Recently, it announced the $41 billion purchase of the Hilton chain of hotels. With this purchase, Blackstone now owns 700,000 hotel rooms across the globe.
Sounds suprisingly similar to McDonald’s modus operandi. McDonald’s owns prime location in most major cities on the planet. It rents the properties out to its franchises so basically its in the real estate business!
If Blackstone continues acquiring real estate it’ll probably end up with a similar model to Mickey D’s. Buying prime location with a business that pays the mortgage!