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June 29, 2005 | From Dow Jones/Associated Press
Stanford Hotels Corp. bought Hilton Hotels Corp.'s Charlotte Hilton Center City hotel for $56 million, a Stanford executive said. It is the 10th property divestiture since late May for the Beverly Hills-based hospitality company, which has announced sales worth a combined $373.1 million. Stanford Hotels, which owns and manages 17 full-service hotels in the United States, will keep the Hilton brand and could spend as much as $10 million over the next 30 months renovating the North Carolina hotel.
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BUSINESS
June 29, 2005 | From Dow Jones/Associated Press
Stanford Hotels Corp. bought Hilton Hotels Corp.'s Charlotte Hilton Center City hotel for $56 million, a Stanford executive said. It is the 10th property divestiture since late May for the Beverly Hills-based hospitality company, which has announced sales worth a combined $373.1 million. Stanford Hotels, which owns and manages 17 full-service hotels in the United States, will keep the Hilton brand and could spend as much as $10 million over the next 30 months renovating the North Carolina hotel.
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