HNA Group to Acquire 25% in Hilton Worldwide Holdings

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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.

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