Hilton said to be seeking to sell Sydney hotel

Hong Kong

HILTON Worldwide Holdings Inc, the hotel operator controlled by Blackstone Group LP, is seeking at least A$400 million (S$450.2 million) from the sale of a Sydney hotel, people with knowledge of the matter said.

The hotel chain appointed Jones Lang LaSalle Inc to find a buyer for the Hilton Sydney Hotel, said the people, who asked not to be named as the process is private. It plans to complete the sale as early as in mid-2015, one of the people said.