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Hilton Worldwide
Hilton Worldwide
Holdings Inc., formerly Hilton Hotels Corporation, is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts. Founded by Conrad Hilton in 1919, the corporation is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons Corner, Virginia. As of December 2017, its portfolio includes more than 5,200 properties (including timeshare properties) with over 856,000 rooms in 105 countries and territories.[3] Prior to their December 2013 IPO, Hilton was ranked as the 36th largest privately held company in the United States
United States
by Forbes.[4] Hilton has 14 brands across different market segments, including Conrad Hotels
Conrad Hotels
& Resorts, Canopy by Hilton, Curio - A Collection by Hilton, Hilton Hotels & Resorts, DoubleTree
DoubleTree
by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations
Hilton Grand Vacations
and Waldorf Astoria Hotels & Resorts, Tru by Hilton, and Tapestry Collection by Hilton. On December 12, 2013, Hilton again became a public company, raising an estimated $2.35 billion in its second IPO. At the time, The Blackstone Group held a 45.8 percent stake in the company.[5] In October 2016, HNA Group
HNA Group
agreed to acquire a 25 percent equity interest in Hilton from Blackstone. The transaction was expected to close in the first quarter of 2017.[6][7][8] Hilton's largest stockholders are HNA Group, Blackstone, and Wellington Management Group, which own 25%, 15.2%, and 6.7% of Hilton common stock respectively.[9] Hilton was founded by Conrad Hilton
Conrad Hilton
in Cisco, Texas, in 1919 and had its headquarters in Beverly Hills, California, from 1969 until 2009. In August 2009, the company moved to Tysons Corner, unincorporated Fairfax County, Virginia, near McLean.[10][11][12]

Contents

1 History

1.1 Two chains with one name 1.2 21st century

2 Brands

2.1 Luxury 2.2 Full service 2.3 Focused service 2.4 All suites 2.5 Lifestyle 2.6 Timeshare 2.7 Former 2.8 Franchising 2.9 Hilton Honors

3 Corporate affairs

3.1 Company culture

4 Hilton in popular culture 5 References

History[edit]

To be the preeminent global hospitality company - the first choice of guests, team members, and owners alike. “ ”

Hilton's mission[when?][13]

In 1919, Conrad Hilton
Conrad Hilton
purchased his first hotel, the 40-room Mobley Hotel
Hotel
in Cisco, Texas, and bought additional Texas
Texas
hotels as years passed.[14] In 1925, the Dallas Hilton became the first hotel to use the Hilton name.[14] In 1927, Hilton expanded to Waco, Texas,[15] where he opened the first hotel with air-conditioning in public areas and cold running water.[16][17][18] In 1943, Hilton purchased the Roosevelt Hotel
Hotel
and the Plaza Hotel
Hotel
in New York, establishing the first hospitality company to span the contiguous United States.[19] The company incorporated in 1946 as the Hilton Hotels Corporation, and subsequently began public trading of shares on the New York Stock Exchange.[20][21][22]

The entrance to the Waldorf-Astoria in New York, Conrad's "greatest of them all"

