/Contents 27 0 R >> >> Hilton (NYSE: HLT) is a leading global hospitality company with aportfolioof 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. /Parent 3 0 R /Title (2020 - Q4 Earnings Release) /Resources 47 0 R /Length 2015 /F 2 endobj /Type /Page The hottest Karaoke Bar & Chill-Out Lounge in town. >> /Resources 48 0 R /C [0.0 0.0 0.0] endobj /Type /Page /Resources 23 0 R << /Pages 2 0 R << The company was incorporated in 1983 and was listed on the Colombo Stock Exchange in the following year. 5 0 obj In 2020, the Hilton Effect Foundation awarded 23 Hilton Effects Grants to organizations driving inclusive COVID-19 recovery and community resilience. 7 0 obj /MediaBox [0.0 0.0 612.0 792.0] /Last 62 0 R /Dest [5 0 R /XYZ null 747 null] endobj /Type /Catalog The Hotel offers a fully equipped Business Center, a wide selection of meeting rooms, and flexible event venues. /Last 21 0 R Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parentheticals), Consolidated Statement Of Comprehensive Income (Loss) (Parentheticals), Consolidated Statements Of Comprehensive Income (Loss), Consolidated Statements Of Stockholders' Equity (Deficit) (Parentheticals), Consolidated Statements Of Stockholders' Equity (Deficit) Statement, Accounts Payable, Accrued Expenses And Other, Accounts Payable, Accrued Expenses And Other (Details), Accounts Payable, Accrued Expenses And Other (Tables), Accumulated Other Comprehensive Loss (Tables), Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Loss (Details), Basis Of Presentation And Summary Of Significant Accounting Policies, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies), Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Details), Business Segments - Hotel Properties By Segment (Details), Business Segments - Reconciliation Of Revenues From Segments To Consolidated (Details), Business Segments - Reconciliation Of Segment Operating Income To Income Before Income Taxes (Details), Business Segments - Schedule Of Assets By Segment (Details), Business Segments - Schedule Of Revenues By Country (Details), Consolidated Variable Interest Entities (Tables), Consolidated Variable Interest Entities - Additional Information (Details), Consolidated Variable Interest Entities - Schedule Of Consolidated Variable Interest Entities (Details), Employee Benefit Plans - Additional Information (Details), Employee Benefit Plans - Fair Value Of Pension Assets (Details), Employee Benefit Plans - Net Periodic Pension Cost (Credit) (Details), Employee Benefit Plans - Schedule Of Amounts Recognized In Balance Sheet (Details), Employee Benefit Plans - Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) (Details), Employee Benefit Plans - Schedule Of Assumptions Used (Details), Employee Benefit Plans - Schedule Of Changes In Projected Benefit Obligations (Details), Employee Benefit Plans - Schedule Of Expected Benefit Payments (Details), Fair Value Measurements - Additional Information (Details), Fair Value Measurements - Recurring &Amp; Disclosure (Details), Goodwill And Intangible Assets - Additional Information (Details), Goodwill And Intangible Assets - Amortization Of Amortizing Intangible Assets (Details), Goodwill And Intangible Assets - Schedule Of Future Amortization (Details), Goodwill And Intangible Assets - Schedule Of Other Intangible Assets (Details), Income Taxes - Additional Information (Details), Income Taxes - Components Of Income Tax Expense (Details), Income Taxes - Effective Income Tax Rate Reconciliation (Details), Income Taxes - Income Before Income Taxes (Details), Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details), Income Taxes - Summary Of Unrecognized Tax Benefits (Details), Leases Components Of Lease Expense (Details), Leases Future Minimum Lease Payments (Details), Leases Supplemental Balance Sheet Information Related To Leases (Details), Leases Supplemental