Hilton Worldwide Holdings Inc. is an American multinational hospitality company that manages and franchises a broad portfolio of hotels, resorts, and timeshare properties. Founded by Conrad Hilton in May 1919, the company is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons, Virginia, United States.
Christopher J. Nassetta, Hilton Worldwide President and CEO, in 2004
Hilton Worldwide headquarters in Tysons, Virginia
Conrad Nicholson Hilton was an American businessman who founded the Hilton Hotels chain. From 1912 to 1916, Hilton was a Republican representative in the first New Mexico Legislature, but became disillusioned with the "inside deals" of politics. In 1919, he purchased his first hotel, the Mobley Hotel in Cisco, Texas, for $40,000, and subsequently capitalized on the oil boom. The rooms were rented out in eight-hour shifts. He continued to buy and sell hotels, and eventually established the world's first international hotel chain. When he died in 1979, he left the bulk of his estate to the Conrad N. Hilton Foundation.
Hilton in 1962
Mobley Hotel in Cisco, Texas.