Hilton Hotels Corporation has confirmed that it has reached agreement to sell up to 10 hotels - with a total of about 3,330 rooms - to a fund managed by Morgan Stanley Real Estate for approximately EUR 566 mln. A statement on the sale was issued by Hilton Hotels on Thursday following reports in the media about a deal. The proceeds from the sale will be about EUR 450 mln after debt repayment, tax and transaction costs. Hilton Hotels will use the proceeds to pay down debt.