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Hilton Hotels Corporation is owned by Blackstone Group. The company used to be owned by shareholders who were mostly the decendants of the company's founder, Conrad Hilton. Blackstone Group bought the company in 2007. shoredude2 Â· 8 years ago.
On December 12, 2013, Hilton again became a public company in its second IPO to raise an estimated $2.35 billion. The Blackstone Group holds a 45.8% stake in the company. Conrad Hilton founded the company in Cisco, Texas in 1919 and established headquarters in Beverly Hills, California from 1969 until 2009.