Hot for Hotels

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Blackstone’s $26 billion bid for Hilton shows public markets may be undervaluing lodging stocks. Could Starwood or IHG be next?


That’s the conclusion many are drawing from a proposal to take the giant Hilton Hotels Corporation private in a $26 billion deal. The “big gap” between private and public markets “is not sustainable,” Robert LaFleur, an analyst with Susquehanna Financial Group, wrote in a report on Thursday. Either hotel stocks rise, or private equity will buy up the whole hotel space, he says.



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