Hilton Worldwide Holdings (HLT) Company Report

Hilton Domestic Operating Company Inc. agreed to issue $1 billion of 5.500% Senior Notes due 2034 in a private Rule 144A/Reg S offering, expected to close December 10, 2025.
Notes will be issued at 100% of par, pay interest semi-annually on June 1 and December 1 (first payment June 1, 2026), and mature March 31, 2034.
Net proceeds will redeem $500 million of existing 5.750% Senior Notes due 2028, cover related fees, with remaining funds for general corporate purposes.
Press releases announcing the launch and pricing of the offering are attached as Exhibits 99.1 and 99.2 to the 8-K.

2 days ago

8-K

Hilton reports Q3 2025 results

HLT

Earnings

Guidance Update

Share Buyback

Systemwide RevPAR decreased 1.1% in Q3 on a comparable basis, with U.S. RevPAR down 2.3%; full-year RevPAR now expected to be flat to +1%.
Adjusted EBITDA rose 8% to $976 million and adjusted EPS was $2.11, both exceeding guidance.
Net unit growth of 6.5% with 199 hotel openings (~24,000 rooms) in Q3; pipeline at 515,000 rooms (~50% under construction) and full-year growth targeted at 6.5%–7%.
Returned $3.3 billion to shareholders year-to-date via buybacks and dividends; Q3 dividend $0.15/share and Q4 dividend $0.05/share declared.
Conversions accounted for ~40% of 2025 openings; global new development starts up ~20% year-over-year, still below 2019 levels, indicating runway for growth.

Oct 22, 2025, 1:00 PM

Transcript

Hilton announces Q3 2025 results

HLT

Earnings

Guidance Update

Share Buyback

System-wide RevPAR decreased 1.1% year-over-year in Q3 2025; full-year RevPAR now expected to be flat to up 1%.
Adjusted EBITDA of $976 million (up 8% y/y) and adjusted EPS of $2.11, both exceeding the high end of guidance.
Net unit growth of 6.5% with 199 hotel openings (over 24,000 rooms); development pipeline exceeds 515,000 rooms.
Launched Outset Collection by Hilton, the 25th brand with 60 hotels in development and potential for 500 North American properties.
Expect >50% free cash flow conversion for the year and plan to return $3.3 billion via buybacks and dividends (Q3 dividend of $0.15 per share).

Oct 22, 2025, 1:00 PM

Transcript

Hilton reports stronger Q3, lowers 2025 RevPAR forecast

HLT

Earnings

Guidance Update

Demand Weakening

Hilton posted $420 million in Q3 net income (EPS $1.78), up from $344 million (EPS $1.38) a year earlier.
Adjusted EPS of $2.11 topped expectations of $2.06, as revenue rose 8.8% to $3.12 billion.
The company cut its FY2025 RevPAR growth forecast to up to 1% from up to 2%, citing softer U.S. travel demand.
Raised FY2025 adjusted EPS guidance to $7.97–$8.06, while trimming GAAP EPS guidance to $6.71–$6.80.
Hilton projects Q4 RevPAR growth of 1.0%, adjusted EBITDA of $906 million–$936 million, and GAAP EPS of $1.87–$1.96.

Oct 22, 2025, 10:49 AM

Morningstar

Hilton announces Q3 2025 earnings

HLT

Earnings

Guidance Update

Share Buyback

Diluted EPS of $1.78 and Adjusted EBITDA of $976 million, with net income of $421 million in Q3 2025.
System-wide comparable RevPAR declined 1.1% year-over-year in Q3 2025.
Returned $792 million in capital in Q3 2025, including repurchase of 2.8 million shares; year-to-date capital return of $2.671 billion through October 2025.
Full-year 2025 guidance: RevPAR flat to +1%, net income of $1.604–$1.625 billion, Adjusted EBITDA of $3.685–$3.715 billion, and capital return of ~$3.3 billion.

