Dallas Teague Snider

MCLEAN, Va. — Hilton Worldwide Holdings Inc. (“Hilton,” “Hilton Worldwide” or the “Company”) (NYSE: HLT) today reported its first quarter 2016 results. Highlights include:

• EPS, adjusted for special items, for the first quarter was $0.17, a 42 percent increase from the same period in 2015; without adjustments, EPS was $0.31
• Net income attributable to Hilton stockholders for the first quarter was $309 million, an increase of $159 million from the same period in 2015
• Adjusted EBITDA for the first quarter increased 9 percent from the same period in 2015 to $653 million, and Adjusted EBITDA margin increased 260 basis points
• System-wide comparable RevPAR increased 2.1 percent for the first quarter on a currency neutral basis from the same period in 2015
• Management and franchise fees for the first quarter increased 5 percent from the same period in 2015 to $409 million
• Net unit growth was 6,500 rooms in the first quarter, a 16 percent increase from the same period in 2015
• Approved 26,000 new rooms for development during the first quarter, a 14 percent increase from the same period in 2015, growing Hilton’s development pipeline to 1,729 hotels, consisting of 281,000 rooms
• As previously disclosed, registration statements for planned spin-offs of real estate and timeshare businesses expected to be filed during the second quarter
• Announced CEO and CFO appointments for planned REIT in separate press release this morning

Sheraton Hotels & Resorts Recognizes Sheraton Wild Horse Pass Resort & Spa as the First “Sheraton Grand” Resort in North America

PHOENIX — Sheraton Hotels & Resorts Worldwide, Inc. (NYSE:HOT), announced today the designation of Sheraton Wild Horse Pass Resort & Spa as the first Sheraton Grand resort in North America, welcoming it to the brand’s premier tier of hotels recognized for their enticing destinations, distinguished designs, and excellence in service and guest experiences. Joining 24 other Sheraton Grand properties worldwide, the Sheraton Grand at Wild Horse Pass is recognized as a heritage resort, offering a true escape at a property that is exemplary in every way with distinctive architecture, design, amenities and personalized service. Sheraton Grand is one of many initiatives currently underway for Sheraton 2020, a comprehensive plan designed to solidify Sheraton as a leading global hotel brand of choice, everywhere.

“Sheraton Grand celebrates the brand’s best-in-class hotels, each hand-selected based on a specific list of criteria ranging from sophisticated design and sought-after destinations, to unrivaled standards of service and impressive hotel amenities. We are very proud to recognize the exemplary hotel offering for both guests and the local community at Sheraton Grand at Wild Horse Pass and welcome them to this premier tier,” said Dave Marr, Global Brand Leader for Sheraton Hotels & Resorts. “We understand the need to better match guest expectations for the brand. Sheraton Grand answers that need and continues to celebrate standout hotels such as Sheraton Grand at Wild Horse Pass, further reinforcing Sheraton as a trusted voice in global travel.”

Located on pristine Sonoran desert land only minutes from Phoenix Sky Harbor International Airport, Sheraton Grand at Wild Horse Pass is one of the premier resorts in the Phoenix/Scottsdale area. The property features unique, contemporary and culturally authentic artwork and details that reflect the traditions of the Pima and Maricopa People. The resort boasts the only AAA Five-Diamond/Forbes Five-Star dining experience in Arizona in their signature restaurant, Kai, which has made history by achieving that dual designation for nine consecutive years and placing themselves amongst the top 26 restaurants in the nation. The resort also offers 36 holes of Troon® golf, the Forbes Four-Star Aji Spafeaturing indigenous Native treatments, 150,000 square feet of indoor and outdoor meeting space, the onsite Koli Equestrian Center and River complete with water sport activities and boat rides to nearby attractions.

“We are honored to be associated with fellow hoteliers at Sheraton Grand properties around the globe who are known for delivering luxury to world travelers through excellence in service,” said Bunty Ahamed, General Manager. “This recognition affirms the passion, talent and commitment of our team toward luxury and quality.”

Showcasing the Best of the Sheraton Brand around the World
Sheraton Grand is just one of many initiatives currently underway for Sheraton 2020, a comprehensive 10-point plan revealed in June 2015 designed to put Sheraton Hotels and Resorts firmly back into the global spotlight. A nod to the plan’s clear five year vision, Sheraton 2020 also includes a new multi-million Sheraton-focused marketing campaign; the launch of a new elevated food and beverage lobby program, Paired; continuous innovation of the Sheraton guest experience; an unwavering commitment to service excellence; the implementation of revenue and profit-driving initiatives to benefit owners and developers; and a goal of opening more than 150 new Sheraton hotels worldwide by 2020.