Home > Hotels > HNA puts $1.4 billion stake in Hilton spinoff up for sale

HNA puts $1.4 billion stake in Hilton spinoff up for sale

03/02/2018| 1:58:38 PM| 中文

Debt-laden Chinese HNA Group may sell its 25% stake in Park Hotels & Resorts which was bought last year in its latest asset sale.

HNA Group plans to sell as much as its entire $1.4 billion stake in Park Hotels & Resorts. as the debt-laden Chinese conglomerate speeds up asset disposals to repay debts.

The sale could involve some or all of HNA and its units’ 53.7 million shares, according to a regulatory filing in the U.S. Any disposal would be subject to market conditions, according to the statement.

Read Original Article

TAGS: HNA | Park Hotels & Resorts
©2017 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!