HNA Group to sell 26% stake in Hilton to pay off massive debt

HNA Group to sell 26% stake in Hilton to pay off massive debt

Hilton’s largest shareholder, China-based HNA Group, is selling its 26% stake in the hotel chain as it succumbs to the pressure of the Chinese government to pay its huge debt. Hilton made headlines last month when it announced that it is cutting its group bookings commission for travel partners. Now, the hotel chain is facing […]

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Source: traveldailymedia