Financial News

Hilton Increases Stock Repurchase Authorization By $1 Billion

The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE: HLT) has authorized the repurchase of an additional $1 billion of common stock under the Company’s existing stock repurchase program, bringing the total amount currently authorized for repurchase to approximately $1.3 billion.

Hilton Reports Third Quarter Results, Raises Full Year Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its third quarter 2017 results. All results herein present the performance of Hilton giving effect to the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") on January 3, 2017 (the "spin-offs"), with the historical financial results of Park and HGV reflected as discontinued operations. Additionally, all share and share-related information presented herein for periods prior to January 3, 2017 have been retrospectively adjusted to reflect the 1-for-3 reverse stock split of Hilton's outstanding common stock that occurred on January 3, 2017 (the "Reverse Stock Split").

Hilton Named a Top 10 World’s Best Workplace

Hilton (NYSE: HLT) was today named the highest ranked hospitality company on the list of the World’s Best Workplaces by Great Place to Work®, joining a group of 25 elite global companies recognized for high-trust, high-performing workplace cultures in 2017.

Hilton Announces Secondary Offering of 14,610,000 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 14,610,000 shares of Hilton common stock.

Hilton Prices Secondary Offering

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) announced today the pricing of a secondary offering of 14,610,000 shares of Hilton common stock by certain selling stockholders affiliated with The Blackstone Group L.P. The offering is expected to close on October 4, 2017, subject to customary closing conditions.

Hilton Announces Third Quarter 2017 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report third quarter financial results prior to the stock market open on Thursday, October 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 Appoints Raymond E. Mabus, Jr. and Zhang Ling to Board of Directors

Hilton Worldwide Holdings Inc. (NYSE: HLT) today announced the appointment of Raymond E. Mabus, Jr., and Zhang Ling to its board of directors, effective immediately. Mr. Mabus, an independent director, and Mr. Zhang were nominated for election by HNA Group following the tourism leader’s strategic investment in Hilton.

Hilton Announces New Head of Brand Communications

Hilton (NYSE:HLT) today announced Craig Dezern has joined the company as Vice President of a newly created team, Brand Communications. In his role, Dezern will lead global communications across Hilton’s 14 industry-leading brands as well as for the award-winning Hilton Honors loyalty program

Hilton Appoints Melanie L. Healey to Board of Directors

Hilton Worldwide Holdings Inc. (NYSE: HLT) announced today the appointment of Melanie L. Healey, former Group President of The Procter & Gamble Company, to its board of directors, effective immediately.

Hilton Domestic Operating Company Inc., Hilton Worldwide Finance LLC and Hilton Worldwide Finance Corp. Announce Extension of Exchange Offer

Hilton Domestic Operating Company Inc. (“HOC”), Hilton Worldwide Finance LLC (“HWF”) and Hilton Worldwide Finance Corp. (“HWFC”), indirect subsidiaries of Hilton Worldwide Holdings Inc., announced today that they have extended the expiration date of their offer to exchange up to (i) $1,000,000,000 aggregate principal amount of HOC’s 4.250% Senior Notes due 2024

Hilton Reports Second Quarter Results, Raises Full Year Outlook

Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its second quarter 2017 results. All results herein present the performance of Hilton giving effect to the spin-offs of Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV") on January 3, 2017 (the "spin-offs"), with the historical financial results of Park and HGV reflected as discontinued operations. Additionally, all historical share and share-related information presented herein have been retrospectively adjusted to reflect the 1-for-3 reverse stock split of Hilton's outstanding common stock that occurred on January 3, 2017 (the "Reverse Stock Split").

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”).