Originally Posted by
SimpleManToo
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.
Forget about the frequent guests -- Blackstone doesn't have the long-term interest of Hilton hotels in mind as long as it can create whatever conditions that allow it to project an
image of Hilton having significantly greater long-term value to Hilton's future owner(s) than Hilton had when Blackstone acquired its controlling stake and "fixed" it for sale.