Timing Isn't Always Everything in Real Estate, Says Blackstone's Gray

The transcript discusses the acquisition of Hilton Hotels, highlighting the strategic mix of real estate and corporate play. Despite the poor timing due to the 2008 financial crisis, the investment eventually succeeded, yielding significant returns. The speaker reflects on the importance of family support during tough times and shares insights on investing in fundamentally strong businesses with growth potential.

What factors contributed to the recovery of Hilton Hotel after the initial decline?

In what ways did the management team impact the success of the Hilton Hotel investment?