Private Equity-owned Companies in Times Square 

234 W 42nd St . ; 790 8^th Ave.; 1335 Avenue of the Americas.

Private equity owner: Blackstone (pending)

Deal announced: July 2007

Proposed value: $26 billion

Employees: 72,000

In one of the buyout boom’s most recent blockbuster deals, Blackstone Group is taking over ownership of the prestigious Hilton Hotel chain in a July 2007 deal valued at $26 billion. How the deal will impact the inheritance of troubled Hilton family heiress, Paris Hilton, remains unclear.