Tag: Hilton

Why Did Bill Ackman Buy into Hilton?

Hilton first got my attention earlier this year when Ackman doubled down. This was after his incredible timing (both with buying and selling) with his hedge, profiting over $2b (on a $27m premium) during the sharp drawdown in March. Because of its cyclical nature, a traditional hotel company's earnings are extremely lumpy. This begs the question—Why would Ackman be interested in Hilton?

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