Big news in the hotel world with the Blackstone Group planning a partial listing of US operator Hilton Worldwide Inc valuing the company at around USD30 billion. Blackstone is planning to sell a minority stake in Hilton for up to USD1.25 billion. Reuters report that “Blackstone took Hilton private in 2007 at the height of the buyout boom for USD26.7 billion” and hopes to capitalise on an improving hotel market. See story.
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