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Blackstone Not the Only One Buying Hilton


If you're not Stephen Schwarzman, don't fret- there's plenty more Hilton to be had.


As Option Monster's Jon "Dr. J" Najarian mentioned on the Buzz this morning:

"The unusual call buying in Hilton (HLT) from June 27th through July 3rd had telegraphed there was something brewing. Sure enough, CEO Stephen Bollenback has completed his biggest deal, selling HLT to Stephen Schwartzman's Blackstone (BX) for $26 billion."

Last year there were $72 bln of deals in the hotel sector. According to Jones Lang LaSalle Hotels (JLL), the leading hotel investment services, 2007 deals have now reached $82 bln with the Blackstone (BX) - Hilton (HLT) announcement.

Many believe that InterContinental Hotels Group (IHG) will be the next takeover target.

Under the terms of the deal, Blackstone will pay $47.50 per share, a 32% premium over Tuesday's close.

Blackstone's move has spurred activity across the entire sector:

Blackstone will take control of Hilton's flagship chain, the Waldorf-Astoria collection, plus a basket of value-priced hotels: Embassy Suites, Doubletree and Hampton Inn.

If you're not Stephen Schwarzman, don't fret-there's plenty more Hilton to be had. And it'll cost you far less than what Blackstone paid.

An outfit called is auctioning items taken from garbage cans outside Paris Hilton's house on North King's Road in the Hollywood Hills.

A Coca-Cola (KO) can discarded by Paris went for $51. Plus, it comes framed in a tasteful display case:

The gavel price on Paris's monogrammed pillowcase (her middle name is Whitney) was $97.01.

A pair of envelopes sent to Paris by fans while she was "on vacation" sold for $510. leaves no question about the provenance of the items. Take a look at this video:

If you weren't quick enough on the draw to score the soda can or the pillowcase, there are other gems going on the block shortly:

Paris's boarding pass

Paris's hair extensions

Paris's used anti-perspirant

Paris's used "cigarette" papers (for tobacco use only)

Paris's empty prescription bottle

And this:

Paris's foot-shaped something or other's website doesn't know what this last item is, but it's a gem of a find for any serious collector. Can you identify it?

If you can identify it, please contact me at

The first reader to solve the mystery wins a used take-out container from Minyanville founder/CEO Todd Harrison's wastebasket!
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