Hilton Worldwide Holdings (HLT) Company Report

Joint venture of Kemmons Wilson Hospitality Partners and Ascendant Capital Partners acquired all outstanding shares of Sotherly Hotels Inc. for $2.25 per share in cash, following shareholder approval on January 22, 2026.
The deal expands the partners’ portfolio with 10 full-service hotels (2,786 rooms) across seven Southeastern U.S. states.
Schulte Hospitality Group will assume operations of the acquired properties and has invested alongside the JV, aligning management and ownership interests.
Debt financing commitments were provided by affiliates of Apollo and Ascendant; Berkadia arranged the financing, and Piper Sandler & Co. advised Sotherly’s special committee.

19 hours ago

Press Release

Hilton reports Q4 2025 results

HLT

Earnings

Guidance Update

Dividends

Full-year 2025 system-wide RevPAR growth of 40 bps and record adjusted EBITDA of $3.7 billion, up 9% YoY; returned $3.3 billion to shareholders in capital returns, the highest in company history.
Q4 2025 comparable system-wide RevPAR rose 50 bps, with adjusted EBITDA of $946 million (+10% YoY) and adjusted diluted EPS of $2.08; management and franchise fees grew 7.4% YoY.
For Q1 2026, guidance calls for system-wide RevPAR growth of 1–2%, adjusted EBITDA of $875–895 million, and adjusted EPS of $1.91–1.97; full-year 2026 outlook includes RevPAR growth of 1–2%, adjusted EBITDA of $4.00–4.04 billion, and adjusted EPS of $8.65–8.77.
Development momentum: added nearly 100,000 rooms in 2025 (net unit growth of 6.7%); pipeline exceeds 520,000 rooms, with expected net unit growth of 6–7% in 2026.
Expanded brand portfolio and loyalty: loyalty program neared 250 million members, launched Apartment Collection by Hilton, opened over 40 Tapestry properties, and celebrated multiple luxury and lifestyle brand milestones.

2 days ago

Transcript

Hilton Worldwide reports Q4 2025 results

HLT

Earnings

Guidance Update

Share Buyback

Solid Q4 and FY 2025 performance: Q4 system-wide RevPAR up 0.5% and FY RevPAR +40 bps; Q4 adjusted EBITDA of $946 M (+10% YoY) and record FY adjusted EBITDA of $3.7 B (+9%); Q4 adjusted EPS $2.08
Robust capital return: Returned $3.3 B to shareholders in 2025 (record), paid Q4 dividend of $0.15/share and board authorized $0.15/share quarterly dividend; expects $3.5 B in buybacks and dividends in 2026
Strong development and pipeline: Opened nearly 200 hotels (26k rooms) in Q4 and added ~100k rooms in FY for 6.7% net unit growth; pipeline at >520k rooms, supporting 6–7% net unit growth target for 2026
2026 guidance: Q1 RevPAR growth 1–2%, adjusted EBITDA $875–895 M, adjusted EPS $1.91–1.97; FY RevPAR growth 1–2%, EBITDA $4.00–4.04 B, adjusted EPS $8.65–8.77 (excludes repurchases)

2 days ago

Transcript

Hilton reports Q4 2025 results and 2026 outlook

HLT

Earnings

Guidance Update

Dividends

In Q4, system-wide RevPAR rose 0.5% and full-year RevPAR grew 0.4%, driving Q4 adjusted EBITDA of $946 million (+10% YoY) and a record FY 2025 adjusted EBITDA of $3.7 billion; Q4 adjusted EPS was $2.08.
Hilton returned $3.3 billion to shareholders in 2025—the highest on record—and paid a $0.15/share Q4 dividend, with ~$3.5 billion planned for 2026 in buybacks and dividends.
Development added nearly 200 hotels (26,000 rooms) in Q4 and ~100,000 rooms full-year for 6.7% net unit growth; pipeline reached >520,000 rooms, targeting 6–7% net unit growth in 2026.
2026 guidance includes Q1 RevPAR growth of 1–2%, $875–895 million in Q1 adjusted EBITDA, $1.91–1.97 Q1 adjusted EPS; full-year 2026 targets 1–2% RevPAR growth, $4.0–4.04 billion adjusted EBITDA, and $8.65–8.77 adjusted EPS.

