book rooms for a Cuban delegation because the United States boycotts their homeland.
The Cuban delegation, set to attend a travel fair in Oslo this month, planned to stay at the [...]
BEVERLY HILLS - In anticipation of daylight-saving time ending, Hilton Garden Inn(R) (NYSE:HLT) announced its annual “Take Back the Hour” promotion, extending check-out time by two hours(a). On Sunday, Oct. 29 guests staying at participating Hilton Garden Inn hotels will be treated to a late (or extended) check-out time of 2:00 p.m. without penalty. Hilton [...]
Hilton Garden Inn(R) (NYSE:HLT), the fastest growing brand that is part of the Hilton Family of Hotels, announced three international franchised hotel openings in Western Europe — making the European hotels the first Hilton Garden Inn locations to open outside the United States, Canada and Mexico. The award-winning mid-priced brand will debut and open one [...]
