Hilton Hotels to Buy Group
30th Dec 2005, 15:57 GMT
Hilton Hotels Corp. said Thursday it will buy the hotel assets of Britain's Hilton Group PLC for 3.3 billion pounds ($5.7 billion) cash, creating the world's biggest hotel company by revenue. The deal reunites two brands that split in the 1960s, allowing Hilton to instantly overtake rivals such as Starwood Hotels Resorts Worldwide Inc. and...
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