Blackstone to realize $14 bln on Hilton investment: Bloomberg

Blackstone Group is exiting Hilton Worldwide Holdings Inc after 11 years. BX agreed to sell 15.8 million shares of Hilton common stock in privately negotiated transactions. The sale was valued at about $1.3 billion, Bloomberg said. With the sale, Blackstone is exiting Hilton after 11 years and will realize $14 billion in profit, more than tripling its initial investment, the story said.