HLT - Hilton Worldwide Holdings Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.98 (-0.99%)
At close: 4:05PM EST

97.75 -0.15 (-0.15%)
After hours: 6:51PM EST

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Previous Close98.88
Bid94.31 x 3000
Ask97.70 x 1400
Day's Range96.30 - 100.82
52 Week Range81.66 - 115.48
Avg. Volume1,876,398
Market Cap27.162B
Beta (5Y Monthly)1.07
PE Ratio (TTM)32.20
EPS (TTM)3.04
Earnings DateApr 28, 2020 - May 03, 2020
Forward Dividend & Yield0.60 (0.61%)
Ex-Dividend DateFeb 26, 2020
1y Target Est115.68
  • Hilton named in lawsuit alleging theft of trade secrets between Beverly Hills hotels
    American City Business Journals

    Hilton named in lawsuit alleging theft of trade secrets between Beverly Hills hotels

    Hilton Worldwide Holdings Inc. (NYSE: HLT) was named as a defendant in a motion filed Tuesday in a lawsuit from a luxury hotel in Los Angeles Superior Court alleging the theft of proprietary documents to help bring business to the Waldorf Astoria Beverly Hills. The Peninsula Beverly Hills alleges Hilton, its Waldorf Astoria management division and L.A. property owner Oasis West Realty LLC conspired with former Peninsula manager Houssem Tasco to steal thousands of documents, including guest lists, marketing plans and financials. The Peninsula also accuses Hilton of covering up the alleged scheme.

  • Abandoned Hong Kong Hotels Go Into Survival Mode as Virus Fallout Spreads

    Abandoned Hong Kong Hotels Go Into Survival Mode as Virus Fallout Spreads

    Hong Kong hotels these days are feeling forsaken not just by guests but government, which excluded them from a $4 billion (HK$30 billion) coronavirus relief package announced last week. Comparisons with Singapore add salt to the wound, with the Lion City seen as more empathetic towards hotels’ plight and more forward thinking. The Federation of […]

  • Coronavirus fears lead to Wall Street sell-off. Here are the D.C.-area companies hit the hardest.
    American City Business Journals

    Coronavirus fears lead to Wall Street sell-off. Here are the D.C.-area companies hit the hardest.

    The spread of the coronavirus beyond China and into Italy, South Korea and Iran caused markets to drop sharply Monday, and some of Greater Washington’s largest public companies were hit by the sell-off.

  • Bruce Berkowitz Leaves 3 Holdings, Axes Buffett's Kraft Heinz

    Bruce Berkowitz Leaves 3 Holdings, Axes Buffett's Kraft Heinz

    Fairholme Fund leader releases fourth-quarter 2019 portfolio. Top holding is St. Joe Continue reading...

  • American City Business Journals

    Here’s the latest on 5 planned I-Drive hotels

    The properties will be built in time for the debut of Universal Orlando's new theme park, Epic Universe.

  • Business Wire

    All Suites Brands by Hilton Cap Off Decade of Success with More than 120 New Property Openings in 2019

    The All Suites brands by Hilton, Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton, end the decade with a footprint of more than 1,100 open properties across the U.S., Mexico, Canada and the Caribbean. After celebrating brand milestones including Embassy Suites by Hilton’s 35th anniversary and Homewood Suites by Hilton’s 30th year, the brands head into 2020 with a pipeline of nearly 590 properties which includes several new urban, resort and international locations.

  • Hilton executive tapped to succeed Focus Brands' retiring CEO
    American City Business Journals

    Hilton executive tapped to succeed Focus Brands' retiring CEO

    Focus Brands hired a successor for Steve DeSutter, who is retiring after serving as the company's CEO for nearly six years.

  • PR Newswire

    Resorts World Las Vegas and Hilton Partner to Introduce New Multi-Brand Las Vegas Resort

    Resorts World Las Vegas and Hilton (NYSE: HLT) have partnered to bring three of Hilton's premium brands together for the first time when the US$4.3 billion integrated resort, which is currently being developed, opens in summer 2021. The partnership marks Hilton's largest multi-brand deal in company history and will include three Hilton premium brands, Hilton Hotels & Resorts, LXR and Conrad, into Resorts World Las Vegas. The 3,500-room resort will also be part of Hilton Honors, the award-winning guest-loyalty program for Hilton's 18 distinct brands, offering members direct access to instant benefits for guests, including flexible payment options, exclusive member discounts, Digital Key and more.

