NEW YORK CITY-Poised to seize on ideal market conditions, the Blackstone Group is getting ready to sell Hilton Hotels & Resorts Worldwide, which it acquired in 2007 for more than $18 billion, plus more than $7 billion in assumed debt. The private equity firm is reportedly preparing an IPO for the hotel giant and has hired four banks—Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley—to start the process, according to the Wall Street Journal.

Blackstone has been shedding assets of late, taking advantage of the dominance of the public market over private equity. The firm revealed earlier this week it would sell its holdings in La Quinta Hotels and, in July it filed plans to sell shares in its Extended Stay America hotel brand. In the second quarter the firm issued an IPO for Sea World Entertainment and, the Journal reports, it sold shares in companies like Nielsen Holdings. The company completed an IPO of Pinnacle Foods in the first quarter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.