HNA Tourism Group, a Chinese conglomerate, reached a deal over purchase from Blackstone investment fund of 25 percent shares of Hilton Worldwide hotel chain, as it is stated in Hilton’s press release.
The Chinese investor has acquired 127,5 million shares for $6,5 billion, having paid $26,25 for each of them, what is 15% more than its stock pricing on Friday. Thus HNA Tourism Group is becoming the largest shareholder of this famous hotel chain.
Two of HNA Tourism Group’s representatives are expected to enter Hilton’s Board of Directors, while two Blackstone’s representatives will maintain their position in the Board.
On Monday, Hilton’s shares went up by 1,4%. We should remind you that the company owns over 4,700 real estate items in 104 countries.