Blackstone Books Profit with Hilton Hotels

In six years, Blackstone Group has transformed Hilton Worldwide Holdings Inc. into the largest hotel company by rooms, more than doubling its $6 billion investment. The Wall Street Journal reports that the growth came not by expanding Hilton’s empire of company-owned hotels, but by renting out Hilton’s brand names such as Hilton Garden Inn and Doubletree to franchisees.