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Blackstone Shares Jump on Hilton Deal eyes Starwood

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  • Blackstone Shares Jump on Hilton Deal eyes Starwood

    Blackstone Shares Jump on Hilton Deal eyes Starwood

    July 5, 2007

    Since announcing that it will puchase the Hilton Hotel chain, new IPO Blackstone (who owns La Quinta Inns, Legoland Theme Parks, and part of Universal-Orlando) has jumpped. They see Hotels as being relitively low risk real estate investments in the current market. There is some rumors that they may be going after Starwood Hotels (where Matt Ouimet currently is CMO) as well. As of this posting shares of Blackstone are up 91 cents on the news.

    More on this story at MarketWatch
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  • #2
    Re: Blackstone Shares Jump on Hilton Deal eyes Starwood

    Wait so the hilton family no longer owns the chain of hotels or what?

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    • #3
      Re: Blackstone Shares Jump on Hilton Deal eyes Starwood

      Originally posted by Disneyfan4lyfe View Post
      Wait so the hilton family no longer owns the chain of hotels or what?
      Hilton has been a publically traded company for a long time. Through various mergers and acquisitions, a number of Hilton hotels (the Las Vegas Hilton for one) aren't even owned by the Hilton Hotels Corporation anymore, but retain the name.
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