Hilton completes Caledonian sale

Hilton Hotels Corporation has announced the completion of the sale of the Caledonian
Hilton hotel to The Caledonian Operating Company Ltd UK for £51.7
million.The purchase was funded by Bank of Scotland
Corporate.Hilton will retain a long-term management contract for the 251-room hotel.
This contract will ensure the continuation of the Hilton brand in this historic
landmark hotel, superbly located in the heart of Scotland’s capital city.  The
Caledonian Operating Company Ltd UK has agreed to an investment programme of £13.5
million to maintain the high standard of amenity and service in the grade II listed
building which originally opened in 1903.