Hilton has announced that 18 UK and Ireland hotels are to be offered for sale, including the Hilton London Gatwick and Hilton London Olympia.
In February, 2005, Hilton Group announced it was examining the possibility of further asset disposals totalling £300 - £400 million and it was the Group's intention to return a substantial part of these proceeds to shareholders.
Since then, Hilton has exchanged contracts for the sale of 11 hotels for £111 million, seven of which have now completed.
Hilton has announced that 18 UK and Ireland hotels are to be offered for sale, including the Hilton London Gatwick and Hilton London Olympia.
The number of hotels being sold is greater than initially expected reflecting strong indications of interest from potential buyers. The preference is to sell the hotels with a long-term management contract, although offers for vacant possession will also be considered.
The hotels involved are:
• Hilton Aberdeen Treetops
• Hilton Basingstoke
• Hilton Belfast
• Hilton Bristol
• Hilton Bromsgrove
• Hilton Coventry
• Hilton Dartford Bridge
• Hilton Dunkeld House
• Hilton Edinburgh Airport
• Hilton London Gatwick
• Hilton London Olympia
• Hilton Newbury Centre
• Hilton Newbury North
• Hilton Newport
• Hilton Southampton
• Hilton Strathclyde
• Hilton Swindon
• Hilton Templepatrick
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