Hilton Domestic Operating Company Inc, founded in 1989 and headquartered in McLean, Virginia, operates as a subsidiary of Hilton Worldwide Holdings Inc. The company focuses on managing and franchising hotels and resorts under various brands, including Hilton Hotels & Resorts and Waldorf Astoria. Its portfolio spans across a diverse range of accommodations, catering to both leisure and business travelers worldwide.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Hilton Domestic Operating Company has been active in the bond market since its early years, with notable bond issuances starting in 2015 to finance strategic growth initiatives. One significant issuance occurred in 2020, raising $1 billion in response to the COVID-19 pandemic, which helped bolster liquidity during a challenging period for the hospitality sector. Currently, the company's bonds offer yields that are competitive with industry averages, reflecting investor confidence in Hilton's recovery trajectory. Furthermore, some bonds come with call features, allowing for early redemption under favorable market conditions, adding a layer of flexibility for investors.