Hilton HHonors
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Formerly called
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Hilton Hotels Corporation Hilton Worldwide |
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| Public | |
| Traded as | : HLT |
| Industry | Hospitality, Hotels |
| Founded | May 31, 1919 (as Hilton Hotels Corporation) Cisco, Texas, U.S. |
| Founder | Conrad Hilton |
| Headquarters | Tysons Corner, Virginia, United States |
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Number of locations
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4,820 |
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Area served
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Worldwide |
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Key people
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Christopher J. Nassetta (President and CEO) |
| Revenue | $11.3 billion (2015) |
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Number of employees
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164,000 (2015) |
| Website | hiltonworldwide |
Hilton (formerly Hilton Hotels Corporation, and later Hilton Worldwide Holdings) 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 Worldwide is headquartered in Tysons Corner, Virginia. As of October 2016, its portfolio includes 4,820 properties (including timeshare properties) with 788,864 rooms in more than 100 countries and territories". Prior to their December 2013 IPO, Hilton was ranked as the 36th largest privately held company in the United States by Forbes.
Hilton Worldwide has 14 brands across different market segments including Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations and Waldorf Astoria Hotels & Resorts. In January 2016 Hilton unveiled its new midscale-market brand, Tru by Hilton. In January 2017 Hilton introduced a new upscale brand, Tapestry Collection by Hilton.
On December 12, 2013, Hilton again became a public company in its second IPO to raise an estimated $2.35 billion. The Blackstone Group holds a 45.8% stake in the company. In October 2016, HNA Group agreed to acquire a 25 percent equity interest in Hilton from Blackstone, reducing Blackstone's interest in Hilton to approximately 21 percent. The transaction is expected to close in the first quarter of 2017.
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Wikipedia