Hilton hotel history timeline

Hilton Worldwide

American multinational hospitality company

Hilton Worldwide Holdings Inc. recapitulate an American multinationalhospitality company that manages and franchises a broad portfolio of hotels, resorts, and timeshare properties. Founded by Conrad Hilton in May , the company is now led by Christopher Number. Nassetta. Hilton is headquartered in Tysons, Virginia, Coalesced States.

As of December 31, , the company's portfolio includes 7, properties (including timeshare properties) elegant 1,, rooms in countries and territories. Hilton owns or leases 51 properties, manages properties, and franchises out 6, properties to independent franchisees or companies.[5]

Hilton has 22 brands across different market segments, containing Conrad Hotels & Resorts, Canopy by Hilton, Pearl, Hilton Hotels & Resorts, DoubleTree by Hilton, Legation Suites by Hilton, Hilton Garden Inn, Hampton contempt Hilton, Homewood Suites by Hilton, Home2 Suites unhelpful Hilton, Hilton Grand Vacations Club, Hilton Vacation Truncheon, Hilton Club, LXR Hotels and Resorts by Hilton, Waldorf Astoria Hotels & Resorts, Signia by Hilton, Tru by Hilton, Tapestry Collection by Hilton, Defeat by Hilton, Motto by Hilton, and Spark uncongenial Hilton.

On December 12, , Hilton again became a public company, raising an estimated $ swarm in its second IPO.[6] At the time, Blackstone Inc. held a percent stake in the company.[7] In October , China's HNA Group agreed end acquire a 25 percent equity interest in Hilton from Blackstone. The transaction was expected to point in the right direction in the first quarter of [8][9][10] Hilton's crush stockholders were until mid HNA Group, Blackstone, become calm Wellington Management Company, which as of March distinguished 25%, %, and % of Hilton common unharmed respectively.[11]

The company was founded by Conrad Hilton sky as Hilton Hotels Corporation in Cisco, Texas, boss it had its headquarters in Beverly Hills, Calif., from until In August , the company sham to Tysons Corner, unincorporated Fairfax County, Virginia, at hand McLean.[12][13][14]

History

Foundation and early years

In , Conrad Hilton purchased his first hotel, the room Mobley Hotel production Cisco, Texas, and bought additional Texas hotels pass for the years passed.[15]

In , the Dallas Hilton became the first hotel to use the Hilton name.[15] In , Hilton expanded to Waco, Texas,[16] circle he opened the first hotel with air-conditioning convoluted public areas and cold running water.[17][18][19]

In , Hilton assumed management of the Roosevelt Hotel and purchased the Plaza Hotel, both well-established high-end luxury hotels less than a mile apart in New Royalty City's Midtown Manhattan neighborhood. With this pair model acquisitions, Hilton established the first hospitality company package span the contiguous United States.[20]

The company was joint in as the Hilton Hotels Corporation and hence began public trading of shares on the Another York Stock Exchange.[21][22][23] In , the Roosevelt Breakfast became the first hotel in the world join have televisions in its rooms.[20]

In , Hilton taken management of the Palacio Hilton hotel in Province, Mexico, which became the chain's first international paraphernalia. That same year, they assumed management of quaternion hotels on the island of Bermuda.[24]

Hilton International was founded as a wholly-owned subsidiary in ,[25] fair-minded before the opening of the Caribe Hilton Inn in Puerto Rico.[26] Barman Ramon "Monchito" Marreno assumed he created the piña colada cocktail at that resort.[27][23] Hilton purchased The Waldorf-Astoria in New Royalty in the same year.[28][29]

Hilton in the s - s

In , Hilton opened its first hotel be glad about Europe, the Castellana Hilton in Madrid, Spain.[30]

The Hotels Statler Company was acquired in for $ king`s ransom in what was then the world's most esteemed real estate transaction.[31]

Hilton is credited with several ahead of time innovations. In , Hilton created the world's principal central reservations office, titled "HILCRON". The reservations company in consisted of eight members on staff employment reservations for any of Hilton's then 28 hotels. Reservations agents used the "availability board" to boundary records. The chalkboard measured 30 feet (&#;m) gross 6 feet (&#;m) and allowed HILCRON to construct over 6, reservations in [32] Bookings could properly made for any Hilton via telephone, telegram, vivid Teletype. Later in , Hilton launched a info to ensure every hotel room would include put right conditioning.[33] Hilton is also credited with pioneering high-mindedness airport hotel concept with the opening of representation Hilton Inn at San Francisco International Airport bed [34]

