The Firm represented Hilton Worldwide Holdings Inc. in connection with its initial public offering of 135,286,717 shares of common stock (including shares sold pursuant to the underwriters’ full exercise of their over-allotment option) at a public offering price of $20.00 per share. Hilton Worldwide’s $2.7 billion IPO is the largest in history by a hospitality company and the second largest U.S. IPO of 2013. Hilton Worldwide’s common stock began trading on the New York Stock Exchange under the ticker symbol “HLT” on December 12, 2013.
Hilton Worldwide, a Blackstone portfolio company, is one of the largest and fastest growing hospitality companies in the world, with 4,080 hotels, resorts and timeshare properties comprising 671,926 rooms in 90 countries and territories. Hilton Worldwide’s portfolio of 10 world-class brands includes luxury hotel brands, Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts, full-service hotel brands, Hilton Hotels & Resorts, DoubleTree by Hilton and Embassy Suites Hotels, focused-service hotel brands, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare brand, Hilton Grand Vacations.
The Simpson Thacher team included Josh Bonnie, Edgar Lewandowski, Josephine Djekovic, Matt Tappin and Mitchell Ryan (Capital Markets); Greg Ressa and Sas Mehrara (Real Estate); Brian Stadler and Chris May (M&A); Ellen Smiley and Amanda Weiss (Public Company Advisory Practice); John Hart, Seojung Park and Michael Cardella (Tax); Greg Grogan, Jennifer Pepin and Brittany McCants (Executive Compensation and Employee Benefits); and Adeeb Fadil and Timothy Mulvihill (Environmental). Jeanne Annarumma, Jennie Getsin, Samantha Himelman, Frank Kwok, Julie Levy, Jennifer Nadborny and James Rapp also provided invaluable assistance.