HNA Group to Acquire 25% in Hilton Worldwide Holdings

Posted by
hilton-kuala-lumpur-welcome-note-and-gift-for-hhonors-gold-members

Hilton Kuala Lumpur

 

HNA Group, a regional airline based in Hainan Island turned global company with over US$90 billion in assets, will acquire around 25% equity interest in Hilton Worldwide Holdings Inc from affiliates of Blackstone. HNA groups is a long-term investor and strategic partner in this transaction.

The transaction is valued at around US$6.5 billion or US$26.25 per share in cash. ¬†Blackstone’s interest in Hilton reduces to around 21%. The transaction is expected to close on Q1 2017.

HNA will own approximately 25% of Hilton spinoffs of Park and Hilton Grand Vacations which are expected to happens end of this year.

Leave a Reply

Your email address will not be published.

superadrianme.com Webutation
Google+