HILTON: TRICK OR TREAT - A LITTLE OF BOTH

CALL TO ACTION

Hilton Worldwide will report Q3 2014 results tomorrow and we expect another beat and raise event (the treat).  However, we also very shortly expect a Halloween surprise – a secondary equity offering of 90 million shares by Blackstone (the trick). We reiterate our positive view on Hilton and the lodging sector but remind investors to be sensitive to event timing.

Please see our note 

http://docs.hedgeye.com/HE_HILTON_TrickOrTreat_10.30.14.pdf