Mega IPO For Hilton Chain
Hospitality circles are buzzing over the announcement that the global hotel chain Hilton has filed for a IPO which is valued at close to USD1.2 billion.
Hilton is owned by the US group Blackstone who will retain a majority controlling interest.
It's understood this will be the largest IPO of a hotel company ever.
Industry news source Hotels Magazine has run a piece saying that Hilton may carry a USD30 billion total value.