Hilton Is Reunited with Us Arm for Pounds 3.7bn ; City Focus
Daily Mail › December 30, 2005
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Summary
WHILE Hilton Hotel guests have been guzzling turkey and downing mulled wine over the festive period the group's bosses have been tucked away with its posse of advisers wrapping up the industry deal of 2005.
Their efforts paid off last night as the British chain unveiled the Pounds 3.7bn sale of its 416-strong hotels and health clubs business to its US counterpart, Hilton Hotels Corporation.See the full content of this document
Extract
Hilton Is Reunited with Us Arm for Pounds 3.7bn ; City Focus
The British group will enter 2006 as a pared-down business, consisting solely of bookies Ladbrokes, ending 18 years of cosy cohabitation with the hotels side.
The listed entity, expected to be valued 'north of Pounds 4bn', will exchange the Hilton name for Ladbrokes and remai...See the full content of this document
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