Does Blackstone own Hilton?
Does Blackstone own Hilton? Blackstone's acquisition of Hilton was achieved through an all-cash leveraged buyout, or LBO, which is an acquisition of another company completed almost entirely through debt. In the case of Hilton, $20.5 billion, or 78.4 percent, was financed through debt with the remaining $5.6 billion in equity.
What did Blackstone do to Hilton?
The private equity firm had taken Hilton private in a $26 billion leveraged buyout in 2007. In 2016, Blackstone agreed to sell a 25 percent stake in Hilton to China's HNA Group Co Ltd [HNAIRC. UL] for $6.5 billion, three times what it paid in 2007.
Who is Hilton owned by?
Ownership structure of Hilton Worldwide Holdings Inc. The company was founded in 1919 by Conrad Hilton and went public in 2013. Today, Hilton is owned by a diverse group of shareholders, including institutional investors, mutual funds, and individual investors.
Who owns majority of Hilton?
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, T. Rowe Price Investment Management, Inc., State Street Corp, Principal Financial Group Inc, Pershing Square Capital Management, L.P., Capital International Investors, Bank Of America Corp /de/, and Capital Research Global Investors .
Are the Hiltons billionaires?
The Hilton family is one of the world's most powerful and famous families and are worth over $14.2 billion dollars.