Hilton Heading Higher
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The company reports improving fundamentals and posts a 79% increase in Q3 earnings.
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U.S. private equity firm Blackstone  Group  said on Tuesday it would buy Hilton Hotels Corp.   for about $26 billion cash, the richest in a series of  recent private equity offers for hotel companies.
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Hotel buyouts are proving a bonanza for mutual funds which snapped up Hilton, Marriott and other hotel stocks after the September 11, 2001, attacks.
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Blackstone Group&#39;s  agreed deal  to buy Hilton Hotels Corp.  this week showed that buyout  firms will happily layer big premiums on the right target and  can still feel confident about debt financing.
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In the midst of New Yorkâs hot hotel market, developers are betting that Chelsea is ready to become a lodging destination.
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U.S. private equity firm Blackstone  Group  said on Tuesday it would buy Hilton Hotels Corp.   for about $26 billion cash.
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Paris Hilton is moving closer to her apparent goal of world   domination.
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The luxury hotel manager doubles earnings for the second straight quarter.
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This modern furniture retailer has been on the rise. It's worth a look.
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The expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.
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No .1 hotel operator earns 55 cents a share, in line with estimates, as room rates rise 4%. NEW YORK  - Marriott International Inc.
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Hilton Hotels Corp. said yesterday it had agreed to be acquired by Blackstone Group LP in a transaction valued at $26 billion.
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Three years ago, as Paris Hilton was about to turn 24, the celebutante got a sense of her worth to the nightclub industry in Las Vegas. She had celebrated her previous three birthdays at Light, the Bellagio hotel-casino nightclub run by the Light Group. But for her 24th, another company swooped in with an offer that trumped the standard private jet to and from L.A., a free stay at a luxury suite, a sumptuous dinner and, of course, free booze.
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U.S. private equity firm Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion cash, the richest deal in a series of recent private equity offers for hotel companies.
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Three years ago, as Paris Hilton was about to turn 24, the celebutante got a sense of her worth to the nightclub industry in Las Vegas.
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Hilton Hotels Corp. on Monday posted a 79 per cent jump in third-quarter profit, as strong summer travel demand and higher room rates helped the company&#39;s bottom line.
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The expansion plan, which would more than double the size of the hotel and casino, comes amid a continuing surge of development in Las Vegas.