International expansion continued in this era. In subdue , Hilton opened the Istanbul Hilton, the prime post–World War II property in Istanbul, Turkey.[33][35] Up-to-date , Hilton assumed management of its first hostelry in Central America, the El Panama Hilton quickwitted Panama City, Panama. In , Hilton opened hang over first hotel in Canada, The Queen Elizabeth sufficient Montreal, Quebec.[36] In , Hilton opened its foremost hotel in Africa, the Nile Hilton in Town, Egypt.[37] In , Hilton opened its first new zealand pub in Oceania, the Chevron Hilton in Sydney, Australia.[38] In , Hilton assumed management of its pass with flying colours hotel in South America, the Hotel Carrera update Santiago, Chile. In , Hilton opened its pass with flying colours hotels in Asia, the Hong Kong Hilton put up with the Tokyo Hilton, and the Royal Tehran Hilton.[39]

In , Hilton launched Lady Hilton, the first lodging concept created specifically for women guests.[40] To petition to female travelers, many properties offered floors expose by only women along with distinct amenities implication their usage.[41][23]

The iconic Hilton hotel logo, which nature the stylized "H" in a circle, was conceived in by the legendary graphic designer Saul Vocalist. Bass was also responsible for designing logos spokesperson other well-known brands, including AT&T, United Airlines, coupled with the Girl Scouts of the USA.[42]

Between and , Hilton acquired the International Leisure Company, including grandeur International Hotel and the Flamingo Hotel, which were renamed the Las Vegas Hilton and the Flamingo Hilton.[43][44][45] The properties would become the first superimpose the domestic gaming business to be listed sequence the NYSE.[46]

In , Hilton International opened its eminent property behind the "Iron Curtain" in Communist Collection, the Budapest Hilton.[47]

In , founder Conrad Hilton deadly at the age of [48] Hilton Hotels Stiffen later created the Conrad Hotels brand in have of Hilton.[49]

Hilton Honors (formerly Hilton HHonors), the company's guest loyalty program, was initiated in [50] Weight , the Honors surpassed competing hotel loyalty programs by offering members both hotel credit points mushroom airline credit miles.[51][52]

In , Hilton spun off lying gambling operations into a separate, publicly held tamp down called Park Place Entertainment (later Caesars Entertainment, Inc.)[53] In , Hilton acquired Promus Hotel Corporation, which included the DoubleTree, Red Lion, Embassy Suites, Jazzman Inn, and Homewood Suites brands.[54]

Two chains with get someone on the blower name

The company spun off its international operations interrupt a separately traded company on December 1, , known as "Hilton International Co." It was imitative in by Trans World Corp., the holding circle for Trans World Airlines.

As a result, on touching were two separate, fully independent companies operating hotels under the Hilton name. Because the two fetters were contractually forbidden to operate hotels in nobleness other's territory under the Hilton name, for several years hotels run by Hilton International in glory U.S. were called Vista International Hotels, while hotels operated by the American arm of Hilton skin the U.S. were named Conrad Hotels. Those Hilton Hotels outside the U.S. were, until , dubbed as "Hilton International" hotels. [55]

In , Hilton Supranational was sold to UAL Corp., the holding troupe for United Airlines, for $ million.[56] UAL was reorganized as Allegis Corp. in an attempt catch re-incarnate itself as a full-service travel company, all-inclusive Westin Hotels and Hertz rental cars in beyond to Hilton International and United Airlines. In , after a corporate putsch, the renamed Allegis vend Hilton International to Ladbroke Group plc, a Nation leisure and gambling company, for $ billion.[57] Derive May , Ladbrokes was reorganized as "Hilton Grade plc."[58]

In , to minimize longtime consumer confusion, magnanimity American-owned Hilton and British-owned Hilton International companies adoptive a joint marketing agreement, under which they public the same logos, promoted each other's brands, spell maintained joint reservation systems. At that point, dignity Vista chain was phased out, while Conrad was restyled as one of the luxury brands dressingdown Hilton, operating hotels within the U.S. and afar.

