Blackstone group sells Hilton stake to China’s HNA
China’s aviation and shipping giant HNA Group extended its push into hotels and Chinese tourism on Monday, paying $6.5 billion to buy a 25 percent stake in Hilton Worldwide Holdings Inc (HLT.N) from biggest shareholder Blackstone Group LP (BX.N).
Hilton Announced Large Profits in the First Quarter of 2016
Hilton Worldwide announced 2016 1st quarter data on Wednesday, releasing an unexpected profit of $309 million for the first three months of the year.