Travel Business News: Hilton Worldwide Holdings Inc. Completes Spin-off of Park Hotels & Resorts and Hilton Grand Vacations

Park Hotels & Resorts and Hilton Grand Vacations Begins “Regular Way” Trading On The New York Stock Exchange

Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) has announced the completion of the spin-offs of Park Hotels & Resorts Inc. (“Park”) and Hilton Grand Vacations Inc. (“HGV”), resulting in three independent, publicly traded companies.

Park and HGV began “regular way” trading on the New York Stock Exchange on January 4, 2017, under the ticker symbols “PK” and “HGV,” respectively. Hilton also effected a previously-announced 1-for-3 reverse stock split, and will continue to trade on the NYSE under the ticker symbol “HLT.”hilton_frame_black

Hilton is a leading global hospitality company, comprising more than 4,800 managed, franchised, owned and leased hotels and timeshare properties with nearly 789,000 rooms in 104 countries and territories. For 97 years, Hilton has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton.

The company also manages an award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where Hilton HHonors members can check-in, choose their room, and access their room using a Digital Key. (Visit www.hiltonworldwide.com for more information and connect with Hilton on Facebook, Twitter, YouTube, Flickr, LinkedIn and Instagram.)

Hilton will continue to be led by Christopher J. Nassetta, president and chief executive officer (CEO). Kevin J. Jacobs will continue to serve as Hilton’s executive vice president and chief financial officer (CFO) and Michael W. Duffy will continue to serve as Hilton’s senior vice president and chief accounting officer.

These spin-offs are an important milestone in Hilton’s continued evolution as the world’s most hospitable company,” said Nassetta. “The new Hilton is a fee-based, capital efficient, and resilient business with tremendous growth potential around the world. We believe this will result in opportunities for our team members and meaningful returns for our hotel owners and shareholders.”Print

Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. The Company’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets with high barriers to entry.

Park, headquartered in McLean, Virginia, is led by Thomas J. Baltimore, Jr., chairman, president & CEO. Sean M. Dell’Orto serves as Park’s executive vice president and CFO and Treasurer, and Darren W. Robb serves as Park’s senior vice president and chief accounting officer. For additional information, please visit the Company’s website at www.pkhotelsandresorts.com.

Today’s transaction positions Park Hotels & Resorts as the second largest lodging REIT and a key player in the market,” said Baltimore. “We believe our size, scale, and high-quality portfolio will enable us to capitalize on meaningful growth opportunities.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized within the industry as a leading global timeshare company. With headquarters in Orlando, Fla., Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. HGV’s 46 resorts are located in premier markets, including the Hawaiian Islands, New York City, Orlando and Las Vegas. The company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 260,000 Club Members.hgv_corplogo_color_rgb

HGV is led by Mark Wang, president & CEO. James E. Mikolaichik serves as HGV’s executive vice president and CFO and Allen Klingsick serves as senior vice president and chief accounting officer. For more information, visit www.hgv.com and www.hiltongrandvacations.com.

Hilton Grand Vacations is a premier operator and rapidly growing company in the timeshare industry,” said Wang. “We are focused on adding value for our members, continued net owner growth, and delivering a strong return on our capital efficient business.

The companies were provided financial advice by Deutsche Bank Securities, Goldman Sachs & Co. and BofA Merrill Lynch, legal advice by Simpson Thacher, Hogan Lovells and Womble Carlyle, and tax advice by Ernst & Young and KPMG.

Now Taking Reservations: Hilton Bali Resort Welcomes Guests in the Heart of Nusa Dua

Hilton Hotels & Resorts Debuts in Bali with Stunning Cliff-Top Getaway

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Hilton Bali Resort Aerial View

Hilton Hotels & Resorts has announced the opening of Hilton Bali Resort, which joins 130 distinguished resort properties across the Hilton portfolio located in some of the world’s most sought-after destinations. Designed for travelers seeking relaxation and rejuvenation, Hilton Bali Resort (located at Jalan Raya Nusa Dua Selatan, Bali, Indonesia) brings breathtaking views, extensive recreation facilities and magnificent event space to the Nusa Dua Beach enclave on Bali’s southern peninsula.

