Hilton Worldwide Holdings today announced that its board of directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts, which will become the holder of a portfolio of hotels and resorts previously held by Hilton, and Hilton Grand Vacations, Hilton’s timeshare business. The spin-off transactions are expected to be completed on Jan. 3, and Park and HGV will begin regular-way trading on the New York Stock … Continue reading Hilton Board Approves Spin-off of Park and HGV