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Paris Hilton and Stephen Schwarzman?

By Muckety

June 27, 2007 at 1:01pm

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Paris Hilton may be on her way to becoming the Kevin Bacon of her generation.

How is the celebrity jailbird related to private hedge fund baron Stephen A. Schwarzman?

Through Hilton hotels, of course. Schwarzman’s company, Blackstone Group announced yesterday that it would buy the hotel chain for $18.5 billion plus debt. Blackstone already owns LaQuinta Inns and LXR Luxury Resorts.

On the web
Blackstone to Buy Hilton Hotels for $26 Billion - New York Times
Blackstone to Acquire Hilton - Wall Street Journal
Oracle of Bacon
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