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Hilton Bali Resort Pool Aerial View

Hilton Bali Resort is a significant addition to our flagship brand portfolio, bringing Hilton Hotels & Resorts’ renowned hospitality to one of the world’s premier island destinations,” said Sean Wooden, vice president, brand management, Asia Pacific, Hilton. “Hilton continues to deliver world-class service and product innovations that meet the changing needs of discerning travelers and Hilton Bali Resort is well positioned to deliver exceptional experiences to every guest, every time.

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HiltonBali Resort Hotel Front Desk Lobby

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Hilton Bali Resort Lobby Bar

Hilton Bali Resort is situated atop a 40-meter cliff in the prestigious Nusa Dua area of Bali’s southern peninsula. Hilton Bali Resort is set within a lush 28-acre compound. Each of its 389 guest rooms and suites combine modern amenities with local Balinese charm and feature private balconies and terraces overlooking the Indian Ocean or the hotel gardens. Guests may also choose to stay in one of 19 exclusive villas which feature a private plunge pool, gazebo, separate living area, round-the-clock butler service and access to the private Nusa Dua Villa Lounge, or an Executive Room, which has access to the Executive Lounge. Hilton Bali Resort’s extensive recreational facilities boast four interconnecting swimming pools including an adult-only pool, a sand lagoon, a 30-meter waterslide and a Jungle Kid’s Club with indoor and outdoor playgrounds, and a 360-degree observation deck. In addition, guests may enjoy a sun deck, sauna, hot tub and gym, as well as a Mandara Spa, three indoor tennis courts and a retail outlet.

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Hilton Bali Resort’s Kupu-Kupu Amphitheater

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Hilton Bali Resort Executive Lounge

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Hilton Bali Resort’s Multi-Funtion Banquet Room

While offering direct access to one of the most picturesque beaches on the island, the property is also within 1.3 kilometers of the 18-hole Bali National Golf Course and various watersports centers, and 3.7 kilometers from the Bali Nusa Dua Convention Center. Ngurah Rai International Airport and the Kuta shopping district are also approximately 15 kilometers from the hotel via the Mandara toll road.

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Nusa Dua One Bedroom Villa

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Nusa Dua One Bedroom Villa

Hilton Bali Resort is a testament to the confidence we have in this stunning resort destination and our deep commitment to serving the burgeoning market of Indonesia. This opening marks our fifth property in Indonesia and third in Bali alongside Conrad Bali and Hilton Garden Inn Bali – Ngurah Rai Airport,” said William Costley, vice president, operations, South East Asia & India, Hilton. “The location makes the hotel a great base for travelers visiting Bali, and positions us well to capture opportunities from Bali’s rising inbound and domestic tourism.” Continue reading

Travel: Curio – A Collection by Hilton Debuts Indura Beach & Golf Resort, a Resort Property in Honduras

Indura Beach & Golf Resort joins Curio Collection as first property in Central America

Steps from the crystal-blue Caribbean Sea in Honduras, Indura Beach & Golf Resort has joined Curio – A Collection by Hilton. As Hilton’s rapidly-expanding global collection of distinctive upscale hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. Owned by Desarrollo Turistico Bahía de Tela S.A de C.V (DTBT) and managed by Trust Hospitality, the 60-suite Indura Beach & Golf Resort marks Curio’s first property in Central America. Easily downloadaccessible from all international airports, including San Pedro Sula International and La Ceiba International Airport which are both approximately 55 miles away, Indura Beach & Golf Resort is located inside Jeannette Kawas National Park at Tela, Honduras.

To celebrate the hotel’s addition to the Curio Collection, guests will enjoy 1,000 points per night (capped at 5,000 bonus points), for stays from December 1, 2016 to May 30, 2017. Gold HHonors members staying at Indura Beach & Golf Resort will enjoy complimentary breakfast for up to two registered guests per room or choice of bonus points and Diamond HHonors members will enjoy complimentary breakfast and bonus points.

Curio – A Collection by Hilton™ (curio.com), launched in 2014, is a global set of hand-picked upscale hotels that meet independent-minded travelers’ desire for local discovery and authentic experiences, all while providing the quiet reassurance and support of the Hilton name and its award-winning Hilton HHonors program.

Hilton currently has a portfolio of more than 90 hotels and resorts open and welcoming travelers in Latin America. The company is actively pursuing additional Latin American growth opportunities and currently has a robust pipeline of more than 60 projects across the region.

We are honored to continue our growth in the region by welcoming the first Curio property in this spectacular destination,” said Mark Nogal, global head, Curio – A Collection by Hilton. “Indura Beach & Golf Resort, Curio Collection by Hilton mixes luxury and environmentally conscious amenities, offering guests a truly authentic travel experience.”

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Indura Beach & Golf Resort joins Curio Collection as first property in Central America

With 26 miles of the picturesque Tela Bay on the North Coast of Honduras as its backdrop, and Jeanette Kawas National Park as its surroundings, Indura Beach & Golf Resort is part of a larger destination resort that will eventually include two to three hotels and 800 residential units. “Indura” is the Garifuna word for Honduras and the resort strives to incorporate the culture of the Garifuna people – descendants of Caribe, Arawak and West African people – into its offerings, with local Honduran products and sustainable materials used in its construction.

Located in the middle of the country’s largest national park, our intimate resort is fully integrated with its natural protected surroundings while offering exclusive amenities and activities to our guests, setting us apart from other offerings in the market,” said Camilo Atala, president of Fondo Hondureño de Inversión en Turismo (FHIT), part of Desarrollo Turistico Bahía de Tela S.A de C.V.During guests’ stay at Indura Beach & Golf Resort, Curio Collection by Hilton, they will not only experience the tremendous pride and passion our talented team has for our beloved Honduras, but they will also feel inspired to seek out new discoveries authentic to the local culture.

Dotting a lush tropical landscape, the hotel’s 60 Junior Suites are located in 15 scattered villas, interconnected by footpaths that meander to a pristine beach. The design of each guest room thoughtfully reflects the Honduran architecture and tropical style combined with sophisticated and modern elegance. Guest room highlights include bamboo floors, pine walls, decorative accents of Guanacaste wood and floor-to-ceiling windows that slide open to breezy wrap-around terraces with ocean, golf course or garden views.

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Home to the first championship 18-hole golf course in Honduras, the course at Indura was designed by Gary Player, one of the greatest golfers in the history of the game.

The property features the first championship 18-hole golf course in Honduras. Set on 1,800 acres, the golf course was designed by professional golfer Gary Player and is overseen by Troon Golf, the world’s largest luxury golf management company. The course is framed by picturesque golden sand beaches, blue lagoons and native lush wetland vegetation. Continue reading

WALDORF ASTORIA SHANGHAI ON THE BUND WINS 2013 TRIPADVISOR TRAVELERS’ CHOICE AWARD

THE FIRST WALDORF-ASTORIA HOTEL IN ASIA SWEEPS THE AWARD BY GLOBAL TRAVELERS ON THE POPULAR TRAVEL SITE.

Waldorf Astoria Shanghai on the Bund.  (PRNewsFoto/Waldorf Astoria Hotels & Resorts)

Waldorf Astoria Shanghai on the Bund. (PRNewsFoto/Waldorf Astoria Hotels & Resorts)

Savvy globetrotters have spoken. The luxury heritage hotel, WALDORF ASTORIA SHANGHAI ON THE BUND, was voted their favorite in Shanghai, taking the Number One spot and beating over 2,891 other hotels to clinch TRIPADVISOR’S TRAVELERS’ CHOICE 2013 AWARD.

Waldorf Astoria Shanghai on the Bund

Waldorf Astoria Shanghai on the Bund

Continue reading