Financial News

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.

Hilton Grand Vacations Announces Launch of Senior Notes Offering

Hilton Grand Vacations Borrower LLC (the “Issuer”) and Hilton Grand Vacations Borrower Inc. (together with the Issuer, the “Issuers”) announced today the planned offering, subject to market and other conditions, of $300,000,000 aggregate principal amount of the Issuers’ Senior Notes due 2024 (the “Notes”).

Hilton Introduces Board of Directors for Park Hotels & Resorts

As Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) prepares to spin off the bulk of its real estate and timeshare businesses into two separate publicly traded companies, the company is proud to introduce the expected members of the Board of Directors of Park Hotels & Resorts Inc. ("Park"). After a comprehensive review of personal and professional qualifications, directors were chosen based upon the specific needs of Park.

Hilton Introduces Expanded Leadership Team for Park Hotels & Resorts

Hilton Worldwide Holdings Inc (NYSE: HLT) (“Hilton”) today announced the appointment of additional members of the executive leadership team of Park Hotels & Resorts Inc. ("Park"), ahead of the planned separation of the real estate investment trust (REIT) around year end. Hilton previously announced the appointment of Thomas J. Baltimore, Jr. as chief executive officer, and Sean M. Dell’Orto as chief financial officer, of Park.

Hilton Worldwide Announces Secondary Offering of 55,000,000 Shares of Common Stock

Hilton Worldwide Holdings Inc. (“Hilton Worldwide” or the “Company”) announced today that certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 55,000,000 shares of Hilton Worldwide common stock.

Hilton Reports Third Quarter Results; Spin-Off Transactions on Track for End of Year

Hilton Worldwide Holdings Inc. ("Hilton," or the "Company") (NYSE: HLT) today reported its third quarter 2016 results.

HNA Group Makes Strategic Investment in Hilton

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”), HNA Group (“HNA”) and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (“Park”) and Hilton Grand Vacations (“HGV”).

Hilton Announces Third Quarter 2016 Earnings Release Date

Hilton Worldwide Holdings Inc. (NYSE: HLT) will report third quarter financial results prior to the stock market open on Wednesday, October 26, 2016, 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 Schedules Question and Answer Session Following Second Quarter 2016 Earnings Conference Call

Due to technical difficulties with the conference call provider during today’s second quarter earnings call, Hilton Worldwide Holdings Inc. (NYSE: HLT) will host a follow-up question and answer session at 12:00 p.m. Eastern Time with Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer.

Hilton Reports Second Quarter Results and Progress on Planned Spin Transactions

Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company") (NYSE: HLT) today reported its second quarter 2016 results.

James E. Mikolaichik Appointed as Chief Financial Officer of Hilton Grand Vacations

Hilton Worldwide Holdings Inc. (NYSE:HLT) (“Hilton”) announced today the appointment of James E. Mikolaichik as chief financial officer (CFO) of Hilton Grand Vacations (HGV) in advance of the planned separation of the timeshare business from Hilton later this year.