Hilton Announces Secondary Offering By China's HNA

By Dave Simpson
Hilton Announces Secondary Offering By China's HNA

Following the news that China's HNA Group was planning to sell some or all of its $6.3 billion stake in Hilton Worldwide Holdings Inc, the latter company has now said that a selling stockholder affiliated with the former group has commenced a secondary offering of about 63 million shares of Hilton common stock.

HNA Tourism Group, Hilton's biggest stockholder with a 26% stake, owned about 82.5 million shares as of Thursday April 5.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition. 

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