Monday, September 16, 2013

Blackstone Taking Hilton Worldwide Public

National Commercial Real Estate News From CoStar Group

Blackstone Taking Hilton Worldwide Public

The Blackstone Group is spinning off a minority ownership stake in Hilton Worldwide Holdings in a proposed initial public offering of common stock that could raise up to $1.5 billion.

As a part of the strategy, Blackstone would also restructure a portion of Hilton’s debt through a CMBS offering that could go as high as $3.5 billion - potentially the second largest CMBS offering in the U.S. (Goldman Sachs put together a $3.66 billion CMBS deal at...

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