HNA PLANS TO SELL 25% STAKE IN PARK HOTELS & RESORTS
The Chinese conglomerate HNA is planning to sell some or all of its 25% stake, valued at around $1.4 billion, in the American REIT Park Hotels & Resorts. In 2016, HNA acquired a 25% stake in Hilton Worldwide Holdings, which later led to a similar stake in Hilton spin-offs Park Hotels & Resorts and Hilton Grand Vacations. HNA, the owner of Radisson since 2016, is also currently looking to sell its 29.5% stake in Spain’s NH Hotel Group. It’s ownership of Radisson Hospitality (previously Carlson Hotels Inc) includes a controlling stake in Europe’s Rezidor, which was this week renamed Radisson Hotel Group.