• Hilton Sydney sale

Hilton expects to raise at least AUD400m from the sale of the Sydney Hilton. Agents JLL has been appointed with the aim of completing a sale by mid 2015, reports Bloomberg.
The five star hotel has 579 rooms and Hilton aims to sign a management agreement with the new owner to continue branding the property. Hilton recently agreed the USD1.95bn sale of its Waldorf Astoria hotel in New York.
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