Hilton Worldwide Holdings Inc. (NYSE: HLT) was founded in 1919, headquartered in McLean, Virginia, USA, and employs 173,000 people worldwide. It is a subsidiary of Blackstone Group and a multinational hotel management company.
Hilton Worldwide (HLT):
Hilton is one of the world’s largest hotel management groups . As of July 15, 2015, the Hilton brand has 4,350 hotels in 94 countries, including more than 720,000 rooms (the number of rooms is basically the same as that of InterContinental Hotels ). Hilton owns, manages or franchises a variety of brands, including Waldorf Astoria Hotels and Resorts, Conrad Hotels and Resorts, Hilton Hotels and Resorts, DoubleTree by Hilton Hotel, Ambassador Suites Hotel, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton, Hampton Inn & Suites, Home2 Suites by Hilton and Hilton Grand Vacations.
On July 4, 2007, the Hilton Hotel Group of the United States and the Blackstone Group ’s real estate and corporate private equity funds reached an agreement to sell the company to the Blackstone Group for nearly $26 billion. According to the agreement, Blackstone will acquire Hilton’s publicly issued common stock at a premium of 32% at a premium of US$47.50 per share for a total of approximately US$18.5 billion. The acquisition will be made entirely in cash. If you consider the Hilton debt that Blackstone should bear, this transaction is valued at $26 billion.
On December 3, 2013, the Hilton Hotel Group code-named “HLT” planned a public offering, offering 117,06.24 million shares at a price of US$20 per share, and the maximum amount of funds raised was US$2.34 billion. The shares issued by Hilton in this IPO only account for approximately 11.5% of its total share capital. Among the shares for sale, 64.1 million new shares were issued by Hilton, while existing shareholders sold 48.7 million shares. After listing, Blackstone still holds a 76.2% stake in Hilton. Hilton Global Holdings (Hilton Global Holdings) currently holds a 7.1% stake in Hilton.
On July 31, 2015, in response to recent market rumors, InterContinental Hotels Group (IHG) announced that it had not entered into merger negotiations with Starwood Group (HOT).
In February 2016, Hilton Hotels Group confirmed that the company plans to spin off most of its hotels into a real estate investment trust, and said it would spin off Hilton Grand Vacations, a timeshare business, into an independent company. The company said that this REIT will contain about 70 properties, most of which are high-end assets in the United States and other countries.
Hilton Worldwide Holdings Inc., a branch of the Blackstone Group headquartered in New York City, USA, owns the right to use the “Hilton” trademark worldwide except for the United States. Hilton hotels in the United States are owned and managed by Hilton Hotel Management Corporation (HHC).
As of March 22, 2017, Hilton owned 4,900 hotel or resort assets in 104 countries and regions, with approximately 800,000 rooms.
As of February 21, 2020, Hilton has approximately 6,100 hotels and approximately 971,000 rooms in 119 countries and regions.
Hilton Hilton ‘s brand
- Conrad Hotels and Resorts
- Waldorf Astoria Hotels and Resorts
- Hilton Hotels & Resorts
- DoubleTree by Hilton
- Embassy Suites
- Hilton Garden Inn (Hilton Garden Inn)
- Hampton Inn (Hampton Inn)
- Hampton Inn & Suites
Long Stay Suite
- Homewood Suites by Hilton
- Home2 Suites by Hilton
- Hilton Grand Vacations (Hilton Grand Vacations)
- Denizen Hotels