Hilton (HLT) Expands Luxury Portfolio With Sydell Group Buyout [Yahoo! Finance]
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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ir.hilton.com
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Source: Yahoo! Finance
This move marks HLT's strategic entry into the flourishing luxury hospitality segment, leveraging Sydell Group's acclaimed NoMad brand. Sydell Group, led by Andrew Zobler, has crafted several successful lifestyle brands, including NoMad, known for its exceptional design and culinary experiences. With Sydell Group overseeing design and branding while Hilton drives development, the partnership aims to expand the NoMad brand globally. Approximately 100 NoMad properties are projected to be developed, with discussions for around 10 properties already at an advanced stage. This expansion aligns with Hilton's commitment to catering to evolving guest preferences and offering unique luxury experiences in sought-after locations. The addition of NoMad to Hilton's portfolio complements its existing luxury brands such as Waldorf Astoria, Conrad and LXR Hotels. By integrating NoMad into its commercial platforms, including Hilton Honors, management aims to provide guests with seamless access to
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HLT
Earnings
- 4/24/24 - Beat
HLT
Sec Filings
- 4/26/24 - Form S-3ASR
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- HLT's page on the SEC website