Hilton gearing up for billiondollar float

first_imgAccountants are believed to be preparing the books of Hilton Worldwide hotels, as private-equity giant Blackstone readies the hotel chain for an eventual flotation on the New York or London stock exchange. It is understood that Blackstone executives want Hilton to be ready for a quick sale, although the timetable for a move will be dependent on favourable market conditions, the Independent reported. According to the newspaper, a source close to the group said that “the focus is on getting the timing right, so that if you wake up one morning and decide to go for it you can”. Blackstone and Hilton have stressed however that the listing would not be rushed, with Hilton chief executive Chris Nassetta saying earlier this month that the sale was  something they “will consider at some point”.US-based Blackstone purchased the hotel group for US$26 billion in 2007, a year after the Hilton brands were reunified following a 42-year split. Source = e-Travel Blackboard: M.Hlast_img read more