Hilton Worldwide Hldgs Inc Stock Price, News & Analysis

Hilton reported significant impacts from the COVID-19 pandemic, revealing a diluted EPS of $(0.80) in Q4 and $(2.56) for 2020. The company faced a net loss of $225 million for Q4 and $720 million for the full year. Adjusted EBITDA stood at $204 million and $842 million for the respective periods. Comparable RevPAR dropped 59.2% in Q4 and 56.7% for the year. Despite challenges, Hilton opened 22,900 rooms in Q4, achieving 5.1% net unit growth. As of February 2021, 97% of its hotels were operational. Hilton's long-term debt was $10.6 billion, with significant liquidity maintained.

On February 17, 2021, Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its fourth quarter and full year 2020 financial results prior to market opening. The conference call, led by CEO Christopher J. Nassetta and CFO Kevin Jacobs, will commence at 10:00 a.m. ET. Participants can join via the Hilton Investor Relations website or by dialing into the call. A replay will be available for seven days. Hilton, boasting over 6,300 properties worldwide, continues to enhance its operations with the Hilton CleanStay program, ensuring high cleanliness standards.

Hilton Worldwide Holdings (NYSE: HLT) announced its indirect subsidiary, Hilton Domestic Operating Company, has finalized a $1.5 billion offering of 3.625% Senior Notes due 2032. The offering is scheduled for completion on February 2, 2021, pending customary closing conditions. Proceeds will be used alongside available cash to redeem all outstanding 5.125% Senior Notes due 2026. The Notes are exempt from registration under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons.

Hilton Worldwide Holdings plans to offer $1.5 billion in Senior Notes due 2032, aiming to redeem existing 5.125% Senior Notes due 2026. The offering proceeds will be combined with available cash. The new Notes are unregistered and will only be sold to qualified institutional buyers and certain non-U.S. persons under specific regulations. The press release includes forward-looking statements that highlight potential risks, including impacts from COVID-19, competition, and economic factors affecting Hilton's operations.

Dart Interests unveils the Evermore Orlando Resort, a significant redevelopment of the former Villas at Grand Cypress, covering 1,100 acres near Walt Disney World®. This project aims to revolutionize vacation rentals by centralizing ownership to ensure quality accommodations, with plans for over 10,000 bedrooms. The resort will debut with nearly 1,500 rooms, including luxury offerings from the Conrad Hotels & Resorts brand. The first phase opens in summer 2023, featuring amenities like a 20-acre beach complex, extensive dining options, and meeting spaces, targeting a new hospitality category.

Hilton is launching its EventReady Hybrid Solutions to meet the rising demand for hybrid meetings and events. This initiative includes features such as a portfolio of hybrid-ready hotels, resources for planners, and ongoing training for team members. The offerings are designed to ensure seamless connectivity and enhance overall event experiences. The global rollout of these solutions is set to begin this month, including an expanded EventReady Playbook with valuable tips and case studies.

Hilton (NYSE: HLT) demonstrated resilience amid the pandemic challenges, hitting a milestone of 1 million rooms globally by Q4 2020. The company introduced Hilton CleanStay for enhanced cleanliness and launched innovative guest services, such as WorkSpaces by Hilton. Its development pipeline includes 2,640 hotels with over 408,000 rooms. Notable openings include properties in the Americas and APAC. Hilton's commitment to community support included donations for frontline workers and notable sustainability efforts, maintaining its leadership in the Dow Jones Sustainability Indices.

Hilton Daytona Beach Oceanfront Resort is set to host the New Year's Eve Beach Bash concert on December 31, 2020, featuring top country artists Lee Brice, Tyler Farr, and Pryor & Lee. This unique outdoor vertical concert will allow attendees to enjoy performances from their hotel balconies, ensuring social distancing. Tickets start at $125 and include accommodations and dining options. Safety protocols will be enforced, and a portion of proceeds will benefit local Boys and Girls Clubs.

Hilton Worldwide Holdings Inc. (NYSE: HLT) announced a successful upsizing of its offering, reaching $1.9 billion in aggregate principal amount of Senior Notes. This includes $800 million of 3.750% Senior Notes due 2029 and $1.1 billion of 4.000% Senior Notes due 2031. The offering aims to redeem outstanding Senior Notes due 2024 and 2025, with consummation expected by December 1, 2020. The Notes have not been registered under the Securities Act of 1933, and the offering is aimed at qualified institutional buyers and certain non-U.S. persons.