Announced nearly a year ago, the split of the second hotel group worldwide into three independent listed companies just took place: Hilton (operations), Park Hotels & Resorts (real estate) and Hilton Grand Vacations (timeshare). An anticipated strategic operation.
This operation was revealed last February for the publication of its annual results. Hilton Worldwide shareholders thus received two shares in Park Hotels & Resorts for and one share of HGV for every ten shares of Hilton. At the same time the number of shares in Hilton Worldwide was divided by three. Hilton wishes to distribute 3 to 4.5 billion dollars to its shareholders between 2017 and 2019 according to Les Echos. After Marriott made Host Hotels & Resorts a REIT in 1999, Hilton in turn created its own separately listed REIT. Will other hotel groups follow suit?
As of January 1, 2016, Hilton Worldwide ranked second in the global ranking of hotel groups with 4,565 properties totaling 751,350 rooms, according to data published by Hospitality ON.
- The Chinese group HNA buys 25% of Hilton Worldwide from Blackstone
Already signed up? Already signed up? Already signed up? Already registered? Login!