- There's nervous action in hotel stocks after Blackstone (BX -0.2%) files for an IPO of Hilton Worldwide, as the P-E giant is not in the habit of selling at bottoms (though it has been known to buy at tops: Hilton was purchased for $26B in 2007).
- Given 2012 EBITDA of about $2B, MLV's Ryan Meliker estimates Hilton will have an enterprise value of $26B-$27B, making it the largest hotel chain in the world based on market cap.
- Two other Blackstone-backed companies - SeaWorld (SEAS) and Pinnacle Foods (PF) - are holding their own since IPOs earlier this year.
- Marriott (MAR -1%), Hyatt (H -1.7%), Starwood (HOT -0.7%). Strategic (BEE -1.1%).
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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