Blackstone completes Hilton Hotels Corporation takeover

25 October 2007 by
Blackstone completes Hilton Hotels Corporation takeover

Private equity firm Blackstone has completed its $26b (£12.69b) takeover of Hilton Hotels Corporation (HHC).

The deal, which was announced on 3 July, sees Blackstone taking on more than 2,800 properties and 480,000 rooms in the Hilton family of brands.

Under the terms of the deal, cleared by the European Commission earlier this week Blackstone will pay HHC shareholders $47.50 (£23.16) per share in cash, valuing the hotel group at about $20b (£9.8b) excluding debt.

As a result of the merger, HHC's shares will cease trading on the New York Stock Exchange.

Hilton shareholders back £10b Blackstone takeover >>

£10b Hilton deal will not be the last >>

Is private equity working in the public interest? >>

Bank on a rethink over investment strategies >>

By Daniel Thomas

E-mail your comments to Daniel Thomas](mailto:daniel.thomas@rbi.co.uk?subject=Blackstone completes Hilton takeover) here.

[The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking