Scandic, a prominent and respected brand name located primarily in Sweden, Norway, Finland and Denmark, includes 130 hotels and approximately 23,000 rooms. Of the 130 hotels, 120 are leased properties, six are franchised, three are managed and Hilton owns one. 

Separately, Hilton International (HI), a wholly owned subsidiary of Hilton Hotels Corporation, expects to list ten hotels for sale in Europe by the end of September. Banc of America Securities Limited has been appointed to advise Hilton on this project. 

The ten hotels in Europe to be listed for sale represent 3,328 rooms in the following locations -- 

• Hilton Dusseldorf, Hilton Dresden and Hilton Weimar in Germany; 
• Hilton Charles de Gaulle and Hilton Strasbourg in France; 
• Hilton Zurich Airport in Switzerland; 
• Hilton Brussels (Boulevard de Waterloo) in Belgium; 
• Hilton Luxembourg; 
• Hilton Barcelona in Spain and
• Los Zocos Villa Resort in the Canary Islands. 

Robert M. La Forgia, Chief Financial Officer for Hilton Hotels Corporation (HHC), commented: "Hilton's objective on asset sales is to support our stated strategy of generating a higher proportion of future earnings from managing and franchising hotels and less from hotel ownership. Any future sale of assets is a continuation of a process that began in early 2005. Since that time, HHC has sold over $1.3 billion in assets, and HI about $700 million." 

The expected timing for completion of any evaluation or sale process cannot be confirmed at this early stage in the process. The company confirms that any intended sale would be subject to completion of all required approvals, including information and consultation proceedings with works councils, trade unions and employee representatives. 

Hilton Hotels Corporation (NYSE:HLT) is the leading global hospitality company, with nearly 2,800 hotels and 485,000 rooms in more than 80 countries, including 150,000 team members worldwide. 

Hilton Hotels Corporation
Kathy Shepard, +310-205-7676
VP Corporate Communications
[email protected]