Hilton Hotels Corp. has agreed to sell as many as 10 hotels to Morgan Stanley for $770 million, the Beverly Hills-based hotel owner and operator said Thursday.

The investment bank’s Morgan Stanley Real Estate unit will invest about $24 million in five of the hotels, including the famed Paris Charles de Gaulle Hotel, Hilton said in a statement.

Hilton said it expects to make about $612 million from the sales. Hilton has sold more than $4 billion in assets over the last two years mostly involving European properties or brands.

Shares in Hilton were down 10 cents to $35.16 in afternoon trading Thursday on the New York Stock Exchange.