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Articles tagged “blackstone”

Hotels

Hilton CEO Says Hotel Chain Was ‘Totally Dysfunctional’ Before Blackstone

Blackstone didn't come in and suck the life out of Hilton Worldwide, but turned it into an organization that other hotel chains emulate. With its IPO imminent, Hilton will pay down a bunch of debt, and will find itself in an even more advantageous position.

Hilton CEO Says Hotel Chain Was ‘Totally Dysfunctional’ Before Blackstone

Hotels

Hilton Worldwide Could Raise Nearly $2.4 Billion in IPO This Week

This high-profile IPO from Blackstone is basically a fundraising drive for Hilton to pay down debt. Most everything else stays the same: Blackstone isn't selling any of its shares and will continue to control the chain.

Hotels

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces

What is the right formula for Blackstone? Two IPOs and a sale or perhaps three IPOs -- namely for Extended Stay America, Hilton, and possibly La Quinta. It is so nice to have options.

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces

Hotels

What Blackstone and Hilton Have Been Doing Behind Closed Doors

Proceeds from the IPO -- the size of which is still to be determined -- would go toward paying down debt. Unlike many other private equity acquisitions where the acquired companies have been hamstrung and loaded down with debt, Blackstone has really rationalized and improved Hilton's global operations.

Hotels

Is Blackstone’s Extended Stay America IPO a Trial Run for Hilton?

Extended Stay America and Hilton are two totally different kinds of hotel companies, but Extended Stay America's IPO is likely to impact the timing and shape of a potential Hilton IPO. The most interesting thing is that if everything falls into place, it looks like Hilton's long-awaited IPO will finally be on tap for 2014.

Is Blackstone’s Extended Stay America IPO a Trial Run for Hilton?

Hotels

Hilton Worldwide in no rush to go public, CEO says

Analysts tend to overlook the seeming little things at times. It's clear that Hilton Worldwide's headquarters relocation from Beverly Hills to Virginia four years ago was a game-changer for the company.

Business Travel

Hotel giant Blackstone plots a future for Hilton — with billions in backup

Blackstone is a very savvy, metrics-oriented hotel investor, and with $10 billion available to invest in real estate, the world's largest hotel operator is a lodging force to be closely monitored. Despite its public company status, Blackstone is fairly tight-lipped about its strategy, and the industry awaits Blackstone's next chess move.

Hotel giant Blackstone plots a future for Hilton — with billions in backup

Online Travel

Orbitz Worldwide and Travelport get their freedom from Blackstone

Blackstone saddled Travelport and Orbitz Worldwide with tremendous debt, and greatly restricted Orbitz's freedom to maneuver. There have to be some champagne corks popping this weeks as Orbitz has a chance to taste some freedom.

Tourism

SeaWorld spurns bids and prices $540 million IPO

There's still time for Blackstone to accept a buyout bid before SeaWorld hits the public markets. Private-equity backed IPOs are currently in vogue so that has given Blackstone more confidence.

SeaWorld spurns bids and prices $540 million IPO

Airlines

Blackstone and Travelport had a tough year doing business in Iran

Does Blackstone have an ethics policy related to doing business in Iran and other countries with international sanctions? Or is private equity and ethics a contradiction in terms?