Hilton Announces Sale Of 713-room Hilton Pittsburgh
PITTSBURGH (Friday, May 19, 2006) -
Hilton Hotels Corporation (NYSE:HLT) and Hertz Gateway Center, LP, announced today the sale of the 713-room Hilton Pittsburgh to Shubh Hotels Pittsburgh, LLC, for approximately $28 million. The hotel will continue to operate as a Hilton-branded property under the terms of a 20-year franchise agreement.
About Hilton Hotels Corporation
Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with nearly 2,800 hotels and 485,000 rooms in more than 80 countries, including 150,000 team members worldwide. The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton(R), Conrad(R), Coral by Hilton(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations(TM), Homewood Suites by Hilton(R), Scandic and The Waldorf=Astoria Collection(TM). For more information, please visit http://www.hiltonworldwide.com.
CONTACT: Hilton Hotels Corporation Kathy Shepard 310-205-7676
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COMPANY INFORMATION
Hilton Hotels & Resorts
9336 Civic Center Dr.
Beverly Hills,
CA
Phone: (310)278-4321
Toll Free: (800)286-0645
Fax: (310)205-7655
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