Hilton Worldwide Holdings Inc is in talks to purchase four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. Hilton shares closed down nearly a percent at $25.99 on the New York Stock Exchange on Wednesday.The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing two people with knowledge of the talks. (bloom.bg/1vFt0Jz)Officials at Hilton were not immediately available for comment, while Blackstone declined to comment.Hilton may pay as much as $550 million for Parc 55 Wyndham, Bloomberg reported, citing one of the two people.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.41% or $0.14/share to $34.03. In the past year, the shares have traded as low as $26.56 and as high as $36.08. On average, 5004090 shares of BX exchange hands on a given day and today's volume is recorded at 5928892.
Hilton Worldwide Holdings Inc. is a hospitality company. Shares of HLT fell by 0.91% or $-0.24/share to $25.99. In the past year, the shares have traded as low as $20.55 and as high as $26.49. On average, 5711390 shares of HLT exchange hands on a given day and today's volume is recorded at 2987961.
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