Hilton Closes on Waikoloa Purchase

BEVERLY HILLS, Calif., May 1, 2002 (BUSINESS WIRE)—Hilton Hotels Corporation (NYSE:HLT) announced today that it has completed its acquisition of the 1,241-room Hilton Waikoloa Village on Hawaii`s Big Island. Hilton`s agreement to purchase the property, along with the financial details of the transaction and description of the hotel property, was announced as part of the company`s April 23 first quarter earnings press release.