Thanks to socialite Paris Hilton, the Hilton name has become synonymous with the lifestyle of Beverly Hills and Southern California.
Nevertheless, it is Paris' father, Richard Hilton, who is the grandson of Conrad Hilton, the renowned hotelier who made a future and fortune in Beverly Hills through the establishment of upscale real estate in the area.
Now, a report in The Real Estalker says the Hiltons are spreading their kingdom out to the East Coast. Richard and his wife Kathy have reportedly bought an apartment in the celebrated Pierre Hotel in New York City for $2.522 million.
The property listing shows that while the Hiltons succeeded in clenching a deal 8.3 percent below the asking price of $2.75 million, the monthly maintenance fees for their new property, which comprises one master bedroom and two spacious bathrooms, are a whopping $3,911 - more than most New Yorkers' rent.
The fees provide an array of amenities, including a round-the-clock concierge, 24-hour room service, maid service twice a day, attended elevators and entrance to a sophisticated and expensive fitness center and spa.
Richard is the chairman and co-founder of the real estate brokerage company Hilton & Hyland. The Richest.com puts his net worth at $300 million. Though Kathy Hilton is better known as socialite Paris Hilton's mother, CelebrityNetworth.com says even the net worth of this former television actress is estimated to be $300 million.
