China’s HNA to exit Hilton Grand investment in restructuring drive

The logo of Hilton hotel is seen in Batumi, Georgia, May 2, 2016. REUTERS/David Mdzinarishvili/File Photo

Chinese conglomerate HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc, the timeshare business spun off last year from U.S. hotel chain Hilton Worldwide, Hilton Grand said on Tuesday.

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