Hilton REIT Reportedly in the Works
Hilton Worldwide Holdings Inc. may announce plans to spin off its hotel properties into a real estate investment trust, or REIT, early next year, CNBC reported today, citing a Dow Jones report.
The news caused Hilton’s shares to surge in late afternoon trading.
Hilton CEO Christopher Nassetta told CNBC that the company has been considering the REIT since June, which already has received approval from the IRS.
Hilton Worldwide brands include the Waldorf Astoria, Hampton Inn, and DoubleTree.

