It’s official: Hilton Worldwide’s mega commercial mortgage backed securitization weighs in at $3.5 billion. That would make it the largest CMBS since the credit crisis.

Hilton, which was taken private by the Blackstone Group in 2007, is in the process of refinancing all of its debt in preparation for an initial public offering of stock. Its IPO registration statement, filed with the Securities & Exchange Commission on Sept.  12, states that it will be issuing loans, bonds and a CMBS, but did not indicate the size of either. However, a presale report on the loans published by Standard & Poor’s today puts the size of the CMBS at $3.5 billion.

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