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.