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Hilton to Spin Off Timeshares, Most Real Estate Business

Hilton plans to spin off its timeshare business and most of its real estate business in a move to boost shareholder value. Its share jumped almost 8 percent in premarket trading. The lodging company said Friday that the real estate business will be spun off into a publicly traded real estate investment trust. It will include about 70 properties. Hilton's timeshare business, Hilton Grand Vacations, will become a separate publicly traded company that's...

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