Blackstone to unload up to 103.5M shares of Hilton stake

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

The sale could reduce Blackstone's (BX) stake in Hilton Worldwide (HLT) to roughly 66% from the current 76%, according to the S-1.

Hilton came public at $20 per share in December and closed at $23.43 last night. Blackstone didn't sell any shares in the IPO, but the lockup period expired earlier this week.