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Hilton Hotels Corporation Sells the 821-room Hilton Minneapolis
for Approximately $92 million

BEVERLY HILLS, Calif. - March 22, 2006 -- Hilton Hotels Corporation (NYSE:HLT) announced today that it has sold the 821-room Hilton Minneapolis to 1001 Marquette, L.L.C., a Delaware limited liability, for approximately $92 million. It is estimated that the new ownership will spend $15 million in additional capital over the next three years to upgrade the property. The hotel will continue to be managed by Hilton Hotels Corporation and operate as a Hilton branded property under the terms of a long term management agreement. 

"We are pleased to be able to sell this hotel to 1001 Marquette while retaining it in the Hilton Family under a management agreement," said Dave Sherf, senior vice president - Real Estate/Asset Management, Hilton Hotels Corporation. 

About Hilton Hotels Corporation 
Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with nearly 2,700 hotels and 475,000 rooms in more than 80 countries, with 150,000 team members worldwide. 


Hilton Hotels Corporation
Kathy Shepard, 310-205-7676

Also See: Hilton Hotel Corp Sells the 600 room Anchorage Hilton for $65 million / December 2005
Hilton's Asset Disposition Strategy Continues, Eight Additional Hotels Identified for Sale / July 2005

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