|Bid||91.35 x 1300|
|Ask||91.38 x 1100|
|Day's Range||90.54 - 91.74|
|52 Week Range||63.76 - 101.14|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||33.75|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||0.60 (0.65%)|
|1y Target Est||101.68|
HAIKOU, China and MCLEAN, Va., Oct. 18, 2019 /PRNewswire/ -- Hilton (HLT) today announced the opening of 224 full-service residences in Hilton Haikou, a 630-room state-of-the-art hotel that provides easy access to the city's downtown recreational and cultural attractions. "As one of the market's top domestic destinations, Hainan is increasingly driving the growth of leisure tourism, corporate travel as well as meeting and event segments," said Qian Jin, area president for Greater China and Mongolia, Hilton. Perched on top of Hainan's iconic building, which stands at 249 meters, Hilton Haikou is conveniently located in the urban oasis of downtown area, making it easy to explore the city's attractions, including Century Park, Evergreen Park and Hainan Volcanic Crater Park.
HANGZHOU, China and MCLEAN, Va., Oct. 18, 2019 /PRNewswire/ -- Hilton (HLT) today announced the opening of Conrad Hangzhou Tonglu, a new hillside resort with 79 spacious suites, including 11 villas. The hotel offers a natural haven nestled beside the picturesque Fenshui Tianxi Lake in Tonglu. Guests will be inspired by the hotel's exceptional amenities, premier dining experiences and natural elements incorporated into its design.
Hilton’s “Carry On Puerto Rico” reminds travelers it’s easy to get to the island and its hotels and resorts are ready with new renovations and great locations
Moody's rating action reflects a base expected loss of 3.6% of the current balance, compared to 3.9% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]
To mark Global Handwashing Day, Hilton (HLT) announced the expansion of its soap recycling program, totaling 5,300 properties in more than 70 countries and territories around the globe. Hilton’s decade-long soap recycling program, which is already the largest in the hospitality industry, helps fight the hygiene epidemic plaguing underserved communities where tens of thousands of children die needlessly due to lack of access to basic sanitation. The initiative also contributes to reducing Hilton’s overall environmental impact, which the company has set a goal to cut in half by 2030.
Dominican Republic’s tourism industry has been rocked to its core in 2019, following the high-profile deaths of at least 10 U.S. citizens that prompted a downward spiral in the number of visitors to the Caribbean destination this summer amid safety concerns from consumers. Global hospitality brands, however, haven’t lost sight of the opportunity at hand […]
(Bloomberg) -- Morgan Belski may have had a seated dinner at her wedding, but the Texan knew she wanted her guests to end a night of dancing and celebration with Whataburger.Just after 10 p.m., servers handed out Honey Butter Chicken Biscuits in the orange and white parchment paper recognizable to any regular of the fast-food chain.“It’s a quintessential nightcap in Texas,” said Belski, 25, of Sugar Land, a city on the outskirts of Houston. “If your night ends without Whataburger, you’re doing it wrong.” That kind of fervor has kept Whataburger in business for 69 years and sparked a social-media firestorm this summer when Byron Trott’s Chicago-based BDT Capital Partners bought a majority stake. Locals fretted about the future of an institution whose burgers, spicy ketchup and A-frame restaurants are so beloved in the Lone Star State that when Belski asked her wedding coordinator about getting Whataburger catered as a late-night snack, she responded, “Don’t worry — I have a contact.”The BDT deal, which valued the chain at $4.7 billion, underscores the desirability of such brands in the hyper-competitive world of burger joints. The Dobson clan — who founded the company and retain a minority stake — have a $2 billion fortune, according to estimates by the Bloomberg Billionaires Index. The Dobsons declined to comment on their net worth.Justifying that price tag will require expanding the business without diluting the brand.“The big challenge will be how they can take that and move it into other areas and still get that emotional attachment,” said John Bowen, a professor at the Conrad N. Hilton College of Hotel & Restaurant Management at the University of Houston. Customers at a Houston branch were certainly wary of change on a recent weekend.“I don’t want them to take it away from Texas,” said Sandra Perez, 37, after finishing dinner with her family. “We’re going to have to move to Chicago,” her brother, Julian Frausto, 43, said jokingly.BDT and Whataburger said new ownership means business as usual above all else.“Our partnership with BDT has been a natural fit because they respect the brand we’ve built,” Whataburger President Ed Nelson said in a statement.Tiffany Hagge, the BDT Capital Partners managing director who led the investment, said her firm will support Whataburger and help it explore expansion plans.“We have no intention to change a winning formula that’s clearly working,” she said.Such patience is enabled by the deep pockets of other wealthy clans that Trott, a former Goldman Sachs Group Inc. banker, has cultivated to invest in family and founder-led companies. Trott built his reputation advising clients such as Warren Buffett, the Kochs, as well as the Mars and Walton families, who have also invested with him. Burger chains are an appetizing prize. The size of the market in the U.S. was $114 billion in 2018, according to Euromonitor International, and there are plenty of such ventures that generate juicy returns.In California, another regional favorite, In-N-Out Burger, has made Lynsi Snyder one of the world’s youngest female billionaires. Then there’s New York’s Danny Meyer, who made his name with high-end Manhattan restaurants before launching Shake Shack Inc., which is now worth $3.5 billion, comprises the bulk of his fortune. Even Hollywood star Mark Wahlberg has gotten in on the act with his Wahlburgers franchise.It doesn’t stop at burgers. Dan and Bubba Cathy both appear on the 500-member Bloomberg Billionaires Index thanks to the success of Chick-fil-A.