  • Citing coronavirus, Marriott extends cancellation fee amnesty
    American City Business Journals

    Citing coronavirus, Marriott extends cancellation fee amnesty

    Marriott International Inc. (NASDAQ: MAR) will extend its cancellation fee waiver for travelers going to mainland China and other parts of the region, citing the continuing coronavirus scourge. The hotel company, which operates more than 400 hotels in China, will waive cancellation fees until at least March 15, it said in a statement issued Wednesday. Marriott said that the waiver extends to those traveling to mainland China, Hong Kong, Macau and Taiwan.

  • Bloomberg

    R.I.P. HNA, and the $143 Billion Empire You Built

    (Bloomberg Opinion) -- The house of HNA Group Co. may be no more, bringing an end to the dramatic rise and fall of one of the biggest buyers of global assets in recent years. It was about time.The Chinese government is planning to take over the airline-to-insurance-to-property conglomerate that splashed out over $40 billion in recent years to buy assets including stakes in Hilton Worldwide Holdings Inc. and Deutsche Bank AG and airplane lessor Avolon Holdings Ltd., Bloomberg News reported citing people familiar with the plans. A government seizure would mark the final step in an unwinding of the closely held and debt-encumbered behemoth that began more than two years ago.  In theory, Beijing was already running the show behind the scenes. In early 2018, as Anbang Insurance Group Co. (another binge-buyer that scooped up assets like New York’s Waldorf Astoria Hotel) was being taken over by the Chinese government, HNA was extended over $3 billion of credit lines by large state-owned lenders to keep going. Since then, on Beijing’s directive, it has sold off assets and attempted to retreat to its core airline-related business. Despite state support, HNA has still been late to make payments on bonds and unable to effectively run the sprawling businesses it bought.An official takeover would mean ownership changes at its foreign affiliates and subsidiaries. Would Ingram Micro Inc., the Irvine, California-based electronics distributor HNA bought in 2016, effectively become a Chinese state-owned enterprise? And if it did, would the company then have to go back to the Committee on Foreign Investments in the U.S. for approval?Under its existing agreement with CFIUS, Ingram Micro is required to operate as a standalone company, and is subject to annual audits of its compliance with certain operating and security agreements, according to Moody’s Investors Service. The company’s board composition is governed by an agreement with CFIUS and the U.S. Defense Department. Another subsidiary, Swissport Group Sarl, a ground handler, serves over 300 airports and millions of metric tons of cargo through over 100 warehouses globally. HNA representatives comprise a majority of the board. If the government officially takes control of HNA, those relationships will get more complicated. Just this week, the U.S. State Department designated five Chinese state-owned media outlets as foreign missions, increasing their reporting requirements around property and personnel. Waltzing onto foreign boards or owning overseas real estate isn’t as easy for Chinese entities as it once was.It also makes sense that Beijing would act now, in the teeth of the coronavirus epidemic.There’s no doubt that with the outbreak all but halting the real economy, hard-up borrowers are coming to the fore. Analysts had long seen HNA’s indebtedness as a significant risk to the financial system. To fund the borrowing spree that fueled its risk, the company spun a complex web of debt between subsidiaries and affiliates, using its units as collateral at times to take on yet more debt.Now, Beijing is  opening the spigots and relaxing bad loan limits to encourage banks to lend more freely and keep the economy ticking over. In this emergency environment, the ongoing risk of a collapse in HNA’s enormous net debt pile — worth $69 billion at the end of June, bigger than the borrowings of PetroChina Co. or Walmart Inc. — isn’t helping. You’re less likely to extend credit to a struggling business if you think your existing loan book might turn bad.It’s never easy to undo the excess of an M&A binge, and HNA’s large and labyrinthine balance sheet has meant even its wave of selloffs has barely moved the needle. While total assets have fallen by about $46.53 billion, to $142.8 billion, since their peak at the end of 2017, net debt is actually marginally up, making it increasingly difficult for HNA to service its borrowings. Affiliates and subsidiaries like Ingram Micro and Swissport have already distanced themselves, placing clauses in debt agreements that protect their cash flows. Throughout HNA's history, operating income has only occasionally run ahead of interest payments.To the extent that management has been able to keep these plates spinning at all, it's likely to have depended heavily in recent months on the way that HNA's investments in logistics, air transport, catering and retail have given it a presence throughout the sinews of China's economy, and the world’s. The coronavirus represents a critical blow to that proposition. China's aviation market has shrunk from the world's third-biggest to 25th place because of the infection. Hotels and shopping malls are empty. Cash is barely flowing.Two years on, Beijing is still trying to shed the assets of Anbang, now renamed Dajia Insurance. Officially unwinding the House of HNA will prove a much hairier task. But China may have no other options left.To contact the authors of this story: Anjani Trivedi at atrivedi39@bloomberg.netDavid Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Hilton to open new hotel at Honolulu airport
    American City Business Journals

