Hilton Worldwide    

 

Address:

7930 Jones Branch Dr., Ste. 1100

McLean, VA 22102

United States

Phone:
(703) 883-1100

Company description

Hilton Worldwide, formerly Hilton Hotels Corporation, is the world's leading lodging company with approximately 260 hotels and resorts in cities throughout the United States. This includes 54 owned and/or managed hotels and 199 hotels under franchise agreements. Flagship properties include The Waldorf-Astoria, Hilton Hawaiian Village, and the Hilton Chicago and Towers. It also operates 13 Conrad International hotels located in 8 other countries around the world. Its franchised hotels operate under the Hilton, Hilton Garden Inn, and Hilton Suites names. They also operates more than 20 vacation ownership resorts. Approximately 45,000 people work at U.S. Hilton Hotels and Resorts and Conrad International properties worldwide. Currently Hilton is listed in the top 500 companies by Fortune and has annual sales of more than 1.7 billion. In 1997, Hilton Hotels Corporation (HHC) and British company Hilton Group PLC, formalized a global marketing partnership allowing the Hilton name to become a worldwide lodging provider for the first time in over 30 years. Hilton International, now a wholly owned subsidiary of Hilton Group, was spun off from HHC in 1964. Hilton Hotels Corporation continued to operate hotels separately in the U.S. and Conrad International Hotels Corporation, a subsidiary of Hilton Hotels, operates hotels outside the U.S. There are more than 500 Hilton, Conrad International, and Vista hotels in 50 countries. The company has been recognized for many accomplishments throughout its history. They were the first coast-to-coast hotel chain. They were the first hotel company to list on the New York Stock Exchange. They became the first international hotel company when they opened their Caribe Hilton in San Juan, Puerto Rico in 1949, which was also recognized as the first gaming property for Hilton. They were the first lodging company to operate a hotel gift shop. They were the first American chain to open a European hotel with the Castellana Hilton opening in Madrid, Spain in 1953. In 1966, became the first upscale lodging company to develop the concept of franchising hotels. In 1971, under the direction of Barron Hilton, the company became the first publicly traded, major hotel company to enter the casino gaming industry with the purchase of the Las Vegas Hilton and the Flamingo Hilton - Las Vegas. The debut of the Hilton's Internet web site at http://www.hilton.com in August 1995 made Hilton Hotels an industry pioneer on the information superhighway. Acquisitions of the company over the years have been extensive. Conrad Hilton purchased The Plaza in New York City in 1943. In 1949 the company acquired The Waldorf-Astoria. They acquired Bally Entertainment in December 1996, making them the world's largest gaming company. In January 1997, Hilton Hotels Corporation and Hilton International Co. reunified the Hilton brand for the first time in over 30 years with the signing of a unique joint marketing alliance. In December 1998, Hilton completed a spin-off of its gaming assets in a tax-free distribution to its shareholders to form a separate, publicly traded company, Park Place Entertainment. Its recent purchase of Promus Hotels will increase Hilton's holdings to about 1,700 properties and bring the Doubletree and Hampton Inn chains into its list of subsidiaries. Hilton experiences much competition from the lodging industry. Some of their largest competitors include Marriott International, Starwood Hotels and Resorts Worldwide, and Holiday Inns.

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News and information about Hilton Worldwide

Blackstone's Property Arm Gets Two Heads with Gray Moving Up
National Real Estate Investor (Online Exclusive); February 16, 2018; 700+ words
...the $39 billion purchase of Equity Office Properties in 2007 and the takeover that same year of hotel operator Hilton Worldwide Holdings Inc. Caplan moved to London in 2009 and took over the firm's European division in 2011. McCarthy, who...
Nacd Recognizes Corporate Directors from Autonation Inc., E*trade Financial Corp., NASDAQ Inc., Re/max Holdings Inc., Whirlpool Corp., and Others Who Became Nacd Fellows in 2017
States News Service; February 15, 2018; 700+ words
...University of Notre Dame E*TRADE Financial Corp.Virtus Investment Partners Inc. Fossil Group Inc.Whirlpool Corp. Hilton Worldwide Holding Inc.*Partial Listing Kimberly-Clark Corp. NACD Fellowship', the highest standard of credentialing...
Form 8-K: Hilton Worldwide Holdings Files Current Report
US Fed News Service, Including US State News; February 15, 2018; 346 words
WASHINGTON, Feb. 15 -- Hilton Worldwide Holdings Inc., Mclean, Va., files Form 8-K...and Financial Condition.On February 14, 2018, Hilton Worldwide Holdings Inc. (the "Company") issued a press...
The Break You Deserve Is in the UAE
Khaleej Times (Dubai, United Arab Emirates); February 15, 2018; 700+ words
...tourism sector." Similarly, Rudi Jagersbacher, president for the Middle East, Africa, and Turkey regions at Hilton Worldwide, noted that Hilton had "a very strong 2017". "While trading was challenging in Abu Dhabi, generally speaking...
Blackstone's Homegrown Dealmaker Finally Makes It to the Top
National Real Estate Investor (Online Exclusive); February 14, 2018; 700+ words
...business he was building around him. Gray's streak continued. He led the firm's 2007 deal for hotel operator Hilton Worldwide Holdings Inc., which after a global financial crisis and U.S. recession has generated about $14 billion in...
Hilton Bookings Get a Boost from Trump Tax Windfall
Examiner (Washington, D.C.), The; February 14, 2018; 528 words
Hotel empire Hilton Worldwide expects last year's tax cuts will drive revenue as much as 3 percent higher this year as Americans spend their extra cash on...
Blackstone Is Said to Weigh Bidding for Assets It Sold to Anbang
National Real Estate Investor (Online Exclusive); February 13, 2018; 700+ words
...immediately return a request seeking comment. Record Deal Anbang acquired the Waldorf for $1.95 billion from Hilton Worldwide Holdings Inc., the highest price for a single existing U.S. hotel, translating into a huge windfall for Blackstone...
For Your Diary
The Irish Times; February 12, 2018; 427 words
...Ibec, Lower Baggot St, Dublin). Wednesday Results: AerCap Holdings, DSM, Dr Pepper Snapple Group, Groupon, Hilton Worldwide, Hyatt Hotels, Marriott International, Time, TripAdvisor. Indicators: Irish residential property prices (Dec...

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Industry information

NAICS codes 
North American Industry Classification System (NAICS) codes are used to classify businesses for the purpose of collecting statistical data related to the U.S. economy. NAICS codes have been assigned to international companies to help organize all companies by type of activity.  

Primary: 721110 - Hotels (except Casino Hotels) and Motels

533110 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

722110 - Full-Service Restaurants


 

SIC codes 
Standard Industrial Classification (SIC) codes classify establishments by their primary type of activity. SIC codes are a U.S. Census Bureau system but can apply to international companies.  

Primary: 7011 - Hotels and Motels industry report

5812 - Eating Places industry report

6794 - Patent Owners and Lessors industry report