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Hilton Files for IPO of up to $1.25 Billion
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Under Blackstone private equity ownership Hilton expanded overseas, acquired the international operations, and increased room capacity and revenues. It also almost doubled the debt load to about $13.5 billion in 2013 and hit a rough patch in timing because the 2007 buyout happened close to the 2008-2009 financial crisis. About $4 billion of the debt load has been reduced by negotiating with creditors during this period. Room capacity went up from 501,000 in 2006 to 665,000 in 2013, occupancy from 72.5% to 72.3%, average daily rate from $124 to $136, and revenue from $8.2 billion to $9.4 billion. Hilton adjusted earnings before interest, taxes and depreciation were up 25% from 2010 to nearly $2 billion in 2012, according to SEC filings. Hilton now plans an IPO for the first half of 2014 to raise $1.25 to $2 billion. About 80% of rooms under construction are outside the U.S. showing the opportunities overseas Blackstone has focussed on.
Hilton Hotels performance
11/05/2008
Grouped Articles
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/12/2013
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/13/2013
Blackstone's Inauspicious Timing: Hilton Buyout
Wall Street Journal 11/05/2008
Hilton Debt Load Weighs on Blackstone
Wall Street Journal 10/29/2009
Hilton's Revival Boosts Blackstone
Wall Street Journal 02/02/2011
In Hilton IPO a Losing Deal Turns Around
New York Times 09/12/2013
Hilton Hotels management
11/05/2008
Grouped Articles
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/13/2013
Blackstone's Inauspicious Timing: Hilton Buyout
Wall Street Journal 11/05/2008
Hilton Debt Load Weighs on Blackstone
Wall Street Journal 10/29/2009
Hilton's Revival Boosts Blackstone
Wall Street Journal 02/02/2011
In Hilton IPO a Losing Deal Turns Around
New York Times 09/12/2013
Blackstone Books Profit With Hilton Hotels
Wall Street Journal 11/27/2013
Blackstone's investment in Hilton Hotels
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Grouped Articles
Blackstone Books Profit With Hilton Hotels
Wall Street Journal 11/27/2013
Hilton Is Checking Out of Hotels
Wall Street Journal 12/03/2013
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/13/2013
Hilton to Sell Waldorf Astoria to Chinese Firm
Wall Street Journal 10/07/2014
Hilton IPO
11/05/2008
Grouped Articles
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/12/2013
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/13/2013
Blackstone's Inauspicious Timing: Hilton Buyout
Wall Street Journal 11/05/2008
Hilton Debt Load Weighs on Blackstone
Wall Street Journal 10/29/2009
Hilton's Revival Boosts Blackstone
Wall Street Journal 02/02/2011
In Hilton IPO a Losing Deal Turns Around
New York Times 09/12/2013
Hilton Hotels strategies
11/05/2008
Grouped Articles
Hilton Files for IPO of up to $1.25 Billion
Wall Street Journal 09/13/2013
Blackstone's Inauspicious Timing: Hilton Buyout
Wall Street Journal 11/05/2008
Hilton Debt Load Weighs on Blackstone
Wall Street Journal 10/29/2009
Hilton's Revival Boosts Blackstone
Wall Street Journal 02/02/2011
In Hilton IPO a Losing Deal Turns Around
New York Times 09/12/2013
Blackstone Books Profit With Hilton Hotels
Wall Street Journal 11/27/2013
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