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Hilton Worldwide to Become Separate from Hilton Grand Vacations

Hilton Worldwide announced plans for spinning off its timeshare business, Hilton Grand Vacations (HGV), as a separate publicly traded company. Hilton Worldwide is also turning the majority of its real estate business into a publicly traded real estate investment trust (REIT). This will make it the largest and most geographically diversified publicly traded lodging REIT. [Read more…]