NEW YORK: Hilton plans to spin off its timeshare business and most of its real estate business in a move to boost shareholder value. The lodging company said on 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 expected to manage almost 50 club resorts in the US and Europe.