Blackstone Group LP is planning its first sale of Hilton Worldwide Holdings Inc. shares, a step toward returning some cash to the buyout firm’s investors after the biggest initial public offering of a U.S. hotel company.
Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. to boost the profile of the project.
The flash of purple abayas at a conference in Saudi Arabia’s second-largest city, Jeddah, was more than a fashion statement. It’s a sign of the changes Jeddah is embracing as King Abdullah slowly loosens restrictions on women in his conservative land.
Yahoo! Inc. Chief Executive Officer Marissa Mayer, who has overseen an almost 150 percent stock rally fueled by her company’s stake in Alibaba Group Holding Ltd., is poised to pare that ownership -- a move that threatens to diminish the U.S. Web portal’s investor appeal.
Blackstone Group LP is in the spotlight as it prepares a record stock offering for the Hilton hotels chain. Its success building one of the nation’s biggest warehouse landlords has garnered far less attention.