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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Apr. 16, 6:04 PM

Slide #83. Hilton Sydell Group

Acquirer: Hilton (NYSE:HLT)
Acquiree: Sydell Group
Details: Hilton (NYSE:HLT) today announced it has acquired a majority controlling interest in Sydell Group ("Sydell") to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. The addition of NoMad to Hilton's brand portfolio marks the global hospitality leader's entry into the fast-growing luxury lifestyle hotel market with a meticulously designed brand defined by exceptional food and beverage, interior design and service.

Hilton Worldwide Holdings is a holding company. Through its subsidiaries, Co. is engaged in hospitality with operations the following segments: management and franchise, which includes all of the hotels Co. manages for third-party owners, as well as all franchised hotels operated or managed by someone other than Co.; and Ownership, which primarily provides nightly hotel room sales, food and beverage sales and other services at its owned and leased hotels. Hilton Honors is Co.'s guest loyalty program that rewards guests with points for each stay at its properties, which are then redeemable for free room nights at its properties and other goods and services.

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Company Name:  Hilton Worldwide Holdings Inc
Stock buyback:  HLT buyback
Website:  www.hiltonworldwide.com
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding HLT:  102
Total Market Value Held by ETFs:  $7.11B
Total Market Capitalization:  $51.72B
% of Market Cap. Held by ETFs:  13.74%
 

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April 16, 2024    6:04 PM Eastern
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Buy (2.76 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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