Global/Corporate News

Hilton Files Form 10 Registration Statements For Planned Spin-Offs

Hilton takes important step in separating into three independent, pure play, market-leading public companies; Transactions expected to be completed by end of year

June 02, 2016

MCLEAN, Va. - Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced that Form 10 Registration Statements have been filed today with the U.S. Securities and Exchange Commission (SEC) for its timeshare business and the bulk of its real estate business in connection with the previously announced plans to pursue a separation into three distinct, publicly traded companies.

The filings provide detailed information on the business, strategy and historical financial results of both entities on a “carve-out” basis, as well as further details on license and management agreements between the companies going forward. The filings will be updated with additional information in subsequent amendments as further information on the transactions is finalized prior to separation, which is expected to be completed by the end of the year.

"The filing of the Form 10 Registration Statements is an important milestone in simplifying Hilton to a capital-light, fee-based business, while fully activating our real estate and timeshare businesses as stand-alone companies," said Christopher J. Nassetta, President & Chief Executive Officer of Hilton. “As a result of the proposed transactions, we expect to unlock growth opportunities that are embedded within the three businesses and take advantage of capital market and tax efficiencies. We look forward to completing the spins later this year, realizing significant benefits for all three companies and continuing to generate long-term value for Hilton shareholders."

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