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Hilton Reports Third Quarter Results; Spin‑Off Transactions on Track for End of Year

MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton," or the "Company") (NYSE: HLT) today reported its third quarter 2016 results. Highlights include:

  • EPS for the third quarter was $0.19 and EPS, adjusted for special items, was $0.23; net income for the third quarter was $192 million
  • Adjusted EBITDA for the third quarter was $765 million and Adjusted EBITDA margin was 41.6 percent
  • System-wide comparable RevPAR increased 1.3 percent for the third quarter on a currency neutral basis from the same period in 2015
  • Management and franchise fees for the third quarter increased 7 percent from the same period in 2015 to $470 million
  • Approved 27,000 new rooms for development during the third quarter, bringing year-to-date approvals to 77,000 rooms
  • Grew development pipeline 15 percent from 2015 to 1,898 hotels, consisting of 300,000 rooms
  • Net unit growth was 13,100 rooms in the third quarter, representing a 7 percent growth in managed and franchised rooms from 2015
  • Opportunistically entered the capital markets to enhance Hilton's balance sheet by issuing $1 billion aggregate principal amount of 4.25% senior notes due 2024 and amending and extending $3,225 million of the Term Loans; repaid $991 million of long-term debt
  • On track to complete the spin-off transactions of Park Hotels & Resorts and Hilton Grand Vacations around year end
  • Hilton plans to host an investor day on December 8, 2016 at the Conrad New York

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About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising 7,000 properties and 1.1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune's 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the 139 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on  Facebook, Twitter, LinkedIn, Instagram and YouTube.