China’s troubled airline-to-hotel conglomerate HNA Group is planning to sell “part or all” of its US$1.4 billion stake in U.S. hotel company Park Hotels & Resort Inc., according to a regulatory filing by the hotel chain. “The Reporting Persons have determined to pursue a sale, through one or more registered public offerings, of some or all of the Common Stock that the Reporting Persons currently hold,” Park Hotels stated in its filing. “The exact timing, manner and terms of any …

China’s HNA Will Sell $1.4B Stake in Park Hotels & Resort To Pay Down Debts appeared first on China Money Network.