Davis Polk advised the underwriter in connection with the $1.3 billion secondary offering of 55,000,000 shares of common stock of Hilton Worldwide Holdings Inc. by certain selling stockholders affiliated with The Blackstone Group L.P. Hilton’s common stock is traded on the New York Stock Exchange under the symbol “HLT.”
Hilton Worldwide is one of the largest and fastest growing hospitality companies in the world, with 4,820 hotels, resorts and timeshare properties comprising 788,864 rooms in 104 countries. Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences.
The Davis Polk corporate team included partner Michael Kaplan, counsel Marcel Fausten and associates Milson C. Yu and Chris Van Buren. Counsel Loyti Cheng provided environmental advice. Partner Po Sit and associate Mahalia S. Burford provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.