Hilton Made $164 Million in Q3, Says 29k New Rooms to Come
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Hilton’s third quarter results are public information as of Wednesday morning, with several noteworthy highlights.
The global hotel brand approved 29,200 new rooms for development in Q3, increasing Hilton’s total pipeline to 371,000 rooms – an 11% increase from 2017. Part of the growth stems from newly-announced urban lifestyle micro-hotel brand Motto by Hilton, which will launch in 2019.
Hilton’s net income for the quarter was $164 million, a modest increase from Q3 2017. The quarterly earnings per share (EPS) was $0.54, up 10% from the same time last year. Adjusted for special items, Hilton’s EPS was $0.77 – up 38% from the same period in 2017. The hotel group also repurchased more than 1.5 million shares of Hilton common stock for an aggregate cost of $122 million in Q3, and also returned $1.7 billion to stockholders through October in the form of share repurchases and dividends.
Featured photo courtesy of Hilton.
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