Hilton Closes on Waikoloa Purchase

Press Release: Hilton Hotels Corporation
May 2, 2002
BEVERLY HILLS, CA -- Hilton Hotels Corporation (NYSE:HLT) announced yesterday 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.

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Contact: 

     Hilton Hotels Corporation
     Marc Grossman, 310/205-4030
     marc_grossman@hilton.com
     http://www.hiltonworldwide.com