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Extended Stay America Expects IPO to Reach $500 Million

When Extended Stay America, owned by Blackstone Group, Centerbridge Partners LP and Paulson and Co., filed plans for an initial public offering back in July, the company filed with a placeholder amount of $100 million. But according to this report ...

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Hilton Files for $1.25 Billion IPO

Hilton Files for $1.25 Billion IPO

Blackstone Group announced that Hilton Worldwide has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The offering is estimated at $1.25 billion, according to Bloomberg. The hotel operator ...

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REITs and the Recovery

Last May, Tom Baltimore, president and CEO of RLJ Lodging Trust, and his management team were engrossed in some strategic thinking. Part of the diverse business portfolio of The RLJ Companies, founded by Robert L. Johnson, who is probably best ...

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