Private Equity

Blackstone keeps winning with Hilton buyout

A $6.5bn stake sale means the private equity firm continues to get the timing right with its investment in the hotel giant

Tuesday 25 October 2016 at 12:36

The firm bought Hilton in 2007
The firm bought Hilton in 2007 Photo: iStockPhoto

Blackstone Group continues to get the timing right with its investment in hotel giant Hilton Worldwide Holdings.

The New York private equity firm on October 24 agreed to sell a roughly 25% stake in Hilton to Chinese conglomerate HNA Group for $6.5 billion, following a 60% rally in the company's stock from an early-2016 low.