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Log In / Register | Jun 28, 2017

Hilton to Sell Waldorf Astoria for $2B

Nightly Business Report looks into a Chinese company pouring money into Hilton's Waldorf Astoria. "It is the most expensive hotel ever sold in the U.S.," says NBR.

Hilton Raises $2.5B IPO; Dismisses Franchisees

Hilton CEO Christopher Nassetta & Hilton team at the New York Stock Exchange. Photo/Ben Hider/NYSE Euronext

MCLEAN, Va.—Hilton Worldwide Holdings Inc., a worldwide chain of 3,700 largely franchised hotels and 150 company-owned hotels, raised $2.35 billion in a record-breaking initial public offering for a hotel franchisor.

Hilton Said to Increase IPO to $2.25B

Planning an initial public offering in probably the first week of December, Hilton Worldwide thinks the stock market waters are good. Good enough it is said that Hilton will increase its IPO to $2.25 billion, according to Bloomberg.

Blackstone Explores Private Sale, IPO for La Quinta Hotels

Franchisor La Quinta up for saleAfter buying La Quinta in 2006 and growing through selling franchises, the Blackstone Group is readying La Quinta and its 800 hotels for a private sale or an initial public offering.

Hilton Terminates Las Vegas Franchise

Hilton Worldwide has notified Colony Resorts LVH Acquisitions LLC, owner and operator of the off-Strip Las Vegas Hilton, that its franchise agreement will be terminated as of January 1, 2012.