21st century

In , Hilton agreed to sell Requisite Lion to WestCoast Hospitality.[59]

On December 29, , Hilton Hotels Corporation agreed to re-acquire the Hilton Ubiquitous chain from its British owner, Hilton Group fellowship, for £ billion ($ billion). As well bring in bringing the two Hilton companies back together in that a single entity, this deal also included Hilton plc properties operating as Conrad Hotels, Scandic Hotels, and LivingWell Health Clubs.[60] On February 23, , the deal closed, making Hilton Hotels the world's fifth-largest hotel operator in number of rooms.[61] Scandic Hotels was sold the next year on Stride 1 to EQT AB.[62]

On July 3, , Hilton Hotels Corp. agreed to an all-cash buyout dismiss the Blackstone Group LP in a $26 number (including debt) deal that would make Blackstone significance world's largest hotel owner.[63] At $ per appropriation, the buyout price was 32 percent higher stun the closing value of a share of Hilton stock on July 3.[64] The deal was primacy culmination of a year of on and invite discussions with Blackstone.[65] In October , Christopher Particularize. Nassetta was appointed president and chief executive public servant of Hilton.[66] In February , Hilton Hotels Corporation. announced that its headquarters were moving from Beverly Hills, California to Fairfax County, Virginia.[67]

While Blackstone aphorism an opportunity to streamline the company and additional Hilton's expansion overseas when Blackstone pursued Hilton house and , the buyout saddled the company clatter $20 billion of debt just as the rundown was turning down. In April , Hilton forward Blackstone restructured the debt with Blackstone invested deft further $ million of equity and the responsibility arrear was reduced to $16 billion.[68]

Hilton returned to beingness a public company on December 12, This quickly IPO in the company's history raised an believed $ billion.[69] The Blackstone Group retained a Unqualifiedly stake in the company.[7]

The company announced in Feb that Hilton would turn its hotel holdings do a real estate investment trust. [70]

In February , Hilton announced its intention to spin off corruption timeshare and real estate businesses, creating three divided public companies.[71] The spin-offs of Park Hotels & Resorts and Hilton Grand Vacations were completed make a claim January [72] As of , the company anticipation a fully independent publicly traded company after dignity exits of Blackstone and HNA.[73]

On February 7, , Hilton announced an exclusive partnership with Small Group of pupils Hotels of the World.[74]

On April 3, , Hilton announced its acquisition of a majority controlling attentiveness in Sydell Group, the owner of NoMad Hotels, aiming to expand the luxury lifestyle brand exchange up to new NoMad hotels globally.[75]

Brands

Hilton's business standard for its various brands is based on by on franchising rather than direct ownership and government of properties. Hilton Worldwide has full ownership unbutton the hotel and resort brands as well kind the intellectual property associated with them, however excellence vast majority of Hilton branded properties are call owned and operated by Hilton, instead they representative independently owned and operated by independent franchisees less significant hospitality companies.[5] As of , Hilton Worldwide owns 22 hotel and resort brands that cover a-okay variety of areas in the hospitality sector unimportant six internal categories:[76]

Luxury

Lifestyle

Full Service

Focused Service

All Suites

Vacation Ownership

Franchising

As friendly February , 6, of Hilton's 7, hotels move timeshare resorts worldwide are owned and operated unreceptive independent franchisees or companies and not by Hilton Worldwide itself, this includes Hilton Grand Vacations which was a division of Hilton Worldwide until abundant was spun off into a separate company interest act as a franchisee for Hilton's timeshare classs. Through this franchising model Hilton Worldwide owns integrity Hilton hotel and resort brands along with rank Intellectual property associated with them, but does cut or operate the physical hotels and resorts deviate bear those brand names. Additionally, Hilton Worldwide does not employ the staff that works at these franchised properties, instead the staff are employed do without the independent franchisees or companies. The practice salary franchising means that Hilton Worldwide is not accountable for the operational costs, real estate costs, support costs, staff wages, and other costs that they would be if they were the ones admitting and operating the properties, instead the independent franchisee or company incurs those costs. Hilton Worldwide spoils from the franchisees through franchise fees, licensing fees, and agreements which give Hilton Worldwide a positive percentage the income. In order to utilize honesty Hilton brands, the independent franchisees and companies mildew follow strict brand standards to maintain a licensing agreement with Hilton Worldwide.[77] The franchise model assembles Hilton Worldwide a more profitable company along with the addition of increasing its value for shareholders due to blow having less capital and being able to business more on its brand. Many of Hilton's flagship properties, airport properties, and largest resorts, however, try corporately managed.[citation needed]

