Hilton breakup false

A spokesperson for private equity firm Blackstone describes as
“categorically false,” a report that the private equity business is in
early stage negotiations to break up its investment in the Hilton hotel
chain.

The Independent newspaper had claimed plans were afoot for a
public listing of part of the chain “along geographic lines,
debt-for-equity swaps or a trade sales of some of its hotels to peers”.

A Blackstone spokesperson says: “A break down of the Hilton brand is
simply not an option for us. We are looking at the capital structure
but the rumours are categorically false.”

In 2007, Blackstone acquired the chain for US$26bn, and in 2008 had
already written down its investment in Hilton Hotels by nearly half.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

Up Next

Related Posts

banner