Hotel giant Blackstone plots a future for Hilton — with billions in backup | skift.com
In 2009, when Blackstone relocated Hilton Worldwide’s headquarters from Beverly Hills to McLean, Virginia, on the outskirts of Washington, D.C., it was much more than a change of scenery and address. Acquired by Blackstone for nearly $27 billion a couple of years earlier, Hilton had been languishing, falling behind better-positioned chains such as Marriott and InterContinental, and was in dire need of a dramatic change in management culture from a laid-back California style to a more professional and analytic approach.
