Hilton to Spin Off Hotel Properties, Timeshares Separately

Hilton Worldwide Holdings Inc., the world’s largest operator of hotel rooms, said it will continue to pursue spinoffs of its hotel properties and timeshare business to boost shareholder value.

The move will result in three separate companies, Hilton said in a statement on Friday. The properties will be spun off into a publicly traded real estate investment trust, while the timeshare business Hilton Grand Vacations will become a separate publicly traded company. [Read More]