China's HNA Group to buy 25% stake in Hilton for $6.5bn
China-based HNA Group is acquiring a nearly 25% of hotel chain Hilton Worldwide from investment banking group Blackstone in a deal valued at around $6.5 billion. The deal is expected to be completed in 2017. Notably, this is part of billionaire Chen Feng's target to make HNA one of the world’s top 100 companies by the end of this decade.