Cash Flow Information Related To Leases (Details), Other Liabilities - Other Long-Term Liabilities (Details), Property And Equipment - Additional Information (Details), Property And Equipment - Schedule Of Property And Equipment (Details), Revenues From Contract With Customers - Contract Liabilities (Details), Revenues From Contracts With Customers (Tables), Revenues From Contracts With Customers - Additional Information (Details), Share-Based Compensation - Additional Information (Details), Share-Based Compensation - Schedule Of Additional Information On Performance Shares (Details), Share-Based Compensation - Schedule Of Additional Information On Restricted Stock Units (Details), Share-Based Compensation - Schedule Of Additional Information On Stock Options (Details), Share-Based Compensation - Schedule Of Performance Shares Award Activity (Details), Share-Based Compensation - Schedule Of Restricted Stock Units Award Activity (Details), Share-Based Compensation - Schedule Of Stock Options Activity (Details), Share-Based Compensation - Schedule Of Stock Options Valuation Assumptions (Details), Exhibit 10.47: Credit Agreement Amendment No. Hilton is a leading global hospitality company with aportfolioof 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. /Type /Page /Type /Page Added 14,700 rooms to Hilton's system in the third quarter, contributing to 11,200 net additional rooms during the period and approximately 6.6 percent annualized net unit growth from September 30, 2020 Full year 2021 net unit growth is expected to be between 5.0 percent and 5.5 percent Overview >> << Additionally, through a $1 million contribution from American Express to Jos Andrs World Central Kitchen (WCK), we partnered to provide healthy, freshly prepared meals to the frontline healthcare professionals who stayed at participating Hilton properties in cities across the United States during the coronavirus pandemic. '_=pu{/s`f25hTp8/["bJR3IA2baOZ Among other factors, declines inRead more, We capitalize costs associated withRead more, Other non-operating income, net consistsRead more, As such, American Express resumedRead more, A change in these assumptionsRead more, EBITDA and Adjusted EBITDA areRead more, Operating Activities The increase inRead more, The increase in interest expenseRead more, Actual results may differ significantlyRead more, Overall, leisure transient was theRead more, Incentive management fees increased asRead more, The success and sustainability ofRead more, Refer to "-Revenues" for furtherRead more, The increase in other revenuesRead more, The currency neutral increase inRead more, Other Items Effect of foreignRead more, Growth and maintenance of ourRead more, Consideration provided to incentivize hotelRead more, Investing Activities Net cash usedRead more, Despite these temporary suspensions ofRead more, Other support expenses include: costsRead more, Represents amounts that are contractuallyRead more, Food and beverage costs includeRead more, Key Business and Financial MetricsRead more, Additionally, changes in depreciation expenseRead more, These are non-cash expenses thatRead more, We recognize revenue for pointRead more, Additionally, we incurred increased expensesRead more, System Growth and Development PipelineRead more, After considering our approach toRead more, ADR measures the average roomRead more, While these objectives have notRead more, We believe that the followingRead more, While results were less predictableRead more, Loss on debt extinguishment relatedRead more, Debt and Borrowing Capacity AsRead more, In determining the fair value,Read more, Although all periods included inRead more, Further, the estimates and assumptionsRead more, Room expenses include compensation costsRead more, The increase in cash providedRead more, Consumer demand for our productsRead more, Revenues During the