中国企业集团——海航集团(HNA Group)继续进军休闲产业——斥资65亿美元收购希尔顿(Hilton) 25%的股份。这将为正在寻求利用中国游客增长收入的海航集团扩大酒店投资组合。
China conglomerate HNA Group has extended its push into the leisure industry with a deal to snap up a 25 per cent stake in Hilton for $6.5bn, adding to a portfolio of hotel investments as it seeks to tap growing revenues from Chinese tourists.
根据协议，海航将以每股26.25美元——相比希尔顿上周五的收盘价有14.5%的溢价——从私人股本集团黑石(Blackstone)手中收购美国酒店连锁品牌希尔顿的股份，使得黑石在希尔顿的持股比例降至21%。
Its deal to buy the stake from private equity group Blackstone values the US hotel chain at $26.25 a share — a 14.5 per cent premium to Hilton’s closing price on Friday — and cuts Blackstone’s interest in Hilton to 21 per cent.
海航的目标是通过在酒店、航空公司及基础设施领域的一系列并购，进一步扩大对中国出境游热潮的敞口。投资希尔顿是其中的最新一笔。
For HNA, the investment marks the latest in a series of deals designed to give exposure to Chinese outbound tourism — through acquisitions in the hospitality, airlines and infrastructure sectors.
海航今年4月收购了雷迪森(Radisson)连锁酒店的东家——卡尔森酒店(Carlson Hotels)，去年获得了Red Lions Hotels的少数股权。入股希尔顿将让海航借助总裁谭向东(Adam Tan)所称的这家美国集团的“高品质”品牌在豪华酒店市场扩大地盘。
In April, HNA bought Carlson Hotels, owner of the Radisson chain, and it took a minority stake in Red Lions Hotels last year. Adding Hilton gives it a bigger presence in the luxury segment, through what Adam Tan, HNA’s chief executive, described as the US group’s “high-quality” brands.
2007年，黑石斥资260亿美元收购希尔顿连锁酒店，完成史上最大杠杆收购之一，随后在2013年将希尔顿上市。对于黑石来说，这是它最终退出曾帮助重振的这家企业的又一步。为黑石及其房地产主管兼希尔顿主席乔恩.格雷(Jon Gray)被誉为重振了这一品牌。
For Blackstone — which bought the Hilton hotel chain in 2007 for $26bn, in one of the biggest leveraged buyouts on record, before taking it public again in 2013 — this is another step towards an eventual exit from a business that it helped revive. Blackstone and its head of real estate, Jon Gray — who also serves as Hilton chairman — have been credited with resurrecting the brand.
在他们的控制下，希尔顿从主要在美国拥有45万套客房，成长为拥有超过77.5万套客房，大部分增长来自亚洲。
Under their control, Hilton has grown from 450,000 rooms primarily in the US, to more than 775,000 rooms, with much of the growth coming from Asia.
格雷表示海航的投资“增加了希尔顿的潜力”，他指出这家酒店集团在过去九年取得了“惊人成绩”。
Mr Gray said the HNA investment “only adds to [Hilton’s] potential”, noting the hotel group has delivered “phenomenal results” in the past nine years.