Tuesday, July 3, 2007

Hilton Buyout

Where is a girl going to stay when they go jetsetting after the hotel chain is sold? Questions arise after an $18.5 billion dollar deal has gone down that will sell Hilton Hotels in the 4th quarter of this year. Estimates claim that the deal is worth approximately $26 billion after all of the debt is included, but until the shareholder approval comes the deal is not finalized.

With The Blackstone Group LP purchasing the hotel giant they are making a huge investment in the Hilton name. Guess that reduces the number of places the celeb will be staying for free.

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