{"id":1004163360,"date":"2017-01-06T03:03:07","date_gmt":"2017-01-06T11:03:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163360"},"modified":"2022-12-08T02:51:13","modified_gmt":"2022-12-08T10:51:13","slug":"hilton-sees-triple","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hilton-sees-triple\/","title":{"rendered":"Hilton Sees Triple"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

McLean, Va. and Orlando<\/strong>\u2014Hilton Worldwide Holdings Inc. has wrapped up the spin-offs of Park Hotels & Resorts Inc. and Hilton Grand Vacations Inc. The move leaves three independent, publicly traded companies as leaders in the rapidly evolving hospitality sector<\/a>.<\/p>\n

\"Christopher<\/a>

Christopher Nassetta, Hilton Worldwide<\/p><\/div>\n

Post separation, century-old Hilton continues to stand tall. \u201cThese spin-offs are an important milestone in Hilton\u2019s continued evolution as the world\u2019s most hospitable company,\u201d Christopher Nassetta, Hilton president & CEO, said in a prepared statement. \u201cThe new Hilton is a fee-based, capital efficient and resilient business with tremendous growth potential around the world. We believe this will result in opportunities for our team members and meaningful returns for our hotel owners and shareholders.\u201d<\/p>\n

Hilton\u2019s offshoots take their place on the lodging landscape as two strong companies, well positioned in their respective niches. Park Hotels takes on the title as one of the largest lodging REITs, offering an international portfolio of 67 premium-branded hotels encompassing more than 35,000 guestrooms. Grand Vacations, with a 25-year presence in the global timeshare sector, continues as a leader in the industry, marketing vacation ownership intervals and managing 46 resorts in premier leisure markets and top urban locales.<\/p>\n

For all their differences, the three companies do have a common goal: growth. And each has the leadership in place to guide the way. Nassetta continues to lead Hilton; Thomas Baltimore, Jr., heads Park Hotels as president & CEO; and Mark Wang is holding the reins at Grand Vacations as president & CEO.<\/p>\n

During Hilton\u2019s Investor Day presentation on December 6, 2016, a day after the company\u2019s Board of Directors approved the spin-offs<\/a>, Nassetta summed up expectations for the separation. \u201cI think we’re at the beginning of the next leg in the journey which is really the leg that I think allows us, through three independent companies, to fully maximize value, frankly in ways that as a combined company we just couldn’t do,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The century-old global hospitality company has completed the spinoffs of Park Hotels & Resorts and Hilton Grand Vacations.<\/p>\n","protected":false},"author":969,"featured_media":1004163401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,16,23891,21742],"tags":[33362,32805,33024,33364,33363],"class_list":["post-1004163360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-international","category-national","category-latest","tag-christopher-nassetta","tag-hilton","tag-hilton-grand-vacations","tag-mark-wang","tag-thomas-baltimore"],"acf":[],"yoast_head":"\nHilton Sees Triple - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hilton-sees-triple\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hilton Sees Triple\" \/>\n<meta property=\"og:description\" content=\"The century-old global hospitality company has completed the spinoffs of Park Hotels & Resorts and Hilton Grand Vacations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hilton-sees-triple\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-06T11:03:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:51:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Christopher-Nassetta-Hilton-Worldwide-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"722\" \/>\n\t<meta property=\"og:image:height\" content=\"542\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hilton-sees-triple\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hilton-sees-triple\/\",\"name\":\"Hilton Sees Triple - 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