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Search results for “Blackstone”
Blackstone acquires Hilton
07/09/2007
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9:07:00 AM
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Hilton Hotels Corporation has entered into a definitive merger agreement with The Blackstone Group’s real estate and corporate private equity funds in an all-cash transaction valued at approximately $26 billion. Under the terms of the agreement, Blackstone will acquire all the outstanding common stock of Hilton for $47.50 per share. The price represents a premium of 40% over yesterday’s closing stock price.
Travelport CEO sees no major travel slowdown: media
01/25/2008
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10:19:00 AM
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Travelport sees no major impact on travel as a result of an economic slowdown, according to a report from Reuters. (1/23/2008)
Hotel Transactions Set for Another Record Year
08/22/2007
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9:44:00 AM
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Jones Lang LaSalle Hotels has estimated that US$110 billion worth of global hotel transactions could be completed by the end of 2007. This represents a 52% rise on last year's record-breaking figure of US$72.5bn, proving that investors' appetite for the hotel sector remains at an unprecedented high level.
Hilton sold to Galileo owner for $26bn
07/05/2007
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9:37:00 AM
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04 July, 2007: US private equity group Blackstone - owner of Galileo, Gullivers and Orbitz - is to buy Hilton Hotels Corporation in a $26 billion cash deal.
Orbitz files for IPO
05/15/2007
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5:22:00 PM
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May 11, 2007: Private-equity firm Blackstone Group is taking Orbitz Worldwide Inc. public less than a year after it acquired the online travel company through its $4.3 billion (€3.18 billion) acquisition of Travelport.
Travelport manages $83 million of annualised run rate savings
03/20/2007
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4:07:00 PM
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Travelport Limited posted $593 million in net revenue and $67 million in EBITDA in the fourth quarter (ended December 31, 2006). (3/16/2007)
IPO being planned for Orbitz?: media
01/30/2007
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9:48:00 AM
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US private equity firm The Blackstone Group is reportedly planning to list online business Orbitz.com less than six months after taking private its parent company Travelport. (1/25/2007)
Hyatt Rolling Out Extended Stay Places
01/30/2007
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10:07:00 AM
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JANUARY 23, 2007 -- Hyatt Place, an extended stay brand that Global Hyatt Corp. introduced last year, will break ground on five new hotels.
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