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Blackstone withdraws another $1 billion of its Hilton stake

The equity fund is said to be selling 15 million Hilton shares amounting to about one billion dollars. Following the group's stock exchange listing, its split as well as the selling of 25% of its shares to the Chinese HNA, Blackstone continues to financially disengage itself from the hospitality group.

The equity firm Blackstone, from which HNA had already purchased 25% of the Hilton Group in late-2016, is proceeding with another sale of Hilton shares.

This sale on the secondary market is for about 15 million shares, for an estimated amount of €900 million. This operation would cut Blackstone's stake in the second global hotel group to 10.3%.

One should note that the famous equity fund has recently closed numerous deals selling its stakes in various hospitality groups, notably Extended Stay America just a few weeks ago. Hilton is thus not the only one affected by Blackstone's recent profit-making deals.

Also read:

  • The Chinese Anbang bought DoubleTree by Hilton Amsterdam for $392 million
  • The Chinese group HNA buys 25% of Hilton Worldwide from Blackstone
  • Blackstone said to plan €980M European hotels sale
  • Hilton opens its first Tru hotel by Hilton in Oklahoma City
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