Hilton's sale of properties boosts income
01 August 2005
Hilton Hotels operating income increased 31% in the second quarter to $246m (£139m), on turnover of $1.176b (£669m).
The company added 37 properties and 4,689 rooms to its portfolio in the quarter, making its development pipeline its largest ever.
Hilton sold 11 properties for a combined £237m (£419m) between May and July, which it made £191m ($337m) from.
It also announced plans to sell eight more properties this year.
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