China's HNA Group plans to sell stake in Park Hotels

China's HNA Group plans to sell stake in Park Hotels

Hilton, Orlando. Photo: Park Hotels website

Chinese conglomerate HNA Group Co Ltd, faced with liquidity concerns after debt-fuelled acquisitions, plans to sell some or all of its 25 percent stake in Park Hotels & Resorts Inc, the U.S. hotel chain said in a filing.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter