Blackstone to buy Hilton


Hilton is going to become part of Blackstone's hotel portfolio, according to this New York Times article. Not sure what, if anything, it'll mean for the chain, but the article does say that Blackstone is looking to "invest" in Hilton, "integrating the company’s brands — which include Doubletree, Embassy Suites and Hampton Inn as well as Hilton — with its other hotels."

My first thought on reading this, though, was how nice it must be to be able to pay cash for a $26 billion purchase!

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