Blackstone’s Hilton buy now looks risky

Last year, the Blackstone Group bought Hilton Hotels Corp. for $26 billion.
Today, with the downturn in the hotel market, banks that provided $20 billion
to finance the acquisition are worried. Blackstone sank $6 billion of equity
into the deal, and one risk the company faces is not raising enough capital in
the next five years, when they have to refinance the debt tied to the
acquisition.