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Hilton to form new JV to build more hotels

The Government of India has allowed Hilton International to form a joint venture with DLF Ltd., a real- estate company owned by billionaire Kushal Pal Singh, which will build hotels and service apartments in India. Hilton will invest $143 million for a 26 percent stake in the JV. Hilton has also been allowed to form a separate, wholly owned unit in India that will operate the hotels.

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