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  Hotel Industry News

 Sunday September 7th, 2008 
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Hilton Announces Sale of 782-Room Hilton Portland & Executive Tower
Hilton Hilton Hotels Corporation (NYSE:HLT) announced that it has sold the 782-room Hilton Portland & Executive Tower in Oregon to CHIEF Portland Hotel LLC on behalf of an institutional investor for approximately $83.8 million.
Cornerstone Real Estate Advisers LLC advised the purchaser on this transaction. The hotel will continue to operate as a Hilton branded property and will be managed by Hilton Hotels Corporation under a long-term management agreement.
2005-12-16   Development

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Company Information
Hilton
Contact Information:
US Reservations1-800-774-1500
Click for Website
Hilton International, a subsidiary of Hilton Group plc, and Hilton Hotels Corporation have a worldwide alliance to market Hilton, the world's best-known hotel brand. Collectively offering over 2,400 hotels in 78 countries worldwide, both companies are recognized as leaders in the hospitality industry.
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