|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||70.35 - 72.99|
|52 Week Range||63.76 - 88.11|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||16.10|
|Forward Dividend & Yield||0.60 (0.83%)|
|1y Target Est||N/A|
Hilton’s Conrad Hotels and Resorts is set to open the world’s first underwater villa in the Maldives, called The Muraka.
Let's check out the Yahoo Finance charts of the day. Hilton Worldwide (HLT ): Shares are up in early trade, at around 5.2%. Pershing Square announced a new investment in Hilton Worldwide Holdings and now holds 10.9 million shares - a 3.7 percent stake in the hotel operator. Twitter (TWTR ): Shares up here, at around 18.8%. The social networking service beat estimates by 7 cents a share with adjusted quarterly profit of 21 cents per share. Revenue also beat Wall Street expectations. Twitter says user numbers slipped to 326 million from 335 million at the end of June. Southwest Airlines (LUV) : Shares down here, around 9.7%. The airliner reported quarterly profit of $1.08 per share- 2 cents above estimates. Southwest beat in revenue. Increased travel demand helped to offset the higher fuel costs. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance
We re-established a new substantially larger investment in Hilton (HLT) during the recent market selloff as a significant decline in the company's share price provided us with an opportunity to once again own Hilton at an attractive price. Hilton is a high-quality, asset-light, high-margin business with significant growth potential led by a superb management team. The company primarily franchises and manages hotel properties under more than a dozen hotel brands, including Hilton, Hampton, DoubleTree, and Hilton Garden Inn.
Luxury Chinese hotels run by Marriott, Hilton and Hyatt have apologised after a video showing unhygienic practices such as in one case using the same sponge to clean drinking cups, a sink and a toilet was viewed by tens of millions of people. A repost of the video on Weibo, China’s equivalent of Twitter, by state-run newspaper the Beijing News had been viewed 28m times as of Thursday.
Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings. Ackman's hedge fund, Pershing Square Capital Management, sold out of Mondelez International during the third quarter, some three years after spending $5.5 billion for a 7.5 percent stake, the investor told clients on a conference call on Wednesday. "It was not a barn burner of an investment," Ackman said on the call, adding that he has found better investments and had a change of heart as chances for an acquisition of Mondelez grew more remote.
The D.C. area's first Conrad Hotel, the Hilton Worldwide Holdings Inc. (NYSE: HLT) luxury brand named after the company’s founder, is gearing up to open in February. The property is now accepting reservations as constructions wraps up. When it opens, the first Conrad to open in the D.C. market will include 360 guest rooms — 32 of which are suites.
This $7 million investment was part of a total $30 million invested by Park Hotels & Resorts in the third quarter.
Houston is responsible for project management of transitional hotel and corporate financial projects for Hilton.
SEC 13D filings show that Pershing Square believes it has something to add. We also review transactions involving Owens-Illinois, Penn Virginia, Jack in the Box, Pentair, and others.
Atlantic Station this week kicked off a major transformation of its central park that will double the size of the gathering space, add a signature fountain, and bring new restaurants and shops. The development’s central park today is square-shaped and flanked by large former restaurants. To better compete for the ever-scarcer retail dollars, the park needed to grow up and better reflect its evolving context.” Commercial real estate developer Hines and its capital partner, a real estate affiliate of Morgan Stanley (NYSE: MS), three years ago bought the more than 500,000-square-foot town center (the retail heart of the Midtown project), along with future development sites.
"We'll have two of the most powerful brands, especially in terms of corporate customers," says new local owner.
Two major players have made it to the final round of negotiations for the hotel project that’s been in the works for about three years.
The Courtyard by Marriott hotel at 1600 Rhode Island Ave. NW is about to get a facelift. After 20 years flying the Courtyard flag on Scott Circle, owner The Bernstein Co. will revamp the hotel during the next few months an turn it into a Canopy hotel from Hilton Worldwide Holdings Inc. (NYSE: HLT). The Canopy D.C. Embassy Row aims to open in late spring, according to the company’s website. Bernstein is working with Edge of Architecture and Alliance Architecture on the redesign, which will “embrace the classic architecture of the neighborhood while juxtaposing funky artisan touches showing the cultural diversity that surrounds our address,” according to the site. The property’s 154 rooms will get new finishes, updated bathrooms that replace the tubs with showers, and the new no-closet model standard in Canopy hotels, according to a D.C. building permit issued for the project. The renovated hotel will also feature Canopy Central, the main-level restaurant and lobby that combines a cafe, breakfast spot and cocktail bar.
Shares of Hilton Worldwide Holdings Inc. rose more than 5% early Thursday after Pershing Square Capital Management L.P., the hedge fund of activist investor William Ackman, said it has once again taken a stake in the hotel operator. Pershing Square said it has acquired 10.9 million Hilton shares, or a 3.7% stake, worth roughly $696 million based on Wednesday’s closing price of $63.82. Pershing said the investment represents about 13.9% of the net asset value of Pershing Square Holdings Ltd., its publicly traded closed-end fund, and a substantially smaller percentage of its private funds’ portfolios.
Ackman's Pershing Square Capital Management hedge fund owns 10.9 million shares, or 3.7 percent, of the company, according to a filing made on Thursday. Hilton shares hit a more than one-year low on Thursday on concerns over a slowdown in the hotel industry due to international trade worries. Pershing Square, which invests $8.4 billion (£6.6 billion), said the 10.9 million Hilton shares purchased represent about 13.9 percent of the net asset value of Pershing Square Holdings (PSH.AS), the firm's publicly traded hedge fund.
Ackman's Pershing Square Capital Management hedge fund owns 10.9 million shares, or 3.7 percent, of the company, according to a filing made on Thursday. Hilton shares hit a more than one-year low on Thursday on concerns over a slowdown in the hotel industry due to international trade worries. Pershing Square, which invests $8.4 billion, said the 10.9 million Hilton shares purchased represent about 13.9 percent of the net asset value of Pershing Square Holdings (PSH.AS), the firm's publicly traded hedge fund.
Shares of Hilton Worldwide Holdings Inc. (HLT) rose more than 5% Thursday after Pershing Square Capital Management L.P., the hedge fund of activist investor Bill Ackman, said it has once again taken a stake in the hotel operator. Pershing Square said it has acquired 10.9 million Hilton shares, or a 3.7% stake, worth roughly $696 million based on Wednesday’s closing price of $63.82. Pershing said the investment represents about 13.9% of the net asset value of (PSH.AE), its publicly traded closed-end fund, and a substantially smaller percentage of its private funds’ portfolios.