72.89 0.00 (0.00%)
After hours: 4:39PM EST
|Bid||69.40 x 800|
|Ask||77.10 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|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.60 (0.83%)|
|1y Target Est||84.70|
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.
The survey was conducted on behalf of Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton. For more information, visit www.embassysuites.com or newsroom.hilton.com/embassysuites, and connect with Embassy Suites by Hilton on Facebook, Twitter, and Instagram.
RANGALI, Maldives, Nov. 7, 2018 /PRNewswire/ -- Conrad Hotels & Resorts, Hilton (HLT)'s hotel portfolio for the smart luxury traveler, announces the official debut of THE MURAKA this month at Conrad Maldives Rangali Island. Now welcoming guests to dive into an extraordinary experience both above and below the surface of the Indian Ocean, THE MURAKA is a triumph of modern design and technology, delivering a truly transformative journey suited to amaze the most sophisticated explorers across the globe. "The completion of THE MURAKA is a personal lifetime achievement," said Ahmed Saleem, a Director at Crown Company and chief architect and designer of the residence.
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.
The Lodge at Gulf State Park, A Hilton Hotel opened its doors after a much-anticipated return to Alabama’s Gulf Coast. Guests of the 350-room, beachfront hotel, located within Alabama’s Gulf State Park, will enjoy stunning views of the Gulf of Mexico or Lake Shelby with direct access to the emerald green waters of the Gulf and over 6,150 acres of trails and activities within the Park. The Lodge at Gulf State Park is the first full service hotel to open in the area in 20 years.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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.
Hilton’s Conrad Hotels and Resorts is set to open the world’s first underwater villa in the Maldives, called The Muraka.