• Hilton buying spree

Hilton is looking to buy four hotels including the Parc 55 Wyndham in San Francisco. The purchases will use funds from the sale of the Waldorf Astoria, reports Bloomberg.

Discussions with sellers Blackstone and Rockpoint group are ongoing. Hilton has 180 days to make the purchases, to defer a tax liability.
Read the full story here:
http://www.bloomberg.com/news/2014-12-10/hilton-said-in-talks-for-four-hotels-to-defer-waldorf-tax.html
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