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NEW YORK CITY-Having scored a success with its Nov. 12 IPO for Extended Stay America, the Blackstone Group reportedly now is seeking to increase the size of its stock offering for Hilton Worldwide Holdings Inc. to $2.25 billion. Most recently, published reports say the private equity giant will seek to file for an IPO on La Quinta Inns & Suites rather than sell the limited-service hotel operator via auction on the private market. A Blackstone spokesman tells GlobeSt.com the company cannot comment on the reports due to SEC regulations.

Currently valued at $4.5 billion, La Quinta would represent Blackstone’s third lodging IPO. “It’s an advantageous point in the hotel cycle,” Drew Babin, senior lodging analyst at CBRE Clarion Securities, told Bloomberg Monday.  With supply growth proceeding slowly, “we expect three more years” of above-average gains in rates and occupancy, Babin said.

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