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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