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Blackstone Selling 25% Stake in Hilton to China’s HNA Group for $6.5 Billion

Deal Comes Just Before Hilton’s Spinoff of Parks Hotels and Grand Vacations Businesses
CoStar News
October 24, 2016 | 3:57 P.M.

Translated from English.

Beijing-based HNA Group has acquired a 25% equity interest in Hilton Worldwide Holdings Inc. (NYSE: HLT) from The Blackstone Group (NYSE: BX) for $6.5 billion, reducing Blackstone’s stake in Hilton to 21%.

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