Hilton&#39;s real estate secures rich deal price
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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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Among the real estate selling points of Britney Spears&#39; and Kevin Federline&#39;s newly purchased love-nest, is that it is well suited to large family weddings.
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Two years ago, at the height of the housing boom, developers realized that hotel property had fallen out of favor. Residential property was worth more, and travelers weren't willing to pay top dollar to stay in fancy hotels.
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U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies.
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Rupert Murdoch, the billionaire CEO of News Corp., has offered to buy a three-story penthouse for &#36;44 million, which would be the highest price ever paid for a Manhattan apartment if the deal goes through.
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Paris to work for a living? There looks to be a possibility that highly-talented heiress Paris Hilton might one day have to work for a living following the announcement by her grandad Barron that he intends to donate 97 per cent of his $2.3bn fortune to charity.â¦
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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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LAS VEGAS - Nicky Hilton, the hotel heiress and socialite, has tied the knot with her beau in a late-night ceremony, according to court filings obtained by The Associated Press.    Hilton, 20, married New York money manager Todd Andrew Meister, 33, at the Las Vegas Wedding Chapel early Sunday, according a Clark County marriage license...
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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 HLT.N posted a  strong rise in third-quarter earnings on Monday as business and  leisure travel turned up, filling its big urban hotels.
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Rupert Murdoch&#39;s transition from renegade to the heart of the New York establishment was cemented this week with the purchase for a record $44m (Â£26m) of a Fifth Avenue apartment once owned by an heir to the Rockefeller fortune.
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World stock markets rose Wednesday and European indexes were buoyed after Hilton Hotels agreed to be bought by the equity firm the Blackstone Group.
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BEVERLY HILLS, Calif. (Dow Jones/AP) -- Hilton Hotels Corp. on Monday posted a 79 percent 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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Hilton Group Plc, the operator of Hilton hotels outside the US, said first-half profit almost tripled, helped by gains at the Ladbrokes betting chain and a recovery in demand for hotel rooms.
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The real estate company seems to have the right results and the right investors.
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Shareholders approved a $39 billion bid to take over the nation's largest office landlord.
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Sin City regular Paris Hilton has finally found a place she can call home here.