Skip to main content

Hilton May Sell Some Hotels

A report says the company has had talks with buyout groups.
  • Author:
  • Publish date:

Hilton Hotels

(HLT) - Get Hilton Worldwide Holdings Inc Report

has discussed the possibility of selling some recently acquired hotels to a buyout group, according to a published report Thursday.


Scroll to Continue

TheStreet Recommends

said the company has talked with firms including Blackstone Group about a potential sale. Hilton Hotels, based in Beverly Hills, Calif., would continue to manage the properties under a long-term contract, the report, which cited an unnamed person, indicated.

Last month, Hilton Hotels said it would buy the lodging assets of the U.K.'s Hilton Group in a $5.71 billion deal to reunite the Hilton brand. Hilton International, a division of the Hilton Group, owns the rights to the Hilton brand outside the U.S. Hilton Hotels spun off Hilton International in 1964, but the companies have had a marketing arrangement since 1997.

Shares of Hilton Hotels were gaining 31 cents to $24.87.