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“Blackstone intends to invest in the Hilton properties and brands globally to enhance and grow the business for the benefit of owners, franchisees, and customers... This transaction is about building the premier global hospitality business.”
And these plans are reinforced by the statements declared on its page which state that: “Mr. Nassetta joins Hilton as the company moves into an exciting new phase of growth, both in the U.S. and abroad. The Blackstone Group's real estate and corporate private equity funds completed the acquisition of Hilton on October 24, 2007. Blackstone views Hilton as an important strategic investment and intends to invest in its properties and brands to enhance the Company's growth...
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