Hilton International
International
was founded a few years later, in 1949, with the opening of the Caribe Hilton Hotel
Hotel
in Puerto Rico.[23] Barman Ramon "Monchito" Marreno claimed he created the piña colada cocktail at this resort.[24][25] Hilton purchased the Waldorf Astoria New York in the same year.[26][27] The Hotels Statler Company was acquired in 1954 for $111 million in what was then the world's most expensive real estate transaction.[28] One year later, Hilton created the world's first central reservations office, titled "HILCRON". The reservations team in 1955 consisted of eight members on staff booking reservations for any of Hilton's then 28 hotels. Reservations agents used the "availability board" to track records. The chalk board measured 30 feet by 6 feet, and allowed HILCRON to make over 6,000 reservations in the year.[29] Bookings could be made for any Hilton via telephone, telegram, or Teletype. Later in 1955, Hilton launched a program to ensure every hotel room would include air conditioning.[30] In late 1955, Hilton opened the first post-World War II property in Istanbul.[30][31] Hilton is credited with pioneering the airport hotel concept with the opening of the San Francisco Airport Hilton in 1959.[32] In 1965, Hilton launched Lady Hilton, the first hotel concept created specifically for women guests.[33] To appeal to female travelers, a number of properties offered floors occupied by only women along with distinct amenities for their usage.[34][35] In 1969, the first DoubleTree
DoubleTree
Hotel
Hotel
opened. However, Hilton was not affiliated with the brand until its acquisition of the parent company in 1999.[36][37] Hilton purchased the Flamingo Las Vegas in 1970,[38][39] which would become the first in the domestic gaming business to be listed on the NYSE.[40] In 1979, founder Conrad Hilton
Conrad Hilton
died at the age of 91.[41] Hilton Hotels Corporation later created the Conrad Hotels
Conrad Hotels
brand in honor of Hilton.[42] Hilton Honors (formerly Hilton HHonors), the company's guest loyalty program, was initiated in 1987.[43] In 1994, the Honors surpassed competing hotel loyalty programs by offering members both hotel credit points and airline credit miles.[44][45] The company has been a sponsor of the United States
United States
Olympic Team.[46][47] Two chains with one name[edit] The company spun off its international operations into a separately traded company on December 1, 1964, known as "Hilton International Co." It was acquired in 1967 by Trans World Corp., the holding company for Trans World Airlines. In 1986, it was sold to UAL Corp., the holding company for United Airlines, which became Allegis Corp. in an attempt to re-incarnate itself as a full-service travel company, encompassing Westin Hotels
Westin Hotels
and Hertz rental cars in addition to Hilton International
International
and United Airlines. In 1987, after a corporate putsch, the renamed UAL Corp. sold Hilton International
International
to Ladbroke Group plc, a British leisure and gambling company, which, in May 1999, adopted the name "Hilton Group plc."[48]

The former Hilton Hotels Corporation headquarters in Beverly Hills

As a result, there were two separate, fully independent companies operating hotels under the Hilton name. Those Hilton Hotels outside the U.S. were, until 2006, styled as "Hilton International" hotels. Because the two chains were contractually forbidden to operate hotels in the other's territory under the Hilton name, for many years hotels run by Hilton International
International
in the U.S. were called Vista International
International
Hotels, while hotels operated by the American arm of Hilton outside the U.S. were named Conrad Hotels.[49] In 1997, to minimize longtime consumer confusion, the American and British Hilton companies adopted a joint marketing agreement under which they shared the same logos, promoted each other's brands and maintained joint reservation systems. At that point, the Vista chain was phased out, while Conrad has been restyled as one of the luxury brands of Hilton (along with the Waldorf-Astoria Collection) and operates hotels within the US as well as abroad. In 1971, Hilton acquired International
International
Leisure Company, including the Las Vegas Hilton
Las Vegas Hilton
and Flamingo Hilton.[50] In 1998, Hilton spun off its gaming operations into a separate, publicly held company called Park Place Entertainment (later Caesars Entertainment, Inc.)[citation needed] In 1999, Hilton acquired Promus Hotel
Hotel
Corporation, which included the DoubleTree, Red Lion, Embassy Suites, Hampton Inn and Homewood Suites brands.[51] 21st century[edit]

Hilton Hotels & Resorts, Hilton's flagship brand

In 2001, Hilton agreed to sell Red Lion to WestCoast Hospitality.[52] On December 29, 2005, Hilton Hotels Corporation agreed to re-acquire the Hilton International
International
chain from its British owner, Hilton Group plc, for £3.3 billion ($5.71 billion). As well as bringing the two Hilton companies back together as a single entity, this deal also included Hilton plc properties operating as Conrad Hotels, Scandic Hotels and LivingWell Health Clubs.[53] On February 23, 2006, the deal closed, making Hilton Hotels the world's fifth largest hotel operator in number of rooms.[54] Hilton Group PLC (headquartered in the UK) then renamed itself Ladbrokes
Ladbrokes
plc. Scandic Hotels
Scandic Hotels
was sold the next year on March 1 to EQT Partners.[55]

