Trading in shares of the company held December 12 in New York
One of the largest hotel chains in the world, Hilton Worldwide, held an initial public offering (IPO) in the U.S. and raised $ 2.35 billion. The company sold 117.6 million securities with share value of $ 20. IPO Hilton was a record year for IPOs among organizations in hospitality industry. It is reported by BBC times.
Trading in securities is held on Thursday, December 12, on the New York Stock Exchange. The company announced that it intends to use the proceeds to pay off debts.
In 2007, the hotel chain was sold to Blackstone Group investment fund for $ 26.7 billion, this agreement is called one of the biggest contracts before the global economic crisis. When the global economy including tourism began to gradually recover, investors looked into buying shares of this entity. Currently room rates hotels of Hilton, and the degree of occupancy, steadily increasing. Experts predict that the increase in these parameters will be for several more months.
Hilton hotel chain was founded in 1919. Today the company owns 4 thousand hotels in 90 countries. Company Hilton Worldwide owns hotel chains Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn and Hilton Grand Vacations.
