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

HILTON WORLDWIDE HOLDINGS INC.

(HLT)
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Hilton Worldwide : Signs Partnership with Groupe Alliance in Tunis

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12/24/2019 | 08:16am EST

Hilton (NYSE:HLT) (https://www.Hilton.com) will once again be welcoming guests to the Tunisian capital city of Tunis from after a landmark deal was signed with the Groupe Alliance. The new management agreement confirms a flagship Hilton Hotels & Resorts Property in the coastal suburb of Gammarth.

An extensive renovation of Le Palace hotel will now see the property re-brand as Hilton Tunis Gammarth in 2023. A phased renovation of all guest rooms, suites and public spaces (including F&B outlets) will begin in 2021. Once complete the hotel will boast 296 guest rooms and 25 suites, seven F&B outlets and ample meetings facilities including a 635sqm ballroom.

Carlos Khneisser, VP, Development, Hilton, MENA said: "This is a Hotel we have been interested in for some time and we are delighted to have found the right partner, with the Groupe Alliance. We are very confident in their ability to take the project forward and bring Hilton back to the Tunisian market in style. I look forward to working with Samir Jaieb and his team to deliver an exceptional Hilton product."

Samir Jaieb, CEO of Groupe Alliance said: "This hotel is the start of a partnership with the Hilton Group, we are excited to work with the hotel chain to bring the Hilton name in one of the most prestigious hotels in Tunis."

Hilton, which has more than 5,100 hotels globally, recently marked its return to the Moroccan capital with the opening of Hilton Rabat and has a total of 35 properties open or under development in North Africa.

Distributed by APO Group on behalf of Hilton.

Media Contact:

Huw Harrow

Hilton

huw.harrow@hilton.com

+971 564161323

About Hilton:

Hilton (NYSE: HLT) (https://www.Hilton.com) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,100 properties with nearly 838,000 rooms in 103 countries and territories.Hilton isdedicated to fulfilling its mission to be the world's most hospitable company by delivering exceptional experiences -- every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors.Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can't be found anywhere else and free standard Wi-Fi.

Visithttp://bit.ly/35TwRNPfor more information and connect with Hilton onFacebook (http://bit.ly/2ma93TC), Twitter(http://bit.ly/2l20R7Z),LinkedIn(http://bit.ly/36422Gp), Instagram(http://bit.ly/2mtGil7) andYouTube (http://bit.ly/2m2ikgP).

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
HILTON WORLDWIDE HOLDINGS INC. 0.03% 31.99 Delayed Quote.-7.01%
HILTON WORLDWIDE HOLDINGS INC. -0.60% 112 Delayed Quote.1.59%
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Financials (USD)
Sales 2020 9 888 M
EBIT 2020 1 819 M
Net income 2020 965 M
Debt 2020 7 825 M
Yield 2020 0,55%
P/E ratio 2020 31,6x
P/E ratio 2021 26,6x
EV / Sales2020 3,95x
EV / Sales2021 3,77x
Capitalization 31 260 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 115,92  $
Last Close Price 112,67  $
Spread / Highest target 15,4%
Spread / Average Target 2,88%
Spread / Lowest Target -13,9%
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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 Chief Information & Digital Officer
John G. Schreiber Independent Director
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