Hilton Worldwide Files for IPO

Fresh from the success of its back this past spring, Blackstone Group is fluffing the pillows on another IPO.

On Thursday, the private equity powerhouse filed papers with the SEC to launch an initial public offering of Hilton Worldwide, the hotel group it took private in 2007, in a monster $26 billion, all-cash transaction. Most news outlets are describing the deal as a $1.25 billion IPO, but while that may well be the value of the stock sold, in fact, this is a much, much bigger deal than just that.

According to Hilton's S-1 filing with the SEC -- which filing is not complete yet, and subject to amendment -- the Hilton IPO will feature:

  • 10 award winning hotel brands ...
  • containing more than 665,000 rooms for rent ...
  • serving 125 million guests annually ...
  • of whom 38 million are loyalty club members ...
  • who, even with discounts, help Hilton rack up $9.4 billion in annual revenues ...
  • and $427 million in net profits.

As for how much Hilton will sell for, and whether Blackstone will make a profit on its investment, that remains to be seen. As of today, the company's S-1 filing does not state how many shares will be offered at IPO, how many shares will be outstanding post-IPO, or how much any of these shares might cost to buy.

The article Hilton Worldwide Files for IPO originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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