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Haiti signs $40 mln deal to build Hilton hotel 

In an attempt to jump-start its tourism industry, the Haitian government signed a $40 million contract with an investor group to build a Hilton-operated hotel in the capital of the turbulent Caribbean nation.

Haiti's tourism and finance ministers and representatives of Caribbean Hotel Ventures and the Comme Il Faut Tobacco Company, signed an agreement on Tuesday, extending tax breaks and other economic incentives. The investor group said the 10-year contract, which is open for renewal, would enable their companies to build the hotel.

Caribbean Hotel Ventures will own the hotel, which would be managed by Hilton Hotels Corp. (NYSE:HLT), the executives said. [This graph only]

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