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MarketScreener Homepage  >  Equities  >  Nyse  >  Hilton Worldwide Holdings Inc.    HLT

HILTON WORLDWIDE HOLDINGS INC.

(HLT)
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Hilton Okinawa Miyako Island Resort Set to Open in 2023; Hilton expands footprint in Japan with debut of first property away from Okinawa Main Island

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02/28/2020 | 08:44am EDT

TOKYO, Japan and MCLEAN, Va. - Hilton (NYSE: HLT) today announced that the company entered into a management agreement with Mitsubishi Estate Co., Ltd. scheduled to open Hilton Okinawa Miyako Island Resort in 2023. Constructed by Mitsubishi Estate and Kajima Corporation, this will be Hilton's first property on Miyako Island, located approximately 300km southwest from Okinawa's main island.

Hilton Okinawa Miyako Island Resort will join Hilton's portfolio of six hotels in Okinawa presently operating under two brands, including Hilton Hotels & Resorts and DoubleTree by Hilton.

Known for its clear blue waters and home to the popular Yonaha Maehama Beach, Miyako Island is a popular resort destination among Japanese locals. Located on the waterfront close to the photogenic Irabu Bridge that connects the islands of Miyako and Irabu, facilities offered by the new-built 329-room hotel include restaurants, fitness amenities, meeting and function spaces, as well as a banquet hall, swimming pool, spa, chapel and an executive lounge and ocean-view rooftop bar.

'We are delighted to be partnering with Mitsubishi Estate for the Hilton Okinawa Miyako Island Resort,' said Guy Phillips, senior vice president, development, Asia & Australasia, Hilton. 'With Miyakojima's growing popularity as a tourism destination for both domestic and international travellers, we look forward to welcoming more guests to the island and creating more memorable experiences for them.'

Over the years, Okinawa has become an increasingly popular tourist destination for those seeking a tropical beach vacation in Japan. The Miyako Shimojishima Airport Terminal was also opened in March 2019, offering both international and domestic flights, further enhancing the accessibility and popularity of Miyako Island.

'We signed a management agreement with Mitsubishi Estate for our first property on one of the outlying islands of Okinawa - the sixth Hilton property in Okinawa Prefecture, including those in the pipeline,' said Timothy Soper, vice president, operations, Japan, Korea and Micronesia, Hilton. 'We look forward to welcoming guests to Miyako Island with the outstanding Hilton hospitality that we have been known for over the past century.'

'We are thrilled to announce the signing of Hilton Okinawa Miyako Island Resort, in partnership with Hilton,' said Yuji Fujioka, senior executive officer, Mitsubishi Estate Co., Ltd. 'The property underlines our commitment in nurturing the development of Miyako Island and Okinawa Prefecture by promoting both domestic and international tourism. With the expertise and resources of Mitsubishi Estate, Kajima Corporation and Hilton, we look forward to providing guests with an exceptional experience in Miyako Island.'

About Mitsubishi Estate

A comprehensive real estate developer, Mitsubishi Estate Co., Ltd. boasts the leading position in the Japanese market, operating a spectrum of businesses in diverse fields related to real estate, including an office building business centered on the Marunouchi district in central Tokyo, a retail property business, a residential business, a hotel business and airport business. The Company's area of operations is not confined to Japan; it includes the United States and the United Kingdom and extends to such Asian countries as China, Chinese Taipei, Singapore, Indonesia and Vietnam.

About Hilton Hotels & Resorts

Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With 584 hotels across six continents, Hilton Hotels & Resorts properties are located in the world's most sought-after destinations for guests who know that where they stay matters. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Begin your journey at www.hiltonhotels.com, and learn more by visiting newsroom.hilton.com/hhr and following Hilton Hotels & Resorts on Facebook, Twitter, and Instagram.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,100 properties with more than 971,000 rooms, in 119 countries and territories. Dedicated to fulfilling its mission to be the world's most hospitable company, Hilton welcomed more than 3 billion guests in its 100-year history, earned a top spot on the 2019 World's Best Workplaces list, and was named the 2019 Global Industry Leader on the Dow Jones Sustainability Indices. Through the award-winning guest loyalty program Hilton Honors, more than 103 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

CONTACT

Emiko Ogami

Hilton - Japan, Korea and Micronesia

+81 3 6890 9837

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HILTON WORLDWIDE HOLDINGS INC. -1.62% 79.31 Delayed Quote.-28.49%
KAJIMA CORPORATION -1.45% 1222 End-of-day quote.-16.19%
MITSUBISHI ESTATE CO., LTD. -2.70% 1713 End-of-day quote.-18.02%
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Financials (USD)
Sales 2020 6 015 M - -
Net income 2020 -10,7 M - -
Net Debt 2020 6 942 M - -
P/E ratio 2020 -722x
Yield 2020 0,17%
Capitalization 21 990 M 21 990 M -
EV / Sales 2019
EV / Sales 2020 4,81x
Nbr of Employees 173 000
Free-Float 81,6%
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Technical analysis trends HILTON WORLDWIDE HOLDINGS
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Mean consensus HOLD
Number of Analysts 27
Average target price 78,54 $
Last Close Price 79,31 $
Spread / Highest target 28,6%
Spread / Average Target -0,97%
Spread / Lowest Target -19,3%
EPS Revisions
Managers
NameTitle
Christopher J. Nassetta President, Chief Executive Officer & Director
Jonathan D. Gray Non-Executive Chairman
Kevin J. Jacobs Chief Financial Officer & Executive Vice President
Noelle K. Eder Executive VP, Chief Information & Digital Officer
John G. Schreiber Independent Director
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