I thought BX did a nice job building up Hilton but the results were far from spectacular based on the IPO. If $2.5 billion is 25% of the company(as BX suggests), their $10 billion investment has lost considerably from the $27 billion they spent 5 years ago.
Really, are you that stupid, or just a short spreading misinformation?
1. The 2.25 billion, not 2.5 B, that is the target raise, will represent a market cap similar to other hoteliers have raised recently.
2. HLT has been valued at closer to 30 billion as per the underwriter's prospectus, Bloomberg, and other analysts. Not sure how you get 10 Billion.
3. Much of the proceeds from the IPO will be used to paydown debt which will bolster earnings.
4. HLT is in a unique position to grow by franchising its brand to foreign markets much like others are doing.
5. This fiscal year, they their EBITDA will be 360 million and growing.