Backed by owner Blackstone Group, Hilton Worldwide filed for an initial public offering today. The Hilton filing with Securities and Exchange Commission revealed that the IPO was to raise up to USD 1.25 billion. This confirmed a Reuters report last month which said that Blackstone was planning to bring the hotel operator back to the stock market.

It can be recalled that Blackstone acquired Hilton in 2007. The deal, worth USD 26.7 billion deal, was considered as one of the largest leveraged buyouts before the onset of the 2008 financial crisis.

According to the filing, the lead underwriters for the IPO would be Deutsche Bank, Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch.

Hilton Worldwide's portfolio of hotels, timeshare properties and resorts includes Waldorf Astoria, Doubletree, Conrad, Homewood Suites, Embassy Suites, Home2Suites, Hampton Inn, Hilton Grand Vacations and Hilton Garden Inn. Hilton Worldwide operates in 90 countries and territories around the world.