Christopher J. Nassetta in 2004

On July 3, 2007, Hilton Hotels Corp. agreed to an all-cash buyout from the Blackstone Group LP in a $26 billion (including debt) deal that would make Blackstone the world's largest hotel owner.[56] At $47.50 per share, the buyout price was 32 percent higher than the closing value of a share of Hilton stock on July 3.[57] The deal was the culmination of a year of on and off discussions with Blackstone.[58] In October 2007, Christopher J. Nassetta was appointed President and Chief Executive Officer of Hilton.[59] In February 2009, Hilton Hotels Corp. announced that its headquarters were moving from Beverly Hills to Fairfax County, Virginia.[60] While Blackstone saw an opportunity to streamline the company and push Hilton's expansion overseas when Blackstone pursued Hilton in 2006 and 2007, the buyout saddled the company with $20 billion of debt just as the economy was turning down. The debt had very liberal terms, so there was no danger of default, but when travel slowed, the company suffered. In April 2010, Hilton and Blackstone restructured the debt. Blackstone invested a further $800 million of equity and the debt was reduced to $16 billion.[61] Hilton returned to being a public company on December 12, 2013. This second IPO in the company's history raised an estimated $2.35 billion.[62] The Blackstone Group
The Blackstone Group
retained a 45.8% stake in the company.[5] The company announced in February 2016 that Hilton would turn its hotel holdings into a real estate investment trust. Prior to making the announcement, the company went to the IRS for approval.[63] In February 2016, Hilton announced its intention to spin off its timeshare and real estate businesses, creating three independent public companies.[64] Brands[edit]

Hilton San Diego Bayfront, one of Hilton's flagship properties

Luxury[edit]

Conrad Hotels
Conrad Hotels
& Resorts Waldorf Astoria Hotels and Resorts

Full service[edit]

Curio Collection by Hilton Hilton Hotels & Resorts (Flagship Brand of Hilton Worldwide) Tapestry Collection by Hilton DoubleTree
DoubleTree
by Hilton

Homewood Suites by Hilton
Homewood Suites by Hilton
entrance sign

Focused service[edit]

Hampton by Hilton Hilton Garden Inn Tru by Hilton

All suites[edit]

Embassy Suites by Hilton Home2 Suites by Hilton Homewood Suites by Hilton

Lifestyle[edit]

Canopy by Hilton[65]

Timeshare[edit]

Hilton Grand Vacations

Former[edit]

Coral by Hilton Denizen Hotels Lady Hilton Scandic Hotels

Franchising[edit] As of 2013, about 70% of the rooms branded under Hilton were franchised to independent operators and companies. During its 2007–2013 ownership of Hilton, Blackstone Group pursued a strategy of predominantly expanding Hilton's reach through franchise agreements, while relatively few new properties were actually operated by Hilton. Hence, the proportion of franchised rooms grew significantly during this period.[66] The practice of franchising is popular within the hospitality industry among most major hotel chains, as the parent company does not have to pay for the maintenance and overhead costs of franchised properties. Franchisees must follow strict brand standards in order to maintain a licensing agreement with Hilton.[66] Many of Hilton's flagship properties, airport properties, and largest resorts, however, are corporately managed. Hilton Honors[edit] Hilton Honors (formerly Hilton HHonors) is Hilton's guest loyalty program through which frequent guests can accumulate points and airline miles by staying within the Hilton portfolio. The program is one of the largest of its type, with approximately 71 million members.[67] Hilton renamed the Hilton HHonors program to Hilton Honors in February 2017.[68] Corporate affairs[edit] The company has its headquarters in Tysons Corner, Virginia
Virginia
and an operations center in Memphis. Its Asia-Pacific operations are managed out of Singapore, its Middle East and Africa operations are managed out of Dubai, and its European operations are based in the UK.[69] Company culture[edit]

