On January 4, Hilton Worldwide spun off into three separate and simplified publically traded companies – all motivated by goals to capitalize on growth opportunities, as well as create greater efficiencies and shareholder values. The results: remain-co., the fee-based management and franchise company now simply known as Hilton; a REIT, Park Hotels & Resorts, with 67 hotels at the time of the split and more than 35,000 rooms; and Hilton Grand Vacations, managers of 46 resorts for which it markets and sells vacation ownership intervals.
HOTELS’ Investment Outlook talked to the CEOs of all three companies – Hilton’s Chris Nassetta, Park’s Tom Baltimore and HGV’s Mark Wang – to learn more about their individual opportunities and challenges. Today, HOTELS features the interview with Nassetta. In the following days, HOTELS will feature the interviews with Baltimore and Wang.