year endedRead more, The effectiveness of any cost-cuttingRead more, We have a long-term investmentRead more, Management has discussed the developmentRead more, Also, declines in hotel profitabilityRead more, Hilton Worldwide Holdings Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. >> /First 61 0 R >> /MediaBox [0.0 0.0 612.0 792.0] /Contents 24 0 R 5WUV\%/ ' endobj /Resources 24 0 R /MediaBox [0.0 0.0 612.0 792.0] The decrease in depreciation and amortization expenses was primarily due to a decrease in amortization expense, driven by the full amortization of certain software project costs during 2021 and 2022. The hotel also has meeting and banquet facilities.[9]. /Contents 29 0 R /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] /MediaBox [0.0 0.0 612.0 792.0] >> /Title (Q3 2021 Earnings Release) [9] The hotel has seven dining and entertainment venues. /Parent 2 0 R endobj << HdM\!} /Resources 51 0 R To mark the occasion, a stamp and a first day cover were issued by the Sri Lanka Post. /Type /Page /Parent 2 0 R In addition to the steps that we took internally to strengthen our Diversity & Inclusion programs and support our Team Members, the Hilton Effect Foundation provided grants to nonprofits on the front lines of fighting for racial justice, including the NAACP and the National Urban League. /Type /Page /MediaBox [0.0 0.0 612.0 792.0] endobj Hotel Gaillardia, Colombo: 5 star city . endobj >> Changes in estimates, assumptions and judgments used in conjunction with significant accounting policies. /Parent 2 0 R /Parent 2 0 R 2 0 obj In 2019, the company made loss of Rs 325.6 million on Rs. /Count 15 endobj ATE INFORMATION .INSIDE, Do not sell or share my personal information. /Title (Supplemental Schedules) hXkPS> U.jjta@dAd B4\" utSgmJ1n;;wn9Lfw{/w& 1L4c8SbGI0_^c zHb4=&04%\)f~iGE4k]A+*4d/"BOJbEE}dW4/;wC+,H9UoUQe4W0A$fqbG8HJ~o/j.u.~%*7,1 A new Management Agreement was signed in Oct 2012 and in terms of which, HDL has undertaken to refurbish Hilton Colombo. As one of the worlds largest hospitality companies, Hilton recognizes the important role we play in protecting our communities and the planet for future generations. /Parent 2 0 R /Contents 56 0 R >> 22 0 obj /Dest [8 0 R /XYZ null 749 null] [1] The company was listed on the Colombo Stock Exchange in 1984. endobj >> >> [3] The new restaurants, Graze Kitchen and L.A.B lounge were opened after the first phase of the refurbishment. /Resources 54 0 R /Count 2 Hilton (NYSE: HLT) is a leading global hospitality company with a, of 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. /Parent 2 0 R /C [0.0 0.0 0.0] /Resources 43 0 R /Type /Page /Type /Page /F 2 The hotel was opened for commercial operations in September 1987. /Type /Pages and receives annual updates on our progress towards our 2030 Goals. Hotel Developers (Lanka) Ltd (HDL) is a 100 % Government Owned, public listed Company owning Hilton Colombo. /Type /Page >> 69% owned subsidiary of conglomerate John Keels Holdings OK) that reported a net profit of RSI. % 0000011098 00000 n /Count 2 /MediaBox [0.0 0.0 612.0 792.0] A A A. /Last 59 0 R /Type /Page Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1585689/000158568923000036/hlt-20221231.htm. The Hilton Effect Foundation, working with local partners, also provided support to a youth medical ward that had been destroyed. In partnership with American Express and our ownership community, Hilton committed to donating up to 1 million hotel room nights across the U.S. to frontline medical professionals leading the fight against COVID-19. 