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What Does The Blackstone/Hilton Deal Mean For the Hospitality Industry?

Posted by: Chris Steins
Thanks to: Peter Slatin
6 July 2007 - 1:00pm

Announcing a deal that will further sharpen the fierce competition in the hotel industry, the seemingly insatiable Blackstone Group is set to acquire Hilton Hotels Corp. for more than $26 billion.

"Like Blackstone's blockbuster Equity Office Properties acquisition earlier this year, this transaction will have profound repercussions on the sector it is tied to. But unlike that earlier deal, which seems to have prefigured a turning point in the fortunes of real estate stocks, this acquisition could mark another step in the still unfolding growth cycle of the hospitality industry..."

Full Story: Hilton Gets Hot
Source: The Slatin Report, July 5, 2007
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