hgv
Hilton Completes Spin-off of Park Hotels & Resorts and Hilton Grand Vacations
Hilton | January 4, 2017
MCLEAN, Va. and ORLANDO, Fla. - Hilton Worldwide Holdings Inc. (NYSE: HLT) ("Hilton") today announced the completion of the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV"), resulting in three independent, publicly traded companies. Park and HGV will begin "regular way" trading on the New York Stock Exchange (NYSE) today, January 4, 2017, under the ticker symbols "PK" and "HGV," respectively. Hilton also effected a previously-announced 1-for-3 reverse stock split, and will continue to trade on the NYSE under the ticker symbol "HL...
HNA Group Makes Strategic Investment in Hilton with Acquisition of 25% Equity Interest from Blackstone
HNA Group | October 24, 2016
MCLEAN, Va., BEIJING and NEW YORK - Hilton Worldwide Holdings Inc. (NYSE: HLT) ("Hilton"), HNA Group ("HNA") and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton's planned spin-offs of Park Hotels & Resorts ("Park") and Hilton Grand Vacations ("HGV"). The transaction is valued at approximately $6.5 billion, or $26.25 per share in cash, reducing Blackstone's interest in Hilton to approximately 21 percent. The transaction is expe...
Hilton Files Form 10 Registration Statements for Planned Spin-Offs
Hilton | June 2, 2016
Hilton takes important step in separating into three independent, pure play, market-leading public companies Transactions expected to be completed by end of year MCLEAN, Va. - Hilton Worldwide Holdings Inc. (NYSE: HLT) ("Hilton") announced that Form 10 Registration Statements have been filed today with the U.S. Securities and Exchange Commission (SEC) for its timeshare business and the bulk of its real estate business in connection with the previously announced plans to pursue a separation into three distinct, publicly traded companies. The filings provide detailed information on the business, strategy and historical financial resu...