29 June 2020 08:43 am - 0 - 1449. Updates from Our Press Room to Your Inbox. As a security for this guarantee, the majority of the shares was transferred to the government. We also maintained our portfolio-wide certification to ISO 9001 (Quality Management), ISO 14001 (Environmental Management) and ISO 50001 (Energy Management), one of the largest ISO-certified building portfolios in the world. Hilton Honors members were also invited to donate their Points to the social justice charities of their choice. /Resources 30 0 R 17 0 obj Partnering with organizations to drive COVID-19 and natural disaster recovery, including World Central Kitchen, Direct Relief, Project HOPE, Meals on Wheels and Open Kitchens UK, Supporting nonprofits on the front lines of the fight for racial justice, including the NAACP and National Urban League, Contributing to the re-launch of the Sustainable Hospitality Alliance, harnessing the collective action of the hotel industry to drive positive impact at scale, Maintaining our partnerships with leading anti-human trafficking NGOs, including ECPAT-USA and Its a Penalty, Joining with the Tent Partnership for Refugees and Human Rights Campaign to pledge to mentor LGBTQ refugees and asylum seekers. Jetwing Colombo Seven (Colombo), Jetwing Surf (Pottuvil Point) and . /MediaBox [0.0 0.0 612.0 792.0] The Net Loss after tax increased from Rs. Visit, for more information, and connect with Hilton on. /Contents 46 0 R >> >> [9] Please visit our dedicated Travel with Purpose website for more information on our programs, including our Travel with Purpose 2030 Goals and our 2020 ESG Report. In 2020, we experienced a significant decrease in utility consumption across our global portfolio, primarily as a result of reduced occupancy and complete or partial suspension of operations at our properties. /C [0.0 0.0 0.0] 11 0 obj 0000006069 00000 n /Contents 57 0 R /Count 16 endobj /Parent 2 0 R /Parent 3 0 R /Length 2944 /Contents 42 0 R >> << ~4=y}6/8Ug8/~9$Qty'EQg=;k38s{0Nsn+=`q2.=>M{ ^$ yu?SeFfYJ/wo i}Laa Tg-Sp+-S,6_$ACq|iD8m3-{GQ*R)UCuUDy#m\!Ua.K|G7U?m H~2 $HaT#_e:X15!=T &EGQQ]B-a7O-I _Y(#qf1^gY`lmlwd"4JTb3j-Mix}fD%ib)Z58FD.i^ M"{OB %PDF-1.4 << /Parent 2 0 R /Parent 2 0 R /Resources 58 0 R 6 0 obj << /Type /Page >> /Resources 45 0 R Visitstories.hilton.comfor more information, and connect with Hilton onFacebook,Twitter,LinkedIn,InstagramandYouTube. - 1 - 1286, 28 Apr 2023 endobj SunsetBlu was launched at the end of 2020 and marketed as an "all-day club". /Parent 2 0 R 29 June 2020 08:43 am Within hours, we were able to support our Hilton Team Members on the ground by opening up our Team Member Assistance Fund to those impacted by the explosion. /MediaBox [0.0 0.0 612.0 792.0] 9 0 obj << << >> endobj 8 0 obj << /Resources 38 0 R /Parent 2 0 R /Contents 49 0 R [7] In 2021, Hilton was named as one of the best places to work in Sri Lanka. - 3 - 536. /Resources 44 0 R /Contents 23 0 R >> >> /Parent 2 0 R endobj A quarterly TWP dashboard is also distributed to all Hilton leadership, including General Managers at managed hotels. 20 0 obj endobj (X3] >S 6F7;q`6%Ce>R#=T6g) o/T@9~4}-}c%7A w33H "c% ~&*y(T;~}7wofMl-[t|]WgTR]kEf&qg=TiNusY6O+PU?g%A&oTS"; (4 << /Title (Overview) /Contents 51 0 R << >> 0000004286 00000 n /MediaBox [0.0 0.0 612.0 792.0] 4 0 obj >> /MediaBox [0.0 0.0 612.0 792.0] As the promoters of the hotel did not have the means to finance the construction of the hotel, the Government of Sri Lanka had to provide a guarantee of the payment of a yen-loan worth LKR1.3 billion. On 15th March 1983, Lanka Japan Hotels, a Public Limited Liability Company was incorporated under the Companies Act to implement the Colombo Hilton hotel project. << The Hilton Effect Foundations grants aimed to address some of the most urgent humanitarian needs arising from the pandemic: food security, sanitation/hygiene, economic security and clean air and water. [8], The hotel is located next to the World Trade Center Colombo and has 382 rooms and 36 suites. 