Hilton San Francisco and Towers, the second largest Hilton with over 2,000 rooms

According to Careerbliss.com, Hilton ranked first in the list of "2012 Happiest Companies in America", with a score of 4.36 out of 5.[70] The survey looked at job reviews from more than 100,000 employees such as characteristics like work-life balance, company culture and reputation, and the relationships employees have with their bosses.[71] Hilton has scored 100% on the Corporate Equality Index each year from 2014 to 2017.[72] In 2016, Hilton was named one of the "World's 25 Best Multinational Workplaces" by Fortune and Great Place to Work.[73][74][75] In 2017, Fortune ranked Hilton number 26 in their list of "The 100 Best Companies to Work For".[76][77] Hilton in popular culture[edit]

The 671-room Beverly Hilton
Beverly Hilton
in Beverly Hills, California is home to the Golden Globe Awards. It has played host to other awards shows, including the Soap Opera Awards.

Keith Richards
Keith Richards
and Mick Jagger
Mick Jagger
performed in the East Penthouse on the 45th floor of the New York Hilton
New York Hilton
on October 28, 1965.[78] John Lennon
John Lennon
and Yoko Ono
Yoko Ono
honeymooned in the presidential suite at the Hilton Amsterdam
Hilton Amsterdam
where they hosted one of their famous "Bed-Ins" for a full week in 1969.[79] In 1971, Diamonds Are Forever was filmed at the Las Vegas Hilton.[80] On April 3, 1973, Dr. Martin Cooper made the world's first cell phone call in front of the New York Hilton
New York Hilton
Midtown. A press conference was held at the hotel later that day to mark the milestone.[81][82] The Bodyguard with Whitney Houston
Whitney Houston
and Kevin Costner
Kevin Costner
was filmed at the Fontainebleau Hilton in Miami in 1992.[83][84] In 1995, the James Bond
James Bond
movie GoldenEye
GoldenEye
was filmed at the Langham Hilton.[85][86] The Insider was filmed in 1999 at the Seelbach Hilton.[87] In 2006, several movies including Spider-Man 3,[88] Michael Clayton and American Gangster were filmed at the New York Hilton.[89][90] Conrad Hilton
Conrad Hilton
(played by actor Chelcie Ross) features as a major character in the third season of Mad Men, as lead character Don Draper creates a series of ad campaigns for Hilton Hotels.[91] The Drapers travel during one episode to the Cavalieri Hilton in Rome,[92] though the scenes were actually shot at the Dorothy Chandler Pavilion
Dorothy Chandler Pavilion
in Los Angeles.[93] On the rotating wheel space station in Stanley Kubrick's film 2001: A Space Odyssey, a receptionist is shown sitting at the entrance to the Hilton Space Station 5.[94][95] References[edit]

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Hotel
Groups Worldwide / April 2006". Retrieved 15 August 2015.  ^ www.eqt.se Archived 2007-03-30 at the Wayback Machine. ^ Louise Story, "Blackstone to Buy Hilton Hotels for $26 Billion," New York Times, July 4, 2007. ^ Weber, Christopher (5 July 2016), "Blackstone Group buys Hilton hotels", Bangor Daily News, pp. A4, retrieved 28 June 2016  ^ David Carey & John E. Morris, King of Capital: The Amazing Rise, Fall and Rise Again of Steve Schwarzman and Blackstone (Crown 2010), pp. 254. ^ Clausing, Jeri (5 November 2016). "Blackstone goes with Nassetta over Hart as Hilton CEO". Travel Weekly. Northstar Travel Media, LLC. Retrieved 28 June 2016.  ^ "Hilton Hotels Corporation to move headquarters from Beverly Hills to Fairfax County Fairfax County Economic Development Authority". www.fairfaxcountyeda.org. Retrieved 2017-12-23.  ^ Peter Lattman and Lingling Wei, "Blackstone Reaches Deal to Revamp Hilton's Debt,' Wall Street Journal, Feb. 20, 2010; Hilton Worldwide press release, Apr. 8, 2010; King of Capital, pp. 299–300. ^ Cohan, William (11 September 2014). "Blackstone's $26 Billion Hilton Deal: The Best Leveraged Buyout Ever". Bloomberg L.P.
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Retrieved 28 June 2016.  ^ Rubin, Liz Hoffman And Richard. "Hilton to Spin Off Hotel
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v t e

