U.S. Markets closed
  • S&P 500

    3,638.35
    +8.70 (+0.24%)
     
  • Dow 30

    29,910.37
    +37.87 (+0.13%)
     
  • Nasdaq

    12,205.85
    +111.45 (+0.92%)
     
  • Russell 2000

    1,855.27
    +10.25 (+0.56%)
     
  • Crude Oil

    45.52
    -0.01 (-0.02%)
     
  • Gold

    1,783.10
    -22.40 (-1.24%)
     
  • Silver

    22.77
    -0.67 (-2.86%)
     
  • EUR/USD

    1.1965
    +0.0051 (+0.4307%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • Vix

    20.84
    -0.41 (-1.93%)
     
  • GBP/USD

    1.3328
    -0.0029 (-0.2146%)
     
  • USD/JPY

    104.0850
    -0.1650 (-0.1583%)
     
  • BTC-USD

    18,168.14
    +400.08 (+2.25%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.41 (+0.40%)
     

Hilton (HLT) on Expansion Spree, Unveils New Hotel in Orlando

Zacks Equity Research
·2 min read

Hilton Worldwide Holdings Inc.’s HLT hotel brand — Tru by Hilton — recently announced the opening of a Tru by Hilton Orlando Convention Center in Orlando. The new hotel is owned by Epelboim Development Group and managed by Highgate.

Located at 6461 Westwood Boulevard, the 259-room hotel comprises efficiently-designed rooms with a mobile desk, bathrooms as well as in-room entertainment. Also, features such as mobile check-in, digital key, WiFi, remote printing, a social media wall and lobby tablets are available.

The hotel features a 2,880-square-feet lobby area, which includes play area, eatery and lounge, market, and a bar. It also offers a 2,200-square-feet area of flexible meeting space, an outdoor heated pool and a fitness centre. Moreover, the hotel is covered by Hilton's guest-loyalty program Hilton Honors, thereby offering flexible payment options and other exclusive benefits to its members.

Nonetheless, the company remains optimistic to attract guests on the back of its unique set of offerings and affordable price tag.

Expansion Initiatives to Drive Growth

Hilton has been consistently trying to expand presence in the hospitality industry.

During the second quarter of 2020, the company signed several luxury deals, which include the Waldorf-Astoria Tokyo, the Conrad Costa del Sol in Spain and the Oceana in Santa Monica. It also entered into a management license agreement with Country Garden to launch and develop Home2 Suites properties in China. Notably, the company looks forward to boost this partnership in China’s market and produce as many as 1000 hotels over the upcoming periods.

So far this year, shares of the company have declined 17.7% compared with the industry’s fall of 22.3%.

Hilton — which shares space with Hyatt Hotels Corporation H, Choice Hotels International, Inc. CHH and Marriott Vacations Worldwide Corporation VAC in the Zacks Hotels and Motels industry — has a Zacks Rank #4 (Sell), at present.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.  

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.