Hilton Worldwide, the large international hotel group, has submitted documents for a $1,25 billion equity placement. The company, which owns 4.041 hotels and resorts in 90 countries, has gone public since 2007, when it was bought by private equity giant Blackstone Group for $25 billion including debt.
In the first six months of the year, Hilton, which also controls the Waldorf Astoria and Conrad brands, recorded a flanded up 2,7% to $4,64 billion and profits up 66% to $189 million.
The banks that will manage the IPO they are Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley.
