• 1-800-123-789
  • info@webriti.com

HNA to sell stake in Park Hotels for $1.24B

HNA to sell stake in Park Hotels for $1.24B

HNA Group’s selling spree continues. The Chinese conglomerate officially put most of its stake in Hilton spinoff Park Hotels & Resorts up for sale on Tuesday and stands to make $1.24 billion. The Chinese conglomerate is looking to sell 34.5 million shares at $25.75 each, or about $888 million in total, Park Hotels said in a statement. The secondary offering is expected to close March 9. Meanwhile, Park Hotels is buying back another 14 million […]


Source: realdeal

Admin

Leave your message