Hilton Files for $1.2B IPO

MCLEAN, VA-The offering on the iconic hotel company, which Blackstone took private in 2007, would be the largest to date in the hospitality sector.

By Paul Bubny | Updated on September 12, 2013

MCLEAN, VA-Hilton Worldwide Holdings Inc., taken private by the Blackstone Group in a $25-billion 2007 deal, on Thursday filed a registration statement for a $1.25-billion IPO. Following the IPO, which would be the largest to date in the hotel sector, Blackstone would continue to own a majority of the voting power in Hilton.

In its SEC filing, McLean, VA-based Hilton cited a number of competitive strengths providing the foundation for its position as a leading global hospitality company. Among them are its brands, which have achieved an average global RevPAR index premium of 15% over the 12 months that ended June 30. Hilton also cites its scale: 4,041 properties and 665,667 rooms in 90 countries and territories, including a number of iconic properties with “significant underlying real estate value.”

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