The Blackstone Group, a global private
equity firm that has been involved in several large travel company
acquisitions over the years, is preparing to go public.
The firm filed a
registration statement with the Securities and Exchange Commission
for a proposed initial public offering. The firm said it also
intends to apply to list on the New York Stock Exchange.
Over the past two
years, the Blackstone Group has acquired or sold several travel
include Travelport (purchased for $4.3 billion), the MeriStar
Hospitality Corp. (purchased for $2.6 billion) and the La Quinta
Corp. (purchased for $34 billion).
It also sold the
Dallas-based Wyndham hotel chain to Cendant for $101 million and
the Budgetel hotel brand, once part of La Quinta, for an
undisclosed sum to a private group of investors.
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to Michael Milligan at [email protected].