Blackstone Preps $1.25B IPO For Hilton Worldwide

Law360, New York (September 12, 2013, 1:33 PM EDT) -- Blackstone Group LP-backed hotel operator Hilton Worldwide Inc. filed for an initial public offering of up to $1.25 billion Thursday, as the private equity giant seeks to take advantage of the recovering U.S. hospitality industry.

Blackstone, which acquired Hilton in 2007 in a gargantuan $26.7 billion buyout, had already begun the IPO process for another hospitality portfolio company, Extended Stay America Inc., earlier this year. But the Hilton offering will dwarf Extended Stay's, according to documents filed Thursday with the Securities and Exchange Commission.

Hilton said...
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