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Hilton Worldwide News
Hilton To Detail A Simplified Fee-Based Business With Expanded Capital Return Potential At Investor Day
Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) will host an Investor Day in New York today to discuss the company’s strategy and financial outlook in conjunction with the planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations.
Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) today announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts Inc. (“Park”), which will become the holder of a portfolio of hotels and resorts previously held by Hilton, and Hilton Grand Vacations Inc. (“HGV”), Hilton’s timeshare business.
Hilton (NYSE: HLT) announced today that it received a perfect score on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation (HRC). The honor marks Hilton’s fourth consecutive year earning a perfect score on the CEI, designating the company as a Best Place to Work for LGBT Equality again this year.
Hilton (NYSE:HLT) has named Katie Beirne Fallon as senior vice president and global head of corporate affairs. She previously served as a senior advisor at the White House and a top aide in the U.S. Senate. Hilton’s corporate affairs department includes communications, government relations and corporate responsibility functions globally for the company. Fallon will report to Christopher J. Nassetta, president and CEO of Hilton, and serve as a member of the executive committee.
Hilton Worldwide Holdings, Inc. (NYSE: HLT) (“Hilton”) announced today that Matthew Sparks has been appointed executive vice president and chief investment officer of Park Hotels & Resorts (“Park”), the planned real estate investment trust that will be separated from Hilton around year-end.
As Hilton (NYSE: HLT) prepares to separate into three independent companies at or around year end, the Company today introduced the prospective members of the Board of Directors of Hilton Grand Vacations ("HGV"). The Board will include directors chosen after a comprehensive review of professional and personal qualifications as they relate to the needs of HGV.
Hilton Grand Vacations Borrower LLC (the “Issuer”) and Hilton Grand Vacations Borrower Inc. (together with the Issuer, the “Issuers”) announced today the planned offering, subject to market and other conditions, of $300,000,000 aggregate principal amount of the Issuers’ Senior Notes due 2024 (the “Notes”).
As Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) prepares to spin off the bulk of its real estate and timeshare businesses into two separate publicly traded companies, the company is proud to introduce the expected members of the Board of Directors of Park Hotels & Resorts Inc. ("Park"). After a comprehensive review of personal and professional qualifications, directors were chosen based upon the specific needs of Park.
Hilton Worldwide Holdings Inc (NYSE: HLT) (“Hilton”) today announced the appointment of additional members of the executive leadership team of Park Hotels & Resorts Inc. ("Park"), ahead of the planned separation of the real estate investment trust (REIT) around year end. Hilton previously announced the appointment of Thomas J. Baltimore, Jr. as chief executive officer, and Sean M. Dell’Orto as chief financial officer, of Park.
Hilton Worldwide Holdings Inc. (“Hilton Worldwide” or the “Company”) announced today that certain selling stockholders affiliated with The Blackstone Group L.P. have commenced a secondary offering of 55,000,000 shares of Hilton Worldwide common stock.
Hilton Hires 10,000 Veterans in Three Years, Reaching Operation: Opportunity Hiring Goal Two Years Early
Hilton (NYSE: HLT) today announced that its corporate offices, owned and managed hotels, and franchisees have hired 10,000 veterans, spouses and dependents in the United States since 2013. It has reached this milestone two years ahead of schedule as part of its Operation: Opportunity program, which provides wide-ranging support to U.S. military veterans and their families. Hilton has also donated millions of Hilton HHonors Points that veterans can redeem for free hotel stays while seeking jobs, trainings or certifications with Hilton or in any other industry.
Hilton Worldwide Holdings Inc. ("Hilton," or the "Company") (NYSE: HLT) today reported its third quarter 2016 results.
Hilton (NYSE: HLT) today announced it has been named one of the World’s 25 Best Multinational Workplaces in 2016, according to global research and consulting firm Great Place to Work®. Hilton was selected based on Team Members’ assessments of the company’s jobs, opportunities for training, and support for work/life balance, among other factors.
Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”), HNA Group (“HNA”) and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (“Park”) and Hilton Grand Vacations (“HGV”).
Think back to events you’ve attended, from big conventions to weddings to company off-sites and sales incentive trips. While you were blissfully enjoying the occasion, dedicated professionals were carefully planning, making decisions and thwarting crises behind the scenes. These meeting, event and travel professionals lead fast-paced, pressure-filled jobs managing logistics, instilling creativity and fostering attendee engagement. But these industry heroes – 100,000-plus in the U.S. alone – don’t always get the credit they deserve.
Hilton Launches Major Expansion of Industry’s Largest Soap Recycling Program to Help Communities in Need
Hilton (NYSE: HLT) today announced that all 750 properties across its All Suites brands will recycle discarded soap and amenity bottles and donate them to reduce hygiene-related illnesses for communities in need. Marking the first time in the industry this is required as a brand standard, it is a major expansion of what is already the industry’s largest soap recycling program that will now include 1,370 hotels participating across Hilton’s portfolio.
Hilton today joined other leading American companies as a founding member of the White House’s First Job Compact. The initiative represents President Obama’s call-to-action for communities and businesses to help connect out-of-school, out-of-work Opportunity Youth ages 16 to 24 to their first jobs.
Hilton (NYSE:HLT) has announced the signing of a management agreement with Quality Inspection & Testing Services Limited to open a 350 guest-room and suite hotel at Lagos’ Murtala Muhammed International Airport, Nigeria. The hotel, which was signed at AHIF 2016 in Rwanda is set to open in 2023 and joins Hilton’s growing African portfolio targeted at more than 80 properties trading or in the development pipeline, which will see Hilton more than double its presence across Africa in the next 3-5 years.
Hilton (NYSE: HLT) today announced its newest industry-leading family benefit, adoption assistance, offering hourly and salaried Team Members reimbursement for expenses incurred while adopting children. Hilton’s adoption assistance program will launch one year after its best-in-industry parental leave policy, and marks the largest, most comprehensive adoption assistance benefit provided in the hospitality industry.
Hilton Worldwide (NYSE:HLT) has signed a management agreement with Jabavu Village Ltd to open a 255 guest-room and suite hotel in Kenya’s capital. The hotel is set to open in 2020 and joins 50 Hilton Hotels & Resorts properties trading or under development in 17 countries across Africa.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will report third quarter financial results prior to the stock market open on Wednesday, October 26, 2016, followed by a conference call at 10:00 a.m. Eastern Time. Christopher J. Nassetta, Hilton's president and chief executive officer, and Kevin Jacobs, Hilton's executive vice president and chief financial officer, will discuss the company's performance and lead a question-and-answer session.