Financial News

Hilton Recommends Stockholders Reject TRC Capital’s Mini-Tender Offer

Hilton Worldwide Holdings Inc. (NYSE: HLT) received notice on July 18, 2017 of an unsolicited mini-tender offer being conducted by TRC Capital Corporation (“TRC Capital”) to purchase up to 2,000,000 shares, or approximately 0.61 percent, of Hilton’s common stock outstanding as of July 17, 2017 at a cash price of $59.75 per share. The offering price is approximately 4.4 percent below the $62.49 closing price per share of Hilton’s common stock on July 18, 2017.

Hilton Announces Second Quarter 2017 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report second quarter financial results prior to the stock market open on Wednesday, July 26, 2017, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.

Hilton Prices Secondary Offering

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today the pricing of a secondary offering of 15,000,000 shares of Hilton common stock by certain selling stockholders affiliated with The Blackstone Group L.P. The offering is expected to close on June 13, 2017, subject to customary closing conditions.

Hilton Announces Secondary Offering of 15,000,000 Shares of Common Stock

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today that certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 15,000,000 shares of Hilton common stock.

Hilton Reports First Quarter Results, Raises Full Year Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2017 results. The Company completed the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") on January 3, 2017 (the "spin-offs"). All results herein present the performance of Hilton giving effect to the spinoffs, with the historical financial results of Park and HGV reflected as discontinued operations.

Hilton Showcases Year of Record-Setting Growth and Innovation in 2016 Annual Report

Hilton (NYSE: HLT) today launched its 2016 Annual Report, highlighting a year of record growth and innovation for the global hospitality leader. The integrated report demonstrates the tremendous progress the company has made towards its mission to be the most hospitable company in the world by showcasing Hilton’s new simplified, capital-efficient business model, as well as the company’s Travel with Purpose corporate responsibility program.

Charlene T. Begley Appointed to Hilton Board of Directors

Hilton (NYSE: HLT) announced today that Charlene T. Begley, former senior vice president and chief information officer at General Electric Company (GE) and chief executive officer of GE’s Home and Business Solutions segment, has been appointed to its board of directors, effective immediately.

Hilton Announces First Quarter 2017 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report first quarter financial results prior to the stock market open on Tuesday, May 2, 2017, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.

Hilton Announces Launch of Senior Notes Offering

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiaries Hilton Worldwide Finance LLC (the “Issuer) and Hilton Worldwide Finance Corp. (together with the Issuer, the “Issuers”) intend to offer $1.5 billion aggregate principal amount of the Issuers’ Senior Notes due 2025 and Senior Notes due 2027 (collectively, the “Notes”). The Issuers intend to use the proceeds from the offering together with available cash to redeem all of their outstanding 5.625% Senior Notes due 2021.

Hilton Announces Pricing of Senior Notes Offering

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiaries Hilton Worldwide Finance LLC (the “Issuer”) and Hilton Worldwide Finance Corp. (together with the Issuer, the “Issuers”) finalized the terms of the Issuers’ offering of $900 million aggregate principal amount of 4.625% Senior Notes due 2025 (the “2025 Notes”) and $600 million aggregate principal amount of 4.875% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”).

Hilton Announces $1 Billion Stock Repurchase Program, Quarterly Dividend and Corporate Name Change

The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE: HLT) has authorized a stock repurchase program of up to $1 billion of the Company’s common stock. The Board also declared a quarterly dividend of $0.15 per share of Hilton’s common stock, payable on March 31, 2017 to stockholders of record as of March 10, 2017.

Hilton Reports Fourth Quarter and Full Year Results; Achieves Record Pipeline and Net Unit Growth for the Year

Hilton Worldwide Holdings Inc. ("Hilton," or the "Company") (NYSE: HLT) today reported its fourth quarter and full year 2016 results. The Company completed the spin-off of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") (the "spin-offs") in January 2017.

Hilton Honors Unveils More of What Matters Most: Industry-First Benefits Including Amazon Shop with Points

Hilton (NYSE: HLT), the world’s fastest-growing hospitality company, today announced industry-first benefits for all 60 million members of its award-winning guest loyalty program, Hilton Honors, including Shop with Points at Amazon.com.

Hilton Launches Its 14th Brand: Tapestry Collection by Hilton

Hilton (NYSE: HLT) today announced the launch of a vibrant new brand that offers guests a refreshing choice for an independent hotel stay: Tapestry Collection by Hilton. Tapestry Collection by Hilton marks the 14th brand and second collection brand for Hilton, the world’s fastest-growing hospitality company on an organic net unit growth percentage basis.

Hilton Delivers Another Record-Setting Year, Set Up for Continued Outperformance

2016 was an extraordinarily impactful year for Hilton (NYSE: HLT), which achieved record pipeline and net unit growth, accomplished its most successful brand launch with Tru by Hilton and maintained its position as the fastest-growing hospitality company. It also completed the spin-offs of Park Hotels & Resorts and Hilton Grand Vacations, creating three pure-play businesses that will lead their respective segments with tremendous growth potential.

Hilton Announces Fourth Quarter and Full Year 2016 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report fourth quarter and full year 2016 financial results prior to the stock market open on Wednesday, February 15, 2017, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.

Hilton Completes Spin-off of Park Hotels & Resorts and Hilton Grand Vacations

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) today announced the completion of the spin-offs of Park Hotels & Resorts Inc. (“Park”) and Hilton Grand Vacations Inc. (“HGV”), resulting in three independent, publicly traded companies.

Hilton To Detail A Simplified Fee-Based Business With Expanded Capital Return Potential At Investor Day

Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) will host an Investor Day in New York today to discuss the company’s strategy and financial outlook in conjunction with the planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations.

Hilton Board of Directors Approves Spin-off of Park Hotels & Resorts and Hilton Grand Vacations

Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) today announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts Inc. (“Park”), which will become the holder of a portfolio of hotels and resorts previously held by Hilton, and Hilton Grand Vacations Inc. (“HGV”), Hilton’s timeshare business.

Matthew Sparks Appointed as Chief Investment Officer of Park Hotels & Resorts

Hilton Worldwide Holdings, Inc. (NYSE: HLT) (“Hilton”) announced today that Matthew Sparks has been appointed executive vice president and chief investment officer of Park Hotels & Resorts (“Park”), the planned real estate investment trust that will be separated from Hilton around year-end.

Hilton Introduces Future Board of Directors for Hilton Grand Vacations

As Hilton (NYSE: HLT) prepares to separate into three independent companies at or around year end, the Company today introduced the prospective members of the Board of Directors of Hilton Grand Vacations ("HGV"). The Board will include directors chosen after a comprehensive review of professional and personal qualifications as they relate to the needs of HGV.