The deal could be worth as much as $1.4 billion for the group which is restructuring its overseas operations while raising cash by selling equity and prime real estate assets.
The decision to raise cash represents a U-turn for the group which also owns Hainan Airlines and which has pent $50 billion on acquisitions in the last two years.
Park Hotels has a portfolio of hotels and resorts in places including New York, Washington, Chicago and San Francisco as well as a number of airport hotels and the sale could be undertake in one or more public offerings.
