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).
Hotel owners in New York and Chicago challenged Marriott’s acquisition of Starwood
According to announcement from March 21, 2016 Marriott has won the takeover of Starwood by proposing revised bid. Hence, by accomplishing this stage Marriott will hold a status of largest global hotel operating company.