China HNA Group Sell Its Stake In Hilton Grand Vacations Inc.

- Mar 15, 2018-

Chinese HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc (HGV.N). 

It is the latest attempt by HNA. 

Its restructuring drive follows a $50 billion acquisition spree in the last two years, which has sparked scrutiny of its opaque ownership and use of leverage. 

HNA bought a 25 percent stake in hotel chain Hilton Worldwide from Blackstone Group (BX.N) in 2016.