Hotels sector boosted by Hilton deal

The £10bn (€14.9bn) takeover of hotels giant Hilton prompted investors in London to go on a shopping spree for other shares in the sector today.

Hotels sector boosted by Hilton deal
Wed, 04 Jul, 2007 - 20:19

The £10bn (€14.9bn) takeover of hotels giant Hilton prompted investors in London to go on a shopping spree for other shares in the sector today.

In the largest ever buy-out in the industry, private equity giant Blackstone will pay around $20bn US (€14.7bn) for Hilton Hotels Corporation (HHC) – making it the world’s biggest hotels owner.

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