Hilton Worldwide

Luxury & Lifestyle

Canopy by Hilton Conrad Hotels
Conrad Hotels
& Resorts Waldorf Astoria Hotels & Resorts

Full service

Curio Collection DoubleTree
DoubleTree
by Hilton Hilton Hotels & Resorts Tapestry Collection by Hilton

All Suites

Embassy Suites by Hilton Home2 Suites by Hilton Homewood Suites by Hilton

Focused service

Hampton by Hilton Hilton Garden Inn Tru by Hilton

Vacation ownership

Hilton Grand Vacations
Hilton Grand Vacations
Company

Loyalty program

Hilton Honors

Former divisions

Caesars Entertainment Carte Blanche Card Coral by Hilton Denizen Hotels Scandic Hotels

v t e

The Blackstone Group

Founders

Peter George Peterson Stephen A. Schwarzman

Business Services

CMS Computers RGIS SunGard
SunGard
(minority shareholder)

Consumer/Retail

Michaels
Michaels
(Joint Control) Performance Food Group Pinnacle Foods United Biscuits

Financial Services

BankUnited
BankUnited
(minority stake) HealthMarkets (minority stake) FGIC (minority stake)

Healthcare

Biomet Emcure Pharmaceuticals (investment) Vanguard Health Systems

Industrial

Freescale (Joint Control) Klöckner Pentaplast TRW Automotive
TRW Automotive
(Control)

Media/Telecommunications

SESAC eAccess (investment) Nielsen Holdings
Nielsen Holdings
(minority stake) Axtel
Axtel
(minority stake) Deutsche Telekom
Deutsche Telekom
(minority stake) TDC (minority stake) The Weather Channel
The Weather Channel
(minority stake)

Travel & Leisure

Hilton Worldwide Center Parcs
Center Parcs
Europe (freehold) Caesars Entertainment Corporation
Caesars Entertainment Corporation
(minority stake) Merlin Entertainments
Merlin Entertainments
(minority stake) SeaWorld Parks & Entertainment Tragus Group Travelport

Real estate

Extended Stay America
Extended Stay America
(minority stake) Equity Office Luxury Resorts
Luxury Resorts
(LXR) La Quinta Inns & Suites

v t e

Hotel
Hotel
chains

Accor

Adagio Fairmont Hotels Formule 1/F1/Formula 1 Ibis

Budget Styles

Mama Shelter Mercure / Grand Mercure MGallery Novotel

Suite Novotel

Pullman Raffles The Sebel Sofitel Swissotel Thalassa sea & spa

BTG Homeinns

Fairyland Hotel Home Inn Jianguo Jinglun Motel 168 Nanyuan Yitel

Choice Hotels

Ascend Collection Cambria Hotels & Suites Clarion Comfort Inn Comfort Suites Econo Lodge MainStay Suites Quality Inn Rodeway Inn Sleep Inn Suburban Extended Stay Hotel

Hilton

Canopy by Hilton Conrad Hotels Curio collection DoubleTree Embassy Suites Hampton by Hilton Hilton Garden Inn Hilton Grand Vacations Hilton Hotels & Resorts Home2 Suites Homewood Suites Tapestry Collection by Hilton Tru by Hilton Waldorf Astoria

Hospitality International

Downtowner Inns Master Host Inns Passport Inns Red Carpet Inn Scottish Inns

Hyatt

Andaz Grand Hyatt Hyatt Hyatt
Hyatt
Centric Hyatt
Hyatt
House Hyatt
Hyatt
Place Hyatt
Hyatt
Regency Hyatt
Hyatt
Zilara / Hyatt
Hyatt
Ziva Park Hyatt

