REAL ESTATE

HFS to Buy Time-Share Marketer: HFS Inc.’s proposed purchase of closely held Resort Condominiums International Inc. for about $625 million in cash and stock would widen HFS’ real estate holdings and expand its computer networks for reserving cars and hotel rooms and scheduling time-share vacations. Parsippany, N.J.-based HFS has spent $2.4 billion since August 1995 to buy real estate brokers Coldwell Banker and Century 21 and car rental company Avis Rent A Car Inc. The series of acquisitions is expected to boost HFS’ earnings more than 30% annually for two to three years, analysts said. Indianapolis-based Resort Condominiums’ computerized vacation exchange system can be linked with HFS’ other computer networks, such as Avis’ WizCom system, analysts said. The move would permit HFS to sell all its products via one computer system and boost profits, they said. HFS is the world’s largest hotel franchiser.