Industry Focus

CG: Hilton Worldwide Announces Last Major REIT Spin-off; Lego Results Soar on Star Wars Mania

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Sinopsis

Hilton announced last week that it will be restructuring into three publicly traded entities, including one of the last REITs after Congress passed legislation in December barring the tax-free REIT spin-offs that had become popular with hotels, restaurants, and casinos. Meanwhile, Lego gets one step closer to the title of world’s largest toy company.