What did Blackstone do to Hilton?
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 inherited the Hilton fortune?
In 1979, at the age of 91, Conrad Hilton died of natural causes, leaving $10,000 each to his nephews, nieces, and daughter, and $500,000 to his two siblings. The remainder of the estate was bequeathed to the Conrad N. Hilton Foundation, which he had founded in 1944.
Is Hilton a billionaire?
The Hilton family is one of the world's most powerful and famous families and are worth over $14.2 billion dollars.
What does Hilton stand for?
Finally, Hilton's values are presented in the acronym HILTON which stands for hospitality, integrity, leadership, teamwork, ownership, and now. Each expounds as follows. Hospitality speaks to a passion to deliver exceptional guest experiences. Integrity represents a commitment to do the right thing, all the time.