Hilton Adds Expansion Partners

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Hilton Hotels Corp. has signed deals with three real-estate groups to develop more than 55 properties in Russia, Britain and parts of Central America, the Wall Street Journal reported on Sunday.


The report said the partners were to cover the full construction costs, estimated at $1.7 billion, as part of Beverly Hills-based Hilton’s plan to accelerate franchising new hotels and expanding its brands outside the United States.


The move follows partnerships Hilton announced last year that saw construction of as many as 100 new hotels throughout India and China.


Hilton shares were down 12 cents to $36.33 in midday trading on the New York Stock Exchange.

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