HNA Group wants to check out of Hilton

Following the shedding of assets in recent months to pay down debts, China’s heavily indebted HNA Group now plans to sell some or all of its US$6.3 billion stake in Hilton Worldwide Holdings, Reuters reported.

The sale was announced on Thursday through a regulatory filing with the US Securities and Exchange Commission, coming just after last month’s sale of stakes in two other Hilton-related companies: Park Hotels & Resorts and Hilton Grand Vacations.

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