2 days ago

Transcript

Hilton reports Q4 2025 earnings and 2026 guidance

HLT

Earnings

Share Buyback

Guidance Update

Hilton delivered Q4 diluted EPS of $1.27 and full-year EPS of $6.12, with adjusted diluted EPS of $2.08 for Q4 and $8.11 for the full year.
Net income was $298 million in Q4 and $1,461 million for 2025, while adjusted EBITDA reached $946 million in Q4 and $3,725 million for the year.
System-wide comparable RevPAR rose 0.5% in Q4 and 0.4% for the full year on a currency-neutral basis.
Returned capital through the repurchase of 2.8 million shares in Q4 (totaling $792 million) and $3.3 billion for 2025, and issued $1.0 billion of 5.500% Senior Notes due 2034.
Full-year 2026 guidance: RevPAR +1.0–2.0%, net income of $1,982–$2,011 million, adjusted EBITDA of $4,000–$4,040 million, capital return of $3.5 billion, and net unit growth of 6.0–7.0%.

2 days ago

8-K

Hilton reports Q4 and full year 2025 results

HLT

Earnings

Guidance Update

Share Buyback

Diluted EPS of $1.27 in Q4 and $6.12 for FY 2025; adjusted EPS of $2.08 in Q4 and $8.11 for FY 2025
Net income of $298 million in Q4 and $1,461 million for FY 2025; Adjusted EBITDA of $946 million in Q4 and $3,725 million for FY 2025
Comparable RevPAR increased 0.5% in Q4 and 0.4% for FY 2025 on a currency-neutral basis
Added 97,000 rooms in 2025 (net unit growth of 6.7%) and grew the development pipeline to 520,500 rooms as of December 31, 2025
Capital return of $792 million in Q4 and $3.3 billion for FY 2025 via dividends and repurchases; board authorized an additional $3.5 billion buyback

2 days ago

Press Release

Hilton reports 6.7% net unit growth in 2025

HLT

New Projects/Investments

Product Launch

Guidance Update

6.7% net unit growth, adding nearly 800 hotels and 100,000 rooms, and closing the year with a record 520,000 rooms under development.
Signed over 1,000 new hotels (~140,000 rooms) and now has more than 3,700 hotels in its development pipeline.
Launched two new brands—Apartment Collection and Outset Collection—and expanded luxury and lifestyle offerings, surpassing 9,000 operating hotels across 143 countries.
Broke its record with nearly 100,000 rooms started in 2025 and anticipates 6–7% net unit growth in 2026.

Jan 26, 2026, 1:00 PM

Press Release

Hilton introduces Apartment Collection by Hilton

HLT

Product Launch

Hilton introduces Apartment Collection by Hilton, a new lodging category offering studio to four-bedroom furnished apartments through an initial partnership with Placemakr, launching in H1 2026 in U.S. markets such as New York City, Washington, D.C. and Atlanta.
The company currently manages ~10,000 apartment-style units globally and expects to add up to 3,000 units via the Placemakr partnership, with further growth through additional franchise agreements in the multi-family segment.
Each property features chef-ready kitchens, separate living areas, on-site laundry and 24/7 on-site support, all integrated into Hilton’s booking platform and Hilton Honors loyalty program (over 235 million members).
The partnership leverages Placemakr’s decade of furnished apartment expertise and Hilton’s trusted brand standards to meet growing demand for flexible and extended-stay accommodations.

Jan 15, 2026, 12:02 PM

Press Release

Hilton Worldwide issues $1 billion 5.500% Senior Notes due 2034

HLT

Debt Issuance

$1 billion aggregate principal of 5.500% Senior Notes due March 31, 2034 issued at par; interest payable semi-annually on June 1 and December 1, beginning June 1, 2026.
Net proceeds will redeem all $500 million of 5.750% Senior Notes due 2028 and fund general corporate purposes.
Notes rank as senior unsecured obligations, equally with existing senior debt and are guaranteed by Hilton Domestic Operating Company’s parent entities and subsidiaries.
Redemption at issuer’s option: make-whole premium before December 1, 2028; thereafter at declining premiums of 102.750%, 101.375% and 100.000% through 2030; holders may require repurchase at 101% upon change of control.

Dec 11, 2025, 9:05 PM

8-K

Hilton announces $1B senior notes offering

HLT

Debt Issuance

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.