November 28, 2014 1:34 PM ET

Hotels, Restaurants and Leisure

Company Overview of Hilton Worldwide Holdings Inc.

Company Overview

Hilton Worldwide Holdings Inc., a hospitality company, is engaged in the ownership, leasing, management, development, and franchising of hotels, resorts, and timeshare properties worldwide. The company operates hotels under the brand names of Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton, and Home2 Suites by Hilton; and timeshare properties under the Hilton Grand Vacations brand. As of September 29, 2014, it had approximately 4,200 managed, franchised, owned, and leased hotels and timeshare properties. The company was founded in 1919 and is headquartere...

7930 Jones Branch Drive

Suite 1100

McLean, VA 22102

United States

Founded in 1919

152,000 Employees

Phone:

703-883-1000

Key Executives for Hilton Worldwide Holdings Inc.

Chief Executive Officer
Age: 52
Total Annual Compensation: $850.0K
Chief Financial Officer
Age: 42
Total Annual Compensation: $778.3K
President of Development
Age: 53
Total Annual Compensation: $690.0K
Executive Vice President of Global Sales and President of Hilton Grand Vacations Company LLC
Age: 57
Total Annual Compensation: $528.8K
Executive Vice President and General Counsel
Age: 53
Total Annual Compensation: $538.6K
Compensation as of Fiscal Year 2013.

Hilton Worldwide Holdings Inc. Key Developments

Marcato Urges Intercontinental Hotels To Consider Merger With Rival

Marcato Capital Management, LLC said that Intercontinental Hotels Group plc (LSE:IHG) should consider a possible merger with one of six rivals: Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), Marriott International, Inc. (NasdaqGS:MAR), Hilton Worldwide Holdings Inc. (NYSE:HLT), Wyndham Hotels and Resorts, LLC, Hyatt Hotels Corporation (NYSE:H) and Accor S.A. (ENXTPA:AC). Marcato said, "Each of these companies would be a fit for IHG by broadening its geographic footprint in the most desirable hospitality markets, expanding chain scale diversification, increasing asset-light earnings, realizing cost savings, improving system fund benefits, and lowering cost of capital." Richard "Mick" McGuire, the founder of Marcato, says in an open letter to shareholders of Intercontinental Hotels that he built up its stake in the business over concerns that the board was not giving due consideration to the strategic alternatives available in the current industry and M&A environment. Marcato said that an all-stock combination with another major hotel operator could deliver a premium upwards of 100% over Intercontinental’s current share price, creating a divserified hotel management company.

Hilton Worldwide Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014

Hilton Worldwide Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $2,644 million against $2,449 million a year ago. Operating income was $445 million against $357 million a year ago. Income before income taxes was $314 million against $273 million a year ago. Net income attributable to parent company was $183 million against $200 million a year ago. Basic and diluted earnings per share were $0.19 against $0.22 a year ago. Adjusted EBITDA was $645 million against $570 million a year ago. Total capital expenditures were $112 million against $64 million a year ago. EBITDA was $634 million against $555 million a year ago. Adjusted EBITDA increased more than 13% from the same period in 2013 to $645 million. Net income, adjusted for special items was $174 million against $200 million a year ago. Basic and diluted EPS, adjusted for special items was $0.18 against $0.22 a year ago. For the nine months, the company reported total revenues of $7,674 million against $7,092 million a year ago. Operating income was $1,218 million against $1,013 million a year ago. Income before income taxes was $854 million against $590 million a year ago. Net income attributable to parent company was $515 million against $389 million a year ago. Basic and diluted earnings per share were $0.52 against $0.42 a year ago. Adjusted EBITDA was $1,840 million against $1,607 million a year ago. Total capital expenditures were $249 million against $200 million a year ago. EBITDA was $1,813 million against $1,470 million a year ago. Net debt as on September 30, 2014 was $10,791 million. Net income, adjusted for special items was $519 million against $389 million a year ago. Basic and diluted EPS, adjusted for special items was $0.53 against $0.42 a year ago. For the fourth quarter ending December 31, 2014, the company expects net income attributable to company's stockholders of $160 million to $174 million. EBITDA is expected to be in the range of $584 million to $607 million. Adjusted EBITDA is expected to be in the range of $630 million to $650 million. Depreciation and amortization is expected to be $155 million to $155 million. Net income, adjusted for special items are expected to be in the range of $164 million to $178 million. Basic and diluted EPS, before special items expected to be $0.16 to $0.18. Basic and diluted EPS, adjusted for special items are expected to be $0.16 to $0.18. Interest expense expects at $151 million. Income tax expense expects in the range of $110 million to $119 million. Depreciation and amortization expects at $155 million. For the full year ending December 31, 2014, the company expects net income attributable to company's stockholders of $675 million to $689 million. EBITDA is expected to be in the range of $2,397 million to $2,420 million. Adjusted EBITDA is expected to be in the range of $2,470 million to $2,490 million. Depreciation and amortization is expected to be $625 million to $625 million. Basic and diluted EPS, before special items expected to be $0.68 to $0.70. Basic and diluted EPS, adjusted for special items are expected to be $0.69 to $0.71. Interest expense expects at $618 million. Income tax expense expects in the range of $441 million to $450 million. Net income, adjusted for special items expects in the range of $684 million to $698 million.

Hilton Worldwide Announces Exclusive License Agreement with Plateno Hotels Group, to Rapidly Launch and Develop the Hampton by Hilton Brand in China

Hilton Worldwide announced an exclusive license agreement with Plateno Hotels Group, to rapidly launch and develop the Hampton by Hilton brand in China. With this agreement, Hampton plans to have over 400 deals signed, with the first hotel expected to open by the end of 2015. Hampton by Hilton is a leader in the mid-priced hotel segment with nearly 2,000 properties in 17 countries. Plateno Hotels Group operates five brands with a portfolio of over 3,000 hotels in 300 cities across China and operates China's larger hotel loyalty program, reaching 80 million members.

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Date
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Merger/Acquisition
October 6, 2014
Waldorf Astoria New York
Merger/Acquisition
May 22, 2014
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Bankruptcy
March 17, 2014
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