    Hilton to open new hotel at Honolulu airport

    Airport Hospitality LLC, an affiliate Seattle-based Hadley Properties, which owns Airport Industrial Park at the Honolulu airport, submitted an application for a building permit this week with a value of $53 million

  • Historic downtown hotel adding 11-story tower
    American City Business Journals

    Historic downtown hotel adding 11-story tower

    The owners of a downtown hotel have filed plans with the city to construct a new guest room tower that would include meeting space and a rooftop bar.

  • Bill Ackman's Pershing Square: 4th-Quarter Update

    Bill Ackman's Pershing Square: 4th-Quarter Update

    The hedge fund’s biggest moves for the final quarter of 2019 Continue reading...

  • American City Business Journals

    Building Memphis New Construction winner bridges the community

    Finalists for the Building Memphis New Construction-Medium category: University of Memphis pedestrian bridge, The Citizen, Forest Hill Elementary School in Germantown, and Hilton Garden Inn Downtown.

  • Business Wire

    How Do You Become the #1 Best Company to Work For? Ask Hilton – They Just Did It For the Second Year in a Row

    Hilton (NYSE:HLT) has been recognized for its extraordinary workplace culture, earning the highest honor on the prestigious 2020 Fortune Best Companies to Work For® in the U.S. list for the second consecutive year. Hilton is the first and only hospitality company in history to achieve the No. 1 ranking, and to do so two years in a row. In its fifth consecutive year on the list, the global hospitality company joins a distinguished handful of companies to ever earn the top spot two years running.

  • Not one S&P 500 CEO is donating to Bernie Sanders or Elizabeth Warren

    Not one S&P 500 CEO is donating to Bernie Sanders or Elizabeth Warren

    While the moderate 2020 Democrats finished behind Bernie Sanders in New Hampshire, presidential hopefuls Amy Klobuchar, Pete Buttigieg and Joe Biden are winning over S&P 500 CEOs, as the execs vote for them with their wallets.

  • Why Lyft Has Turnaround Potential

    Why Lyft Has Turnaround Potential

    The company’s strategy could strengthen its financial outlook Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of HLT earnings conference call or presentation 11-Feb-20 3:00pm GMT

