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Hilton Worldwide to sell off shares
Hilton Worldwide, one of the world’s biggest hotel chains, is planning to float on the New York Stock Exchange in order to raise up to £1.4 billion.
It said it would use the money raised to pay down debt.
Blackstone Group, which bought Hilton in 2007 for $26.7 billion, is planning to sell 112.8 million shares for between $18 and $21 each.
Hilton’s hotel brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn and Hilton Grand Vacations.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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