Blackstone buys Hilton

Private equity firm Blackstone has bought Hilton Hotels Corporation for $26 billion, making the group the biggest hotel group worldwide by number of properties. InterContinental lead by number of rooms. The deal was announced after a Hilton board...

Private equity firm Blackstone has bought Hilton Hotels Corporation for $26 billion, making the group the biggest hotel group worldwide by number of properties. InterContinental lead by number of rooms. The deal was announced after a Hilton board meeting in Beverly Hills. Two years ago Hilton Hotels Corporation merged with Hilton International in a $6 billion deal. The Hilton brand includes Doubletree, Embassy Suites, Hampton Inn and the Waldorf-Astoria.

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