HOTELS: Black Sea View

Hotelman Conrad Hilton, who is never so happy as when he's expanding, this week announced that he was moving within "ten miles of the Iron Curtain." He will build a 300-room, ten-story hotel in Istanbul, which now has no hotel with more than 100 rooms. Like his other foreign hotels, the new Hilton will have a swimming pool, tennis courts, etc. The Turkish government is putting up $4,800,000(part of it under EGA guarantees) to build it; Hilton will provide the working capital and management for one-third of the profits.

The deal is...

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