Hilton Hotels has decided to split into three publicly traded companies.The hospitality industry titan will divide itself into:
1.A real estate investment trust;
2.A hotel management firm;and
3.A time share company,Hilton Grand Vacations.
Hilton actually owns only a small selection of its 4600 branded hotels.With this plan,it wants to lower taxes and increase shareholder value.
About seven years ago,the company moved from Beverly Hills,California to Maclean,Virginia near Washington,DC.*
Hilton Hotels (H)
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