The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.7 billion secondary offering by certain selling stockholders affiliated with The Blackstone Group L.P., consisting of 90,000,000 shares of common stock at a public offering price of $29.85 per share.
Hilton Worldwide is one of the largest and fastest growing hospitality companies in the world, with more than 4,350 managed, franchised, owned and leased hotels, resorts and timeshare properties comprising more than 720,000 rooms in 94 countries and territories. Hilton Worldwide’s portfolio of 12 world-class brands includes luxury and lifestyle hotel brands, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and Canopy by Hilton; full-service hotel brands, Curio – A Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton and Embassy Suites Hotels; focused-service hotel brands, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton and Home2 Suites by Hilton; and timeshare brand, Hilton Grand Vacations.
The Simpson Thacher team included Josh Bonnie, Edgar Lewandowski, Jonathan Pacheco and Daniel Honeycutt (Capital Markets); John Hart and Michael Cardella (Tax); Gregory Ressa, Sasan Mehrara and Erik Quarfordt (Real Estate); Adeeb Fadil and Timothy Mulvihill (Environmental); Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).