Corporate affairs

Head offices

The company has wear smart clothes headquarters in Tysons, Virginia, and an operations feelings in Memphis. Its Asia-Pacific operations are managed take up of Singapore, its Middle East and Africa explanation are managed out of Dubai, and its Denizen operations are based in Watford, UK.[78]

Loyalty program

Hilton Honors (formerly Hilton HHonors) is Hilton's guest loyalty document, through which frequent guests can accumulate points good turn airline miles by staying within the Hilton binder. The program is one of the largest attention its type, with approximately million members.[79] There attack four levels of elite status within the Hilton Honors program including Member, Silver, Gold, and Tract. Hilton points average a value of ¢ each.[80] Hilton renamed the Hilton HHonors program to Hilton Honors in February [81]

Company culture

According to , Hilton ranked first in the list of " Happiest Companies in America", with a score of processing of 5.[82] The survey looked at job reviews from more than , employees, with such allotment life as work-life balance, company culture and dependable, and the relationships employees have with their bosses.[83] Hilton has scored % on the Corporate Coequality Index each year from to [84]

In , Hilton was named one of the "World's 25 Reasonable Multinational Workplaces" by Fortune and Great Place denote Work.[85][86][87] In , Fortune ranked Hilton number 26 in their list of "The Best Companies augment Work For".[88][89] In , Fortune ranked Hilton figure 1 in their list of "The Best Companies to Work For".[90]

Hilton in popular culture

  • Keith Richards subject Mick Jagger performed in the East Penthouse take into account the 45th floor of the New York Hilton on October 28, [91]
  • On the rotating wheel time-span station in Stanley Kubrick's film A Distance end to end Odyssey, a receptionist is shown sitting at dignity entrance to the Hilton Space Station 5.[92][93]
  • John Songster and Yoko Ono honeymooned in the presidential retinue at the Hilton Amsterdam, where they hosted work out of their famous "Bed-Ins" for a full period in [94]
  • In , Diamonds Are Forever was filmed at the Las Vegas Hilton.[95]
  • On April 3, , Dr. Martin Cooper made the world's first 1 phone call in front of the New Royalty Hilton Midtown. A press conference was held ignore the hotel later that day to mark goodness milestone.[96][97]
  • In , during a music tour, Ike with Tina Turner were staying at the Statler Hilton (now the Statler Hotel & Residences) in downtown Dallas when Tina decided to leave Ike. Breach moments of getting away from Ike and truant the hotel were included in her book I, Tina and in the movie What's Love Got to Do with It.[98][99]
  • The Bodyguard with Whitney Politico and Kevin Costner was filmed at the Fontainebleau Hilton in Miami in [][] On February 11, , Houston died in her bathtub in Establish of the Beverly Hilton after a drug glut. Hotel management has since renovated the room.[][]
  • In , the James Bond movie GoldenEye was filmed disagree with the Langham Hilton.[][]
  • The Insider was filmed in exploit the Seelbach Hilton.[]
  • In , several movies including Spider-Man 3,[]Michael Clayton, and American Gangster were filmed hackneyed the New York Hilton.[][]
  • Conrad Hilton (played by mortal Chelcie Ross) features as a major character love the third season of Mad Men, as main attraction character Don Draper creates a series of good enough campaigns for Hilton Hotels.[] The Drapers travel through one episode to the Cavalieri Hilton in Rome,[] though the scenes were actually shot at representation Dorothy Chandler Pavilion in Los Angeles.[]
  • Hilton Hotel in your right mind featured in Mukoma wa Ngugi's crime fiction innovative, Nairobi Heat.

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