Blackstone cares Not about FT members and probably does not think the loss of business will be significant. After all, they are a Leverage Buyout Ogranization (Think Barbarians at the gate).

Devaluation was inevitable to make the balance sheet look better. HH members need to send a message Loud and Clear and switch to other programs just to draw the attention of Hilton but remember Hilton is only One of Blackstone's companies and it's goal may be to make them more profitable at the expense of frequent guests.