REAL ESTATE: Two More for Hilton

Hustling Hotelman Conrad Hilton had a busy week. To the string of 17 hotels he operates around the world, he added an 18th, by a deal in Manhattan. To the six other hotels he has abuilding or contracted for around the world, he added a seventh in another deal in Havana. In Manhattan, he bought the 43-story New Yorker Hotel for $12.5 million. Actually, Hilton paid no cash on the transaction: instead, he gave the Manufacturers Trust Co.. owner of the New Yorker, 111,960 shares of preferred and common stock in the Hilton...

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