First read is on us.

Subscribe today to keep up with the latest travel industry news.

The world's largest owner of hotel rooms wants to unload some real estate


Skift Take

Although Blackstone is only publicly speaking about commercial real estate now, it's hard to imagine that the private-equity giant won't look to unload a few of its 185,000 rooms -- or even the Hilton chain itself.

Private-equity firm Blackstone Group LP is preparing to unload its portfolio of U.S. office buildings, a move that would signal that one of the property sector's most active buyers is moving into a selling phase as top office markets recover.

Blackstone is leaning toward selling the portfolio, which analysts have valued as high as $22 billion, in regional parcels, according to real-estate executives who have discussed the matter with the firm.

Up Next

Experiences

How Travel Brands Can Seize the ‘Q5’ Opportunity on TikTok

Driven by increased spending on experiences and the digital habits of younger audiences, TikTok has emerged as a key platform for inspiring and shaping travel decisions. Leveraging the platform’s reach early in the year presents a unique opportunity for travel brands to connect with eager travelers.
Sponsored