PHILADELPHIA-In a deal expected to close June 30, Aramark will pay about $55 million in cash to Beverly Hills, CA-based Hilton Corp. for 14 university-based hotels and conference centers owned by the global hotelier’s Tarrytown, NY-based Harrison Conference Centers. Among the properties in the Harrison portfolio are the Inn at Harvard Square in Cambridge, MA; the Merrill Lynch Conference and Training Center in Princeton, NJ; the Harrison Conference Center at Glen Cove in Glen Cove, NY, and the Harrison Conference Center at Lake Bluff, IL, outside Chicago.

Aramark currently runs approximately 60 conference centers and university-based hotels in North America and Europe. Through a joint venture, it runs another 48 such properties in Japan. The company’s annual sales are $9 billion.

Locally based-Steinberg Conference Center at the University of Pennsylvania’s Wharton School is among the existing Aramark-run properties. Others include The Procter & Gamble Learning Center in Cincinnati, OH and the US Postal Service’s, W.F. Bolger Center for Leadership Development in Potomac, MD.

Aramark also provides managed services, including food service at the Pennsylvania Convention Center in Philadelphia.

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