Hilton Worldwide Holdings, owned by The Blackstone Group L.P. (NYSE:BX), filed for an IPO to raise at least $1.25 billion. The most closely watched IPO could value Hilton at about $30 billion, after going public. Largest IPO For A Lodging Company The Blackstone Group L.P. (NYSE:BX) took control of the world’s largest hotel chain in 2007 for over $18 billion. Besides that, The Blackstone Group also assumed $7 billion in debt, making it one of the hotel industry’s largest-ever debt-fueled takeovers. The private-equity owner looks to take advantage of the rebounding commercial real estate market by floating the IPO. At $1.25…
Blackstone’s Hilton Files For IPO
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports