Hilton Worldwide Holdings Inc. - HLT STOCK NEWS

The Sable at Navy Pier, a milestone for Curio Collection by Hilton, opens on March 18, 2021. Located on Chicago's iconic Navy Pier, it features 223 nautical-themed guest rooms with floor-to-ceiling windows offering stunning views of Lake Michigan and the skyline. The hotel includes over 4,300 square feet of event space and is positioned to enhance Chicago's tourism recovery post-COVID-19. Developed by Maverick Hotels and ACRON Group, it also boasts the world's largest rooftop bar, Offshore. Guests can enjoy Hilton's CleanStay safety protocols and benefits through Hilton Honors.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced the addition of The Yucatan Resort Playa del Carmen, Tapestry Collection by Hilton, to its managed all-inclusive resort portfolio. This strategic entry into the soft branded all-inclusive market follows a partnership with Hilton that began in 2018. Slated to open in May 2021, the resort will feature 60 rooms and various amenities, enhancing Playa's offerings in Playa del Carmen. Guests will benefit from Hilton Honors loyalty program privileges, solidifying the collaboration's impact on the hospitality sector.

Hilton is enhancing its support for event planners by integrating COVID-19 testing and health screening resources into its EventReady Playbook. As demand for in-person events rises, Hilton aims to simplify the planning process. This month, U.S. event planners will gain access to third-party providers offering services like handheld temperature checks and same-day onsite testing. The initiative is part of Hilton’s broader commitment to cleanliness and safety, evolving its EventReady with CleanStay program to meet changing needs in the hospitality industry.

CGI Merchant Group announced a $30 million investment in Morris Brown College to develop a 150-key upscale hotel and hospitality training complex. This project, part of CGI's $650 million Hospitality Opportunity Fund, aims to create the only HBCU with both a flagged hotel and a hospitality management program. The hotel will be part of Hilton's Tapestry Collection, enhancing local education and community impact. Construction is set to begin later this year, signaling significant development in Atlanta's historic college landscape.

Hilton reported significant impacts from the COVID-19 pandemic, revealing a diluted EPS of $(0.80) in Q4 and $(2.56) for 2020. The company faced a net loss of $225 million for Q4 and $720 million for the full year. Adjusted EBITDA stood at $204 million and $842 million for the respective periods. Comparable RevPAR dropped 59.2% in Q4 and 56.7% for the year. Despite challenges, Hilton opened 22,900 rooms in Q4, achieving 5.1% net unit growth. As of February 2021, 97% of its hotels were operational. Hilton's long-term debt was $10.6 billion, with significant liquidity maintained.

On February 17, 2021, Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its fourth quarter and full year 2020 financial results prior to market opening. The conference call, led by CEO Christopher J. Nassetta and CFO Kevin Jacobs, will commence at 10:00 a.m. ET. Participants can join via the Hilton Investor Relations website or by dialing into the call. A replay will be available for seven days. Hilton, boasting over 6,300 properties worldwide, continues to enhance its operations with the Hilton CleanStay program, ensuring high cleanliness standards.

Hilton Worldwide Holdings (NYSE: HLT) announced its indirect subsidiary, Hilton Domestic Operating Company, has finalized a $1.5 billion offering of 3.625% Senior Notes due 2032. The offering is scheduled for completion on February 2, 2021, pending customary closing conditions. Proceeds will be used alongside available cash to redeem all outstanding 5.125% Senior Notes due 2026. The Notes are exempt from registration under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons.

Hilton Worldwide Holdings plans to offer $1.5 billion in Senior Notes due 2032, aiming to redeem existing 5.125% Senior Notes due 2026. The offering proceeds will be combined with available cash. The new Notes are unregistered and will only be sold to qualified institutional buyers and certain non-U.S. persons under specific regulations. The press release includes forward-looking statements that highlight potential risks, including impacts from COVID-19, competition, and economic factors affecting Hilton's operations.

Dart Interests unveils the Evermore Orlando Resort, a significant redevelopment of the former Villas at Grand Cypress, covering 1,100 acres near Walt Disney World®. This project aims to revolutionize vacation rentals by centralizing ownership to ensure quality accommodations, with plans for over 10,000 bedrooms. The resort will debut with nearly 1,500 rooms, including luxury offerings from the Conrad Hotels & Resorts brand. The first phase opens in summer 2023, featuring amenities like a 20-acre beach complex, extensive dining options, and meeting spaces, targeting a new hospitality category.