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Hedgetalk
by Alex Akesson on October 30, 2007

The Merger has been financed with $20.6 billion of mortgage and mezzanine debt financing and approximately $5.7 billion of equity invested by hedge funds affiliated with The Blackstone Group. As part of his new responsibilities, Nassetta will build up Hilton's luxury lines, aiming to "marry" the hotel's numerous lines, including embassy suites, Doubletree and Hampton Inn, with many of Blackstone's own hotels.
Acquisition financing was provided by Bear Stearns, Bank of America, Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley. Hilton Hotels Corporation is the leading global hospitality company, with 2,896 properties totaling approximately 490,000 rooms in 76 countries and territories.
More at HedgeCo.net.
Permalink: Hedge Fund Hires Head of Hilton
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