I was surprised to find Hilton has ownership interest in a number of properties. Starwood and Marriott have divested themselves of ownership in hotels. I know Hilton owns some of the flagship properties like the New York Waldorf, Hilton NY, Hilton SF, Hilton Chicago, Hilton Hawaiian Village, Hilton Waikoloa Village and some airport properties.
Is there any plan to sell these properties while hotels are fetching high prices, then reduce the massive Hilton debt ? Certainly, these properties would generate generous management fees once sold.
These properties suck up a lot of cash flow to provide funds for capital improvements which are badly needed in several of these properties.
On trip advisor I see a number of remarks about how tired the rooms and bathrooms are at the Hilton NY, The Waldorf in NY and certain parts of the Hilton Hawaiian Village.