Access the main content


Hilton's split goes into effect: hotel group, REIT and timeshares listed separately

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.

The American group has split into three listed companies, as planned. Park Hotels & Resorts Inc is a new REIT with a portfolio of close to 35,000 rooms in 67 upscale hotels and resorts previously operated by Hilton Worldwide. The new timeshare division, Hilton Grand Vacations, manages a portfolio of 46 resorts for 7,592 rooms in urban and leisure destinations including Hawaii, Orlando, New York and Las Vegas. Hilton Worldwide retains its role as hotel operator.

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.

Also read:

  • The Chinese group HNA buys 25% of Hilton Worldwide from Blackstone

Vous avez consulté 10 content. Go back home page or en haut de la page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?