Hilton Worldwide (US)
Hilton is still arguably the world's best-known hospitality brand. In addition to its core Hilton hotels business, the group also operates a collection of other brands including Conrad Hotels & Resorts, Doubletree, Embassy Suites and the renowned Waldorf Astoria group. At the end of 2015, the entire portfolio spanned more than 4,610 hotels spread across 94 countries, mostly run by independent franchisees, and 758,000 rooms. For more than 40 years from the mid 1960s, the US and international operations of the Hilton brand were controlled by two entirely separate companies. They were reunited in 2006, and the combined group was acquired the following by private equity fund Blackstone for around $26bn. Hilton went public once more at the end of 2013, and Blackstone's stake reduced to 46% during 2015. It sold a 25% stake to Chinese conglomerate HNA Group in 2016. Revenues for 2015 were $11.3bn. Christopher Nassetta is CEO. The business traces its roots back to 1919 when entrepreneur Conrad Hilton acquired his first, rather modest hotel in Texas. Others followed but the first to carry the Hilton name opened in 1925 in Dallas. He went on to open or acquire a string of others, creating the world's biggest hotel business by the end of the 1940s. The international business was spun off as a separate company in 1964, and was later acquired by airline TWA. A string of different owners followed - including for the last 20 years UK betting company Ladbrokes - before Hilton International was reacquired by the main US-based Hilton Hotels Corporation in 2006. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe. See also Travel, Hotels & Leisure index.
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Who are the competitors of Hilton Worldwide? see Travel, Hotels & Leisure Sector
Capsule checked 27th October 2016
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 27th Oct 2016: Chinese conglomerate HNA Group is to become the biggest shareholder in hotel giant Hilton with a deal to acquire a 25% stake from private equity firm Blackstone. That would reduce Blackstone's stake to around 21%. Most of the remaining shares are publicly traded. Earlier this year, HNA acquired Carlson Hotels, owners of the Radisson chain, and it also owns or has stakes in a variety of other hospitality or travel-related businesses, including airlines, baggage handlers and flight catering services.
Adbrands Weekly Update 5th Jun 2014: Hilton Worldwide announced the launch of a new brand to distinguish a new collection of four and five star boutique hotels in urban or resort locations. It plans to sign up several hundred independently run hotels, mainly in the US and Europe, under a new Hilton Curio banner. It's also planning a new lifestyle banner for later this year.
Adbrands Weekly Update 19th Dec 2013: Hotel giant Hilton Worldwide went public for the first time since 2007, when it was acquired by private equity firm Blackstone in one of the biggest ever leveraged buyouts. The purchase price of $26bn included a whopping $20bn of debt, with which Hilton has been wrestling ever since. The IPO raised $2.35bn, a record for any hotel operator, and almost all of it will be used to pay down debt. Blackstone remains the controlling shareholder with around 76% of equity.
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