BEVERLY HILLS, CA— Hilton Hotels Corp. said it has agreed to purchase the remaining 87% interest in the Hilton Waikoloa Village property on the island of Hawaii. The transaction, valued at $155 million, means Hilton will purchase the property for 40 cent on the dollar, according to Matthew J. Hart, CFO for Hilton. The Hilton Waikoloa Village is a 1,241-room resort sitting on 62 acres on the Kohala coast. It was acquired by Japanese investors and Hilton in 1993, and was originally developed by Chris Hemmeter in 1988 for $400 million.
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