“With a fast-casual concept you can build it out, you can make a lot of money,” said Bob Goldin, co-founder of Pentallect, a food industry consulting firm. “You don’t need chefs, you don’t need wait staff. It’s a much simpler concept you can operationalize.”There’s certainly room for Whataburger to expand. The chain, with about $2 billion of annual sales, has more than 800 locations in Texas and nine other states. McDonald’s Corp., by comparison, has about 38,000 locations in over 100 countries.Not that chains like Whataburger or Chick-fil-A are necessarily looking to go toe-to-toe with the likes of McDonald’s or Burger King parent Restaurant Brands International Inc. Their relative scarcity is part of the appeal.“It’s about being selective enough that they can maintain this exclusivity,” said Miranda Lambert, a research analyst at Euromonitor. “People want it 10 times more — not necessarily because it is so great but because they can’t get it.”Such a delicate balance is now no longer the sole concern of the Dobsons. They’re expected to focus more on philanthropy and investing through investment firm, Las Aguilas.Still, for all of their wealth, don’t expect to hear or read too much about this particular burger dynasty.“The company in general, and the family in particular, keep a very low profile,” Goldin said. “The limelight isn’t for everyone.” (Updates with value of Danny Meyer’s Shake Shack in 16th paragraph)To contact the authors of this story: Tom Metcalf in London at firstname.lastname@example.orgRachel Adams-Heard in New York at email@example.comTo contact the editor responsible for this story: Pierre Paulden at firstname.lastname@example.org, Peter EichenbaumSteven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Hilton today received further recognition for its outstanding workplace culture, named as one of the World’s Best Workplaces by Fortune magazine and Great Place to Work. For the second consecutive year, Hilton has ranked #2 on the list of the top 25 companies and remains the only hospitality company on the list. Hilton Team Members at the world’s most hospitable company said the culture, benefits and travel perks make it a great place to work.
New bipartisan legislation in the U.S. Congress would change the way hotels and online travel agencies display what one supporter called "the most-hated fee in travel," hotel resort fees. Democratic Congresswoman Eddie Bernice Johnson of Texas and her Republican peer Jeff Fortenberry of Nebraska have introduced the Hotel Advertising Transparency Act of 2019, a measure […]
Conrad Hotels & Resorts, Hilton’s (HLT) global luxury hotel brand, today announced the grand opening of the 54-floor, 562-suite Conrad New York Midtown, adding to its extensive portfolio of luxury hotels around the world. This is the brand’s second New York City property and is located at 151 West 54th St., the former site of The London NYC. Following a complete hotel renovation, guest suites more closely resemble a metropolitan pied-a-terre than a traditional NYC hotel room.
A pair of hotel properties totaling more than 600 rooms is in the works near International Drive and across from Universal Orlando Resort's future Epic Universe project. The two properties, proposed by an entity related to Greenville, South-Carolina-based Auro Hotels, filed plans with Orange County dubbed "Pointe North" for the construction of two buildings of 105,788 square feet on the development's Lot 2 and another 112,373 square feet on Lot 4 on about 7 acres of undeveloped land just west of the intersection of Universal Boulevard and Pointe Plaza Avenue. Plans submitted to the county show the development will include two hotels: A 450-room Marriott tri-brand property (Lot 2 site) and a 152-room Home2 Suites By Hilton (Lot 4 site). The Home2 Suites brand is one of Hilton's extended-stay properties that cater to business and leisure travelers.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hilton Grand Vacations Borrower LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Hilton Garden Inn, a dining and drink leader in the upscale hotel category, has partnered with award-winning actress, director and author Judy Greer to create a new specialty cocktail, Judy’s Garden Gin. Judy has worked with Hilton Garden Inn since 2017 as the star of its ad campaign and has now joined forces with the hotel brand on the delicious cocktail.
Hilton Worldwide Holdings Inc. will report third quarter 2019 financial results prior to the stock market open on Wednesday, October 23, 2019, followed by a conference call at 10:00 a.m.
Hilton (HLT) today announced robust Canadian expansion plans for Canopy by Hilton, Tapestry Collection by Hilton and Tru by Hilton, driven by the region’s thriving tourism industry. Providing guests with vibrant, unique experiences at different price points, the expanded footprint of Tru by Hilton and the introduction of Canopy by Hilton and Tapestry Collection by Hilton into Canada will offer travelers more options in the country.
Waldorf Astoria Hotels & Resorts, Hilton’s (HLT) iconic luxury hotel brand, today announced the debut of Waldorf Astoria Los Cabos Pedregal, transforming The Resort at Pedregal as the brand´s first property in Mexico. The award-winning Forbes Five Star Resort and Spa, which celebrates its 10th anniversary this year, was acquired by affiliates of Walton Street Capital Mexico and now invites guests to enjoy Mexican-inspired, unforgettable experiences through the brand’s True Waldorf Service.