Hilton Split-Legacy Helps Vacation Ownership Stand Alone

On January 4, Hilton Worldwide spun off into three separate and simplified publically traded companies – all motivated by goals to capitalize on growth opportunities, as well as create greater efficiencies and shareholder values. The results: Hilton, the fee-based management and franchise company; Park Hotels & Resorts, a REIT with 67 hotels and more than 35,000 rooms; and Hilton Grand Vacations, managers of 46 resorts for which it markets and sells vacation ownership intervals.

HOTELS’ Investment Outlook talked to the CEOs of all three companies – Hilton’s Chris Nassetta, Park’s Tom Baltimore and HGV’s Mark Wang – to learn more about their individual opportunities and challenges. Today, HOTELS features the interview with Wang; read the interviews with Nassetta and Baltimore that ran earlier this week.

Source: HOTELSMag.com

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