Hilton parent files to take it public
The parent of Hilton Worldwide has filed for an initial public offering for the hotel chain to raise up to $1.25bn (£790m).
Private equity group Blackstone, which bought Hilton in 2007 for $26.7bn, said it will use the proceeds to pay off debt.
Since Blackstone took over Hilton, it has expanded the number of rooms by 34%, or 170,000 rooms, and further expansion is in the pipeline.
Hilton Worldwide now has around 4,000 hotels, resorts and timeshare properties spread across 90 countries, with several brands including Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn, and Hilton Grand Vacations.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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