Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

HNA considering sale of its stake in Park Hotels & Resorts

12 March 2018 by
HNA considering sale of its stake in Park Hotels & Resorts

China's HNA Group is considering the sale of "some or all" of its 25% stake in Park Hotels & Resorts.

A filing by Park Hotels reads: "The reporting persons have determined to pursue a sale, through one or more registered public offerings, of some or all of the common stock that the reporting persons currently hold. The exact timing, manner and terms of any such sale would be subject to market conditions and other considerations."

Chinese tourism conglomerate HNA Group acquired the stake from affiliates of Blackstone as part of its $6.5b (£5.3b) deal to buy a 25% stake in Hilton in October 2016.

Hilton completed the spin-off of the bulk of its real estate business along with its timeshare business to create two new companies, Park Hotels & Resorts and Hilton Grand Vacations, last year.

Chinese company to buy 25% stake in Hilton in £5.3b deal >>

Hilton Worldwide to spin off real estate and timeshare businesses >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking