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Homewood Suites by Hilton is an American chain of all-suite residential-style hotels owned by Hilton Worldwide.As of December 2019, the chain consists of 505 hotels in 4 countries and territories with 57,545 rooms. 490 Homewood Suites hotels are independently owned and operated by franchisees with 55,899 rooms, while 15 hotels are managed with 1,646 rooms. [1]
Hilton Hotels & Resorts [3] (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton Worldwide. [4] The original company was founded by Conrad Hilton. As of December 30, 2019, 584 Hilton Hotels & Resorts properties with 216,379 rooms in 94 ...
The purpose of the 2017 spin-off of Hilton Grand Vacations (and Hilton's lodging real estate investment trust now known as Park Hotels & Resorts) from Hilton Worldwide into separate companies was to transform Hilton Worldwide into an asset-light company, making it more efficient for its shareholders due to it having less capital investments ...
In 1998, Hilton spun off its gambling operations into a separate, publicly held company called Park Place Entertainment (later Caesars Entertainment, Inc.) [53] In 1999, Hilton acquired Promus Hotel Corporation, which included the DoubleTree, Red Lion, Embassy Suites, Hampton Inn, and Homewood Suites brands.
Hilton announced definitive plans in February 2016 to spin off a REIT (Park Hotels & Resorts) and its timeshare business (Hilton Grand Vacations) as separate companies. [7] [8] The spin-offs were completed on January 4, 2017. [9] [10] Park Hotels became the second-largest publicly traded hotel REIT, with holdings of 67 hotels. [8] [10]
Homestead Studio Suites Hotels; Homewood Suites by Hilton; Hyatt House (Hyatt Hotels Corporation) I. InTown Suites; M. MainStay Suites; R. Residence Inn by Marriott; S.
Home2 Suites by Hilton opened its first property in Fayetteville, North Carolina in February 2011. It opened its 50th hotel in 2015. [6]In June 2020, Hilton has signed an exclusive management license agreement with Country Garden's Fanyard Hotels to introduce and develop the Home2 Suites by Hilton brand in China and planned to build more than 1,000 Home2 Suites in China.
It competes with Hilton's Homewood Suites, Hyatt's Hyatt House, Marriott's Residence Inn, and InterContinental's Staybridge Suites in the upper moderate to low upscale segment of the extended-stay market. Since Hawthorn is not an entirely exclusive extended-stay brand, however, it may also compete with Marriott's SpringHill Suites and Comfort ...
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