Hilton $4.8 Billion Secondary Offering

Davis Polk advised the several underwriters in connection with the $4.8 billion secondary offering of 66,000,000 shares of common stock of Hilton Worldwide Holdings Inc. by a selling stockholder affiliated with HNA Tourism Group Co., Ltd., which included the full exercise of the underwriters’ option to purchase additional shares. Hilton’s common stock is traded on the New York Stock Exchange under the symbol “HLT.”

Hilton is a global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 850,000 rooms in 105 countries and territories.

The Davis Polk corporate team included partner Shane Tintle and associates Dan Gibbons, Jacqueline Marino and Milson C. Yu. Counsel Loyti Cheng provided environmental advice. Partner Po Sit provided tax advice. All members of the Davis Polk team are based in the New York office.