    Q4 2019 Hilton Worldwide Holdings Inc Earnings Call

  • Hedge Funds Start to Buy the Dip, Betting on the Virus Stabilizing

    Hedge Funds Start to Buy the Dip, Betting on the Virus Stabilizing

    (Bloomberg) -- As the Chinese city of Wuhan ended its first week of quarantine, Tribeca Investment Partners portfolio manager John Stover was already betting on a recovery. Skittish investors had dumped Indonesian real estate bonds, so he started scooping those up. Short-dated notes from Chinese developers were next.“You can pick your own adventure in terms of what you read and how scared you want to get about it,” said Singapore-based Stover, whose firm manages around A$1.9 billion ($1.3 billion). “But risk/reward has looked pretty good over the last couple of weeks.”For many traders on Wall Street, the rising number of confirmed coronavirus cases has meant a frenzied search for safe havens. But for some hedge funds, it’s an opportunity to pick up a bargain. Several portfolio managers interviewed by Bloomberg are betting the crisis will be averted within months, and followed by government stimulus to spur consumption.Read more: Chinese Hedge Funds Turn Bullish as Panic Selloff Lowers PricesStover started the $50 million Vanda Asia Credit Fund in July after spending more than 12 years at Farallon Capital Management LLC. Despite the outbreak, he’s still getting interest from would-be investors, with annualized gross returns of 12.2% and volatility of 2.1% -- January was his best month to-date.History LessonPredictions of post-viral bounces aren’t based on hunches; Edward Bozaan, managing partner and portfolio manager at Cleargate Capital LLC, runs a long-short hedge fund focused on Europe. He told investors in a letter seen by Bloomberg that markets ended higher in the six to 12 months from the first announcement of previous viral crises, like SARS and Ebola.“Once the number of cases has peaked and begins to fall, it will probably be an excellent time to add to the sectors hurt the most: travel, cruise companies, entertainment and emerging markets,” he wrote.Others such as HGI Capital Management LLC are looking to protect from further downside but still exploit any upside opportunity. The fund, backed by real-estate investment firm Harbor Group International LLC, is using options to trade on Carnival Corp., the cruise company that operates the Diamond Princess ship that’s become the biggest center of infections outside of China.“In many cases, the actual outcome from this unfortunate event will not be as detrimental as the market is pricing,” said David Rosenberg, a portfolio manager at the $350 million hedge fund based in New York. “We believe the market has already priced in most of the downside.”The fund has been looking at other lodging and cruise brands with exposure to China, too. Names include Marriott Vacations Worldwide Corp., Hyatt Hotels Corp., Royal Caribbean Cruises Ltd., Hilton Worldwide Holdings Inc., and Wyndham Hotels & Resorts Inc.Luxury GoodsFor Texas-based Bowie Capital Management LLC, which runs a $425 million long-biased strategy, it’s another type of exposure -- luxury goods companies like LVMH Moet Hennessy Louis Vuitton SE and Hermes International.“We see this as not a long-term problem for these companies, however the short run seems like it could really be detrimental to their revenues,” said Cory Whitaker, who founded the firm in 2014. “We think this could be a problem for the year, but not for the decade, and if people overreact we’re happy buyers.”Golden Pine Asset Management Ltd. oversees about $280 million and manages a Greater China-focused stock hedge fund. Chief Investment Officer She Peng said in a letter to investors Feb. 4 that the outbreak could plateau by early March if Chinese government measures are successful.Like others, Golden Pine sees the outbreak as a temporary shock to consumption and services in China, changing the rhythm but not direction of the nation’s economic recovery. The firm plans to add cheap, quality stocks, She said.As stock markets reopened after Lunar New Year on Feb. 3, a net 18.2 billion yuan ($2.6 billion) flowed through the stock connect with Hong Kong, the second highest in the link’s history, Golden Pine noted.The epidemic has “temporarily disrupted the pace of the market, but doesn’t alter the trend of what we see as a slow bull this year,” said Shi Wubin, head of quantitative investing at Chengen Capital Management, which has more than 2 billion yuan in assets. “It was just like a small spray in the history of the market.”(Updates with other popular stocks in ninth paragraph.)\--With assistance from Zhang Dingmin.To contact the reporters on this story: David Ramli in Singapore at dramli1@bloomberg.net;Bei Hu in Hong Kong at bhu5@bloomberg.net;Melissa Karsh in New York at mkarsh@bloomberg.netTo contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus forces Hilton to close 150 hotels in China
    American City Business Journals

    Coronavirus forces Hilton to close 150 hotels in China

    During Hilton's earnings call, CEO Chris Nassetta said his company has tried to estimate the coronavirus impact by "drawing on the industry's experience with SARS and other similar situations."

  • Hilton CEO Says Business Could Be Impacted for Up to a Year From Coronavirus

    Hilton CEO Says Business Could Be Impacted for Up to a Year From Coronavirus

    Hilton has closed about 150 hotels in China in response to the growing coronavirus crisis, taking 33,000 rooms out of commission, Hilton CEO Chris Nassetta said on Tuesday. The hotel industry could end up having to deal with the impact of coronavirus for the next 12 months, Nassetta told investors during a call detailing the […]

  • TheStreet.com

    Hilton Earnings Beat Estimate While Outlook Lags

    Hilton's fourth-quarter profit beat estimates. Its outlook for 2020, which excluded the potential impact from the coronavirus, was weaker than analysts expected.

  • MarketWatch

    Hilton has closed 150 hotels in China as a result of coronavirus

    Hilton Worldwide Holdings Inc. Chief Executive Chris Nassetta said on a post-earnings conference call with analysts that about 150 hotels, totaling approximately 33,000 rooms, are closed in China as a result of the coronavirus outbreak. Although it was still early, Nassetta said he tried to estimate the impact of the outbreak based on the industry's experience with SARS. "Assuming the outbreak lasts around three-to-six months, with an additional three-to-six month recovery period for the full year," he estimates a potential 100 basis point (1 percentage point) impact to comparable system-wide RevPAR (revenue per available room) growth. For the first quarter, Chief Financial Officer Kevin Jacobs said for the first quarter, he estimates a 150 basis point drag on RevPAR growth. Hilton's stock rose 2.5% toward a record high in morning trading. Earlier, the company reported a fourth-quarter profit and revenue that beat expectations. The stock has run up 16.4% over the past three months, while the S&P 500 has climbed 9.1%.