InterContinental

Avid Hotels Candlewood Suites Crowne Plaza Even Hotels Holiday Inn Holiday Inn
Holiday Inn
Express Hotel
Hotel
Indigo InterContinental Kimpton Hotels Staybridge Suites

Jinjiang

7 Days Inn Bestay Goldmet Inn Jin Jiang Hotels Jinjiang Inn Louvre Hotels Metropolo Vienna

Marriott

AC Hotels Aloft Hotels Autograph Collection Bulgari Hotels & Resorts Courtyard Delta Hotels Design Hotels EDITION Hotels Element by Westin ExecuStay Fairfield Inn Four Points Gaylord Hotels Grand Residences JW Marriott Le Méridien The Luxury Collection Marriott Conference Centers Marriott Executive Apartments Marriott Golf Marriott Hotels & Resorts Marriott Vacation Club Moxy Hotels Protea Hotels Renaissance Hotels Residence Inn Ritz-Carlton Ritz-Carlton Destination Club St. Regis Sheraton SpringHill Suites TownePlace Suites Tribute Portfolio W Hotels Westin

Okura Nikko

Hotel
Hotel
JAL Nikko Okura

Pan Pacific

Pan Pacific Parkroyal

Radisson

Country Inns & Suites Park Inn Park Plaza Quorvus Collection Radisson Radisson Blu Radisson Red

Red Lion

3 Palms Hotels & Resorts America's Best Inns Americas Best Value Inns Canadas Best Value Inns Country Hearth Inns & Suites GuestHouse Hotel
Hotel
RL Jameson Inn Lexington Hotels & Inns Red Lion Hotels Red Lion Inn & Suites Settle Inn

Shangri-La Hotels

Hotel
Hotel
Jen Kerry Hotels Shangri-La Traders Hotels

Taj Hotels

Gateway Ginger Taj Vivanta

Two Roads

Alila Hotels & Resorts Destination Hotels Joie de Vivre Hotels Thompson Hotels tommie

Wyndham

AmericInn Baymont Inn & Suites Days Inn Dolce Hotels and Resorts Hawthorn Suites Howard Johnson Knights Inn Microtel Inn And Suites Ramada Super 8 Travelodge TRYP by Wyndham Wingate by Wyndham Wyndham Grand Wyndham Hotels & Resorts

Other

Ace Aerowisata Aman Resorts Apex Aqua Archipelago Best Western Boscolo Budget Host Canad Inns Canalta Center Parcs Club Med Club Quarters Coast Cobblestone Dan Drury Hotels Easy Hotel Extended Stay America Fiesta Inn Four Seasons Hoshino Huazhu Hotels Iberostar InTown Suites Isrotel ITC Hotels Jumeirah Kempinski La Quinta Leading Hotels of the World Loews Lotte Magnuson Mandarin Oriental Marco Polo Masters Inn Meliá MGM Resorts Millennium & Copthorne Morgans Motel 6 Motel One Mövenpick My Place Hotels NH Oberoi Omni Outrigger Paradores Peninsula Pestana Pousadas de Portugal Premier Inn Prince Pueblo Bonito Red Roof Inn RIU Sandman Santika Indonesia Scandic Standard Steigenberger Swiss-Belhotel The Leela Thistle Toyoko Inn Trident Trump Value Place Virgin Walt Disney Parks and Resorts

Defunct

Adam's Mark Alamo Plaza Hotel
Hotel
Courts AmeriHost Inn AmeriSuites Crest Hotels Cross Country Inn Denizen Hotels Esso Motor Hotel Exel Inn Forte Fred Harvey Friendship Inn Hiway House Imperial 400 Jack Tar Hotels Nickelodeon Resorts by Marriott The Real Hotel
Hotel
Company Roundtowner Inn Shoney's
Shoney's
Inn Statler Hotels Summerfield Suites Susse Chalet Tage Inn United Hotels Company of America Vantage Hospitality Wilson World Hotels

Lists

Hotels

chained-brand largest United States

Motels

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