Publications & News

WilmerHale Reps Hilton Special Committee in $6.5B Investment by HNA Group

November 9, 2016

Hilton Worldwide Holdings Inc., HNA Group and Blackstone announced that HNA will acquire approximately 25% equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton's planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations.  
 
The transaction is valued at approximately $6.5 billion, reducing Blackstone's interest in Hilton to approximately 21%. The transaction is expected to close in the first quarter of 2017.
 
The WilmerHale deal team was led by Partner Mark Borden and included Partners Jay Bothwick, Julie Hogan Rodgers, Bill Caporizzo, Erika Robinson, Jonathan Wolfman, Hartmut Schneider, Ben Powell, Jason Chipman; Counsel Eric Hanson; and Associate Cynthia Moon.
 
Read the formal press release for more information.