hna group
HNA Group Issues Statement on Succession and Governance
July 6, 2018
HAIKOU, China—July 6, 2018—HNA Group ("HNA") today issued the following statement regarding the company's succession and governance following the death of its co-founder and Chairman, Wang Jian: "HNA Group's Board of Directors recently met and has reaffirmed its commitment to the orderly continuity of the company's strategy and operations, under the leadership of Chairman Chen Feng and Chief Executive Officer Adam Tan. The Board has determined that Chairman Chen will assume the duties of Chairman Wang. Adam Tan will continue to serve as Chief Executive Officer. HNA's Board and senior management team are comprised of talented...
HNA Group Announces Death of Chairman Wang Jian in an Accident in France
July 5, 2018
HAIKOU, China--HNA Group today announced with great sadness the tragic and sudden death of its co-founder and Chairman, Wang Jian, age 57, in an accident in Provence, France. Mr. Wang was in France on a business trip. HNA Group's board and management team, led by co-founder and Chairman Chen Feng and CEO Adam Tan, issued the following statement: "HNA Group extends deepest condolences to Mr. Wang's family and many friends. Together, we mourn the loss of an exceptionally gifted leader and role model, whose vision and values will continue to be a beacon for all who had the good fortune to know him, as well as for the many others whose ...
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...
HNA Sends Letter to NH Hotel Shareholders
HNA Group | July 28, 2016
MADRID -- HNA Group ("HNA") today issued the following letter to NH Hotel Group ("NH Hotel") (BME:NHH) shareholders: Dear Fellow Shareholder, Hesperia and Oceanwood, combined holders of at least 21% of the outstanding share capital of NH Hotel, have seized full control of the NH Hotel Board of Directors and management team, and are acting in concert to advance their own interests against those of NH Hotel's minority public shareholders. Accordingly, HNA believes Hesperia and Oceanwood have formed a cabal and should be required to launch a tender offer to acquire all NH Hotel shares at the price mandated by relevant regulations...
NH Hotel Group CEO Ousted at Shareholder’s Meeting and HNA Group Board Representatives Replaced
HNA Group | June 23, 2016
MADRID--(June 23, 2016) - HNA Group ("HNA") today issued the following letter to NH Hotel Group ("NH Hotel") shareholders: Dear Fellow Shareholder, Three years ago, HNA Group rescued NH Hotel Group from the brink of failure by providing a necessary capital infusion. In the time since, we have advocated for the best interests of all NH Hotel shareholders, supported management in the execution of its Five-Year Plan, and worked with the Board to develop full participation by independent directors. We are disappointed to have been disenfranchised of our fundamental rights as a shareholder under the Spanish Good Governanc...
Owned by HNA Group, 406-Room Hilton Haikou Opens in Hainan Island’s Tallest Building
Hilton Hotels & Resorts | March 21, 2016
HAIKOU, China and MCLEAN, Va. - Hilton Worldwide (NYSE: HLT) and Hilton Hotels & Resorts today announced the opening of Hilton Haikou, the eighth Hilton Worldwide hotel on Hainan Island and the first internationally-branded hotel in Haikou's central business district. Hilton Haikou is operated by Hilton Worldwide and owned by HNA Group, a Fortune 500 company. "We are pleased to add Hilton Haikou to our growing portfolio in Hainan. It reflects our confidence in the buoyant Hainan market and continues our rapid pace of development in China," said Bruce McKenzie, senior vice president of operations, Greater China & Mo...
Crescent Hotels & Resorts to Manage Palisades Conference Center in New York
Crescent Hotels & Resorts | February 12, 2016
Palisades, New York -- HNA Group has completed the acquisition of International Business Machines' (IBM) 106-acre, 450,000-square-foot Palisades Conference Center, located 20 miles north of Manhattan, as a resource and training center for HNA Group's global executive team. The conference center property is located at 334 Route 9W Palisades, New York 10964. Terms of the transaction were not disclosed. The conference center will now be known as the HNA Palisades Premier Conference Center. HNA has retained Crescent Hotels & Resorts to manage the property on its behalf. HNA Group is a global multinational with interests in airport s...
