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Hilton planned spin-offs

HILTON Worldwide Holdings today filed Form 10 Registration Statements with the US Securities and Exchance Commission, bringing the group one step closer to achieving its proposed new “simplified Hilton” business model. The submission will see the group’s timeshare business and the bulk of its real estate business separate into three distinct, publicly traded companies. Hilton Worldwide will spin-off its Hilton Grand Vacations timeshare business as a separate company, with the group to retain exclusive licensing agreements to market, sell and ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 03 Jun 16

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