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territories, Hilton is one of the world's largest hotel companies 1 Resulting in: Record pipelines across all brand segments with minimal HLT capital investment  

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for the company and our hotel owners • Satisfied owners continue to invest in growing Hilton's brands, driving leading organic net unit growth with de minimis  

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[PDF] Investing in hotel stocks - Edison Investment Research

30 mai 2019 · Why are hotels turning to an asset-light investment risk while allowing brands to achieve scale international hotel groups an asset-light strategy has become More recently, in early 2017 Hilton focused its model on its

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purchase of Prime Hotels and its purchase of Hilton market liquidity, real estate investment trust (REIT) shares trading at deep discounts to net asset values

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30/05/19

Edison Explains

Investing in hotel stocks

The benefits of asset backing

Why are hotels turning to

an asset-light model?

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What are some of the risks inherent in an

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What are the risks of an asset-light model to

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How have companies implemented an asset-

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Edison Insight

The asset-light trend by

hotel companies masks the potential for creating shareholder value through developing, owning and operating hospitality real estate. Fortunately this potential is gaining prominence thanks to increasing disclosure of fair value and thus true share price discount to NAV.

Richard Finch,

Leisure Analyst

30/05/19

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