04/07/2007 Hilton hotels are sold to Blackstone for $26bn
Blackstone and Hilton Break Ground on Grand Islander
Blackstone acquired the premium hotel operator for approximately $26 billion, representing a 25% premium to Hilton's all-time high stock price. The Hilton deal is often referred to as the deal that marked the "high water mark" and the beginning of the end of the multi-year boom in leveraged buyouts.
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