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Hilton Hotels Corporation () operates several brands of hotels and is headquarted in Beverly Hills, California. It was founded by Conrad Hilton in Cisco, Texas. Hilton owns, manages, and franchises hotels.
Aiming to offer top class service to its guests, Hilton has become a leader in the hospitality industry, setting new benchmarks with its hotels and use of technology. The company is around 5% owned by the founding family.
As of 2005, Hilton had over 2,500 hotels worldwide offering more than 147,667 rooms.
History
The original company was founded in 1919 by the Norwegian immigrant Conrad Hilton.
The Hotels Statler Company was acquired in 1954 for $111,000,000 in what was then the world's largest real estate transaction.
Separated its international operations into a separate traded company on December 1, 1964. Subsequently, Trans World Corp., the holding company for Trans World Airlines, acquired Hilton International Co. in 1967. In 1986, UAL Corp., the holding company for United Airlines acquired Hilton International Co. from Trans World and changed its name to Allegis Corp. as it attempted to re-incarnate itself as a full service travel company encompassing Westin Hotels and Hertz rental cars in addition to Hilton International and United. In 1987 after a corporate putsch, the newly renamed UAL Corp. sold Hilton International to Ladbroke Group, a British leisure and gambling company, which in May 1999 adopted the new moniker Hilton Group plc.
As a result, there have been two separate, fully independent companies operating hotels under the Hilton name. Those Hiltons outside the US were, until recently, styled as Hilton International hotels. In addition, for many years hotels run by the Hilton Group in the US were called Vista International Hotels, while hotels operated by the American arm of Hilton outside the US were named Conrad Hotels. The Vista chain has been phased out, while Conrad is now restyled as the luxury brand of Hilton and operates hotels within the US, as well as abroad. To minimize consumer confusion, the American and British Hilton companies have, for the last few years, had a joint marketing agreement under which they share the same logos, promote each other's brands and maintained joint reservation systems.
On December 29, 2005 Hilton Hotels Corporation agreed to re-acquire Hilton International along with its Conrad Hotels, Scandic Hotels and LivingWell Health Clubs affiliates from British-based Hilton Group (FTSE:HG) for GBP 3.30 billion (or $5.71 billion) bringing the two groups back together. Hilton Group will re-assume the name Ladbroke Group plc. When the deal closes, Hilton Hotels will become the world's largest hotelier surpassing Intercontinental Hotels
The Waldorf=Astoria Collection was announced on January 17, 2005 as a new Luxury Brand.
Hilton brands
- Hilton Hotels
- Conrad Hotels
- Coral by Hilton
- Doubletree
- Embassy Suites Hotels
- Hampton Inn and Hampton Inn & Suites
- Hilton Garden Inn
- Hilton Grand Vacations Club
- Homewood Suites by Hilton
- Scandic Hotels
- The Waldorf=Astoria Collection
- LivingWell Health Clubs operates health and fitness clubs in the group's hotels. It also includes a chain of standalone clubs, which are mainly in the UK, but has a small number of branches in other countries.
- Hilton HHonors
See also
External links
Companies based in Los Angeles County | Companies listed on the New York Stock Exchange | Hospitality companies of the United States | Hotel chains | 1919 establishments
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"Hilton Hotels Corporation"