HNA Group Co. is seeking to sell some or all of its stake in Hilton Worldwide Holdings Inc., part of a global asset purge by the debt-laden Chinese conglomerate.
HNA disclosed its intention to sell the hotel company shares in a regulatory filing Thursday. The firm owns 26 percent of Hilton’s stock, or 82.5 million shares with a market value of about $6.5 billion. It has already disposed of its stakes in two of the hotel operator’s spinoffs. Hilton shares rose 1.3 percent to close at $79.04 in New York.