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Hilton files for $1.25bn IPO

Hilton Worldwide has filed for an initial public offering of up to $1.25bn, Reuters has reported. Hilton Worldwide has about 4,041 hotels, resorts and timeshare properties, comprising 665,667 rooms in 90 countries and territories. Out of these, Hilton owns or lease interests in 157 hotels worldwide. Founded in 1919 by Conrad Hilton, the company's brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn, and Hilton Grand Vacations.