Hilton Board of Directors Approves Spin-off of Park Hotels & Resorts and Hilton Grand Vacations

Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) today announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts Inc. (“Park”), which will become the holder of a portfolio of hotels and resorts previously held by Hilton, and Hilton Grand Vacations Inc. (“HGV”),…