By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
The Beverly Hills Courier reports that "The Beverly Hilton Hotel has been listed for sale with global commercial real estate brokers Cushman & Wakefield for the purpose of exploring the market. A sale price has yet to be determined". In 1955, Conrad Hilton opened The Beverly Hilton at the world-famous intersection of Wilshire and Santa Monica Boulevards. The hotel was owned by Merv Griffin from 1987 to 2003. Oasis West Realty LLC purchased the 570-room hotel in 2003 for $130 Million and immediately embarked on a $80 million renovation. There are currently plans to expand The Beverly Hilton with an additional 170 rooms.