In its move to shed $16B worth of global assets from its portfolio, Chinese conglomerate HNA Group has put up for sale its $1.4B stake in Hilton Worldwide spinoff Park Hotels & Resorts Inc.

The Chinese firm acquired 53.7 million Park Hotels shares from private equity giant Blackstone Group last year, alongside a 25% stake in Hilton Worldwide and spinoff Hilton Grand Vacations Inc., Yahoo Finance reports. At the time those shares were worth about $6.5B; today that figure stands around $9B, Bloomberg reports.

This is one in a string of U.S. real estate assets HNA wants to offload within the first half of the year. Other assets include Brookfield’s formerly owned 245 Park Ave. tower in Manhattan, which HNA bought for $2.2B — one of the largest single-asset transactions in New York City history. Also included in the selloff are 123 Mission St., a 29-story, 340K SF tower in San Francisco, and Manhattan’s 850 Third Ave.

HNA’s liquidity push comes while the Chinese government is cracking down on Chinese companies' foreign acquisitions in an effort to minimize risks to the country’s financial sector. Other highly acquisitive firms reportedly putting overseas assets on the market include Dalian Wanda and Anbang Insurance Group.

CORRECTION, MARCH 5, 1:16 P.M. ET:  A previous version of this story did not clearly state that HNA Group acquired a 25% stake in Hilton Worldwide Holdings, in addition to two spinoffs — Park Hotels & Resorts Inc. and Grand Vacations Inc. The story and headline have been updated.