The selected banks are Deutsche Bank, Goldman Sachs, Bank of America and Morgan Stanley, according to Bloomberg.

Blackstone made Hilton its `own` when it bought all of the hotel operator’s shares in 2007. With $26.7 billion, this was the largest hotel purchase in the world at that time, according to Bloomberg.

In April, Blackstone also intended to spend $25 billion to acquire the famous computer manufacturer Dell.

Hilton Worldwide will have a billion-dollar IPO early next year.

Recently, companies like Blackstone are increasingly selling shares in the businesses they acquire, as US stocks continue to prosper, making investors increasingly excited about the market.

Although Blackstone has not disclosed Hilton’s expected value or how many shares it wants to sell, CreditSights analyst Chris Snow estimates this will be a `multi-billion dollar` deal.

Hilton was once considered an example of recklessness when buying a large company with borrowed capital.

Blackstone is also one of the world’s largest real estate owners. Last month, the company filed for an IPO for the Extended Stay America hotel chain.

Earlier this week, Blackstone also chose JPMorgan and Morgan Stanley as underwriters for the low-cost hotel chain La Quinta Inns & Suites with an estimated value of $4.5 billion.

However, Hilton’s scale is much larger.