Oct 22, 2025, 10:01 AM

8-K

Hilton reports Q3 2025 results

HLT

Earnings

Share Buyback

Guidance Update

Hilton delivered diluted EPS of $1.78, net income of $421 million and adjusted EBITDA of $976 million for Q3 2025.
System-wide comparable RevPAR declined 1.1% on a currency-neutral basis versus Q3 2024.
Approved 33,000 new rooms, bringing the development pipeline to 515,400 rooms as of September 30, 2025, up 5% year-over-year.
Repurchased 2.8 million shares in the quarter, returning $792 million of capital (with $2.671 billion YTD through October).
Maintained FY 2025 guidance for flat to +1.0% RevPAR growth, net income of $1.604–$1.625 billion, adjusted EBITDA of $3.685–$3.715 billion, and ~$3.3 billion in capital return.

Oct 22, 2025, 10:00 AM

Press Release

Access Point Financial purchases $98 M of Atrium Hotels refinancing

HLT

Debt Issuance

New Projects/Investments

APF purchased $98 million of the H and JRR risk retention bond classes, representing the most subordinate 15% tranche of the $653 million Atrium Hotels refinancing.
This marks APF’s second transaction with Atrium, following a $133.1 million bond purchase in a prior GS-led offering.
The refinancing covers a 15-hotel portfolio (3,892 total keys) across 12 states, including eight Embassy Suites by Hilton, one Hilton, one Renaissance, one Sheraton, two Residence Inns by Marriott, and two Courtyard by Marriott properties.
Atrium Holding Company plans to invest approximately $68 million in property renovations.
APF recently refinanced $1.1 billion of floating-rate mortgage loans with ATLAS SP Partners, enhancing its capital deployment capacity.

Aug 18, 2025, 12:55 PM

Press Release

Hilton reports Q2 2025 results

HLT

Earnings

Guidance Update

Share Buyback

Q2 systemwide RevPAR declined 0.5%, U.S. RevPAR down 1.5%, with Adjusted EBITDA of $1.08 B (+10% YoY) and Adjusted EPS of $2.20.
Q3 guidance: RevPAR flat to modestly down; Adjusted EBITDA $935–955 M; Adjusted EPS $1.98–2.04. Full-year outlook: RevPAR growth 0–2%, Adjusted EBITDA $3.65–3.71 B, Adjusted EPS $7.83–8.00.
Returned $1.7 B YTD through buybacks/dividends; full-year capital return target of $3.3 B; Q3 dividend set at $0.15/share.
Development pipeline exceeds 510,000 rooms (≈50% under construction); Q2 net unit growth 7.5%, with full-year net growth expected at 6–7%.

Jul 23, 2025, 4:00 PM

Hilton’s Hampton Inn brand drives profitability and global expansion

HLT

M&A

New Projects/Investments

Hampton Inn launched in 1984 as a mid-scale alternative offering free breakfast and a 100% satisfaction guarantee, quickly becoming profitable through simplicity and consistency.
Hilton acquired Hampton’s parent company in 1999 for ~$4 billion, elevating the brand and growing its portfolio from ~1,000 to over 3,000 hotels worldwide.
The brand operates an asset-light franchise model: only 47 of 8,497 Hampton properties are owned or leased by Hilton (<1%).
Hampton delivers strong performance, selling 90 million+ room nights annually and outperforming U.S. competitors by 21% in RevPAR, at a global average nightly rate of $125.
Over half of new Hampton developments are abroad—with China as its second-largest market and 75 hotels planned in India—and Hilton aims to grow to 9,000 Hampton properties in 20 years.

Jul 7, 2025, 8:00 AM

Bloomberg Originals

Hilton Worldwide upsizes offering of 5.750% Senior Notes due 2033

HLT

Debt Issuance

Hilton’s indirect subsidiary, Hilton Domestic Operating Company Inc., has priced $1 billion of 5.750% Senior Notes due September 15, 2033, increasing the size from an initial $500 million commitment.
The offering is expected to close on July 7, 2025, subject to customary closing conditions.
Net proceeds will repay $515 million under its senior secured revolving credit facility, with remaining funds used for general corporate purposes.

Jul 7, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Hilton Worldwide Holdings.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Christopher J. Nassetta say about margins?What are Hilton Worldwide Holdings's strategic priorities?How is Hilton Worldwide Holdings positioned vs competitors?How did Hilton Worldwide Holdings do last quarter?

Let Fintool AI Agent track Hilton Worldwide Holdings's earnings for you

Get instant analysis when filings drop