Business Services Industry
Hilton Hotels Corp. Acquires the Atlantic City Country Club
Business Wire, Oct 9, 1997
ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Oct. 9, 1997--Hilton Hotels Corp., through its wholly owned subsidiaries Bally's Park Place and the Atlantic City Hilton, has entered into an agreement to purchase the Atlantic City Country Club in Northfield, N.J.
Terms of the sale were not disclosed. The transaction is expected to be completed in January 1998.
Hilton will honor all 1997/98 membership arrangements through their expiration. The new owners also intend to honor all firm commitments for banquet functions.
Located on approximately 170 acres, the Atlantic City Country Club recently celebrated its 100th anniversary and is rich in golf history. In addition to the 18-hole golf course, the facility features a driving range and clubhouse.
``While guests of the Atlantic City Hilton and Bally's Park Place already experience the best full-service resorts in Atlantic City, we look forward to further enhancing the world-class amenities they enjoy. The acquisition of this premier golf facility will help us achieve our goal,'' said Wally Barr, president and chief operating officer of Bally's Park Place and the Atlantic City Hilton.
Hilton Hotels is the world leader in lodging hospitality and casino gaming. The company develops, owns, manages or franchises hotels, hotel-casinos, resorts and vacation-ownership properties.
CONTACT: Hilton Hotels Corp., Beverly Hills, Calif.
Kathy Shepard, 310/205-7676
or
Atlantic City Hilton
Sharon Pearce, 609/340-7025
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