Blackstone’s Hilton Files For IPO
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...
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