Navigate Yoozpaper

Yoozpaper Front Page
The Yoozpaper
Yoozer Profile
Shared Paper
Shared Paper
Create Newspaper
Create Paper
Create Customized Paper
Custom Paper
Create Album
Create Album
Yoozer Notifications
Edit Profile
Edit Profile

Login on Yoozpaper Facebook Login

Impending Spinoffs Projected to Boost Hilton's Value by 25 Percent

Written by on

Impending Spinoffs Projected to Boost Hilton

0 YOOZ this

PHOTO: The Hilton Bandung in Indonesia. (Photo via Flickr/Zul Rosle) 
The Numbers Behind Hilton's Expanded Soap Recycling Program
Former Hilton CEO Stephen F. Bollenbach Passes Away at 74
China's HNA Group to Acquire 25 Percent Stake in Hilton
Hilton Tips Its Hat to Travel Agents With WowMakers...
9 Seasonal Cocktails to Try in Florida this Fall
According to a recent report from financial newspaper Barron's, Hilton Worldwide's value could increase by as much as 25 percent when it completes its planned split into three separate companies.
Citing Barron's, Reuters reported the split is expected to boost Hilton's earnings and cash flow. The company is also expected to benefit from expansion in key markets around the world. 
The McLean, Virginia-based company expects to complete the spinoffs of Park Hotels & Resorts and Hilton Grand Vacations by the end of the year.
In February, Hilton confirmed plans to spin off approximately 70 properties into a real estate investment trust in a move aimed at improving shareholder value since real estate investment trusts typically pay fewer corporate taxes and trade at higher multiples of their earnings compared to their parent companies.
READ MORE: Hilton to Spin Off Real Estate, Timeshare Businesses
The company also revealed plans to spin off its timeshare business, Hilton Grand Vacations, into a separate publicly-traded company.
Last week, Hilton said the spinoffs remain on pace to be completed by the year's end and announced a cut in its profit forecast, with CEO Christopher Nassetta citing "a macroeconomic environment that continues to underperform expectations," according to the Wall Street Journal. Afterward, the company's share price reached its lowest level in four months.
Earlier this month, China's HNA Group agreed to acquire 25 percent of Hilton and its planned spinoffs from affiliates of the Blackstone Group in a deal valued at $6.5 billion.
Follow @_Pat_Clarke

This is from | by Hotel & Resort

It is from

Return to Travel Pulse News.

Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

Articles Of The Week

As Donald Trump threatened North Korea with 'fire and fury,' Justin Trudeau quietly got an imprisoned Canadian released

After 'horrible' spring, Dwayne Allen knew he had to be in better condition

Guide to Purchasing a Juicer

'Package for outrage'

Young bucks