8 0 obj endobj >> << /MediaBox [0.0 0.0 612.0 792.0] >> << endobj /MediaBox [0.0 0.0 612.0 792.0] /MediaBox [0.0 0.0 612.0 792.0] Consistent with Hiltons commitment to respecting human rights, driving racial equality and promoting inclusive growth for all, the Foundation prioritized organizations addressing these needs, while also directly supporting minority populations and other vulnerable communities that have been disproportionately affected by the pandemic. "A village in the heart of the city", the Curry Leaf is Colombos most exclusive Sri Lankan and Seafood restaurant. << %%EOF /MediaBox [0.0 0.0 612.0 792.0] << https://last10k.com/sec-filings/hlt/0001585689-23-000036.htm. However, the company is delisted from the stock exchange in 2020 and solely owned by the Government of Sri Lanka, therefore, runs as a state-owned enterprise. /Resources 56 0 R We worked with our hotel teams to deploy operational best practices that further reduced our environmental footprint in times of low occupancy. c?J tUb;g%UiQc&n-vu>Enu)6lnmAQRkIOH=-T\P#%|9?7H#%[}"_PgNcVUh.GWzCaWe;2go}3_hCWDZ/_lj>x#H5Y /Outlines 3 0 R /Parent 3 0 R /Type /Page /Title (Overview) 19 0 obj Redesigned with an urban park theme, electric style meets an impressive lotus pond view vista. ;q3r^#2qHqX%Tr$eAXS:{onWwiE9[((9v+e2v)//g9wi2M@o)!ssER9eqTAg^W8*P6XD M(P~ w* n}Tk^?$Z`t.#h@J 4+U'Kikc~L!i%p(:g5#|>v0hs;M9^'`J 4VT/V=Mo%~BlbQ]5LQRem{1d4@b>asab1i]QK/ :5T]i,nPrGDtl'vJPhAiT ;tjlR"bZ7;l@{|RKc"A.f5ZVg6hnU5;GMDwEw\Fb&nU2.CPMJGL?CoU*V~[N^]H]iztha'U^ i3'E|hG`VNu-h Crp)RnCS~Lcss;3Un'VE_FgrH6!&NWa#dPf4`|wg0 43 of 2011. << endobj >> The refurbishment which commenced in 2014 is being carried out in a phased out manner while the Hotel is in operation and the Phase 1 covering the Main Kitchen, Lobby, All Day Dining Restaurant, Executive Lounge, Coffee Shop and the Reception have been completed in August 2017. /Version /1.4 7 0 obj >> << Hilton is committed to expanding its global hotel network through its development pipeline and relationships with third-party hotel owners, franchisees and developers. .,c-EYd&y?hW`L\J3um6%(WTVEXSN(Wn}BQej+GlcH-.aX.+7!:E=I7+Ujl2h*-OG3qUH;8M*rw!OvM1fFC,[u:QT0w/6 "E`RF)x_F?hf7& IeQ%^T;^"pZ_B]!Q8]]`k{(0)BT(d], z-lkm#9R<3rr$CKbydrI1Au Jgc`1ogE?FX;X_O:0|LH[r.Hx =4d]i"s!k{0m.fB. /Kids [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R Through the award-winning guest loyalty program Hilton Honors, the more than 158 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. /Parent 2 0 R /F 2 /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] 12 0 obj /Type /Page /Parent 2 0 R 22 0 obj ]\EN:H6@1|oMILCL_rR. /Count -6 /First 21 0 R /Parent 2 0 R /Type /Outlines Technical assistance was provided by Hilton International throughout the construction period. /Author (anonymous) On August 4, 2020, Beirut witnessed two major explosions near its port. /Parent 2 0 R << /Outlines 3 0 R In the wake of several acts of egregious racially motivated violence in 2020, Hilton condemned racism and discrimination in all forms, and encouraged our Team Members to stand up against social injustice. 3 0 obj /Type /Page #1 Global Industry Leader on the Dow Jones Sustainability Indices for the past two years, $1M+ Donated in support of COVID-19 community response, 124,500 Team Members trained in anti-human trafficking, 1.6M+ Team Member volunteer hours since 2017. endobj Located about 30 minutes from Colombo International Airport, this hotel has huge rooms that are more like serviced apartments. The Treasury holds 100 percent shares of the company being the sole shareholder of it. /Parent 2 0 R - 0 - {{hitsCtrl.values.hits}}. We believe that as the world recovers, the need for environmental and social leadership will be greater than ever, and we are committed to making a difference. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as discretionary cash available to us to reinvest in the growth of our business or as measures of cash that will be available to us to meet our obligations.

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