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(Hilton)|category:(Industry Rankings|Food and beverage)

Hotel giant Blackstone plots a future for Hilton — with billions in backup |

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.

Hilton In Talks On £3.6bn Hotel Sale |

Hilton, the international hotel and gambling operator, is in advanced talks with Hilton Hotels Corporation of the US about a £3.6bn (€5.2bn) sale of its hotel business, in a deal that would see it split from Ladbrokes, the UK bookmaker the company owns.