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Description
Hertz and Hilton in international car rental contract Barron Hilton (left), vice president of Hilton Hotels Corporation, and Joseph J. Stedem, executive vice president of the Hertz Corporation, sign a five-year contract under which Hertz is granted exclusive car rental rights at all 26 Hilton-Statler hotels in the United States and in Hilton overseas hotels. The contract, said to be the largest of its kind ever executed, becomes effective June 1, 1957.
