Blackstone acquires Hilton Hotels Corporation

Blackstone acquired Hilton Hotels Corporation for Approximately $26 billion ($47.50 per share in cash), a transaction completed in October 2007, structured as All cash.

Hilton Hotels Corporation operates in Hospitality / lodging, is based in Beverly Hills, California, USA (global hotel brands).

The deal combined a leading global hospitality company and its portfolio of brands (Hilton, Conrad, DoubleTree, Embassy Suites, Hampton Inn, Waldorf-Astoria and others) with Blackstone's large existing hotel holdings; Blackstone, then the largest private investor in hospitality worldwide, intended to invest in and grow the brands globally.

Our priority has always been to maximize shareholder value. Our Board of Directors concluded that this transaction provides compelling value for our shareholders with a significant premium.Stephen F. Bollenbach, Co-Chairman and CEO, Hilton Hotels Corporation

Advisory firms were not disclosed for this transaction.

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