Does Blackstone own any utility companies?
Blackstone does not currently own Hilton, though it was the entity responsible for taking Hilton private in 2007. In a landmark $26 billion all-cash buyout deal, Blackstone acquired Hilton Hotels Corp., which at the time transformed Blackstone into the world's largest hotel owner. Over the following years, Blackstone systematically managed Hilton’s global expansion, operational restructuring, and financial performance. After successfully growing the company and taking it public again, Blackstone began selling off its ownership stake in stages. By the late 2010s, Blackstone had completely divested its remaining shares in Hilton, marking the end of one of its most high-profile and profitable private equity investments in the hospitality sector. Today, Hilton operates as an independent, publicly traded company with its own management structure and broad base of public shareholders.
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