InstaForex

Famous and Rich, It's a Hilton Family Business Trip and Controversy


 Hotels and the world of entertainment are two things that are synonymous with the Hilton name. It is Conrad Hilton, a man from San Antonio, New Mexico, United States, the founder of one of the most successful hotel business chains. The man who was born on December 25, 1887, has been accustomed to the hotel business since childhood. His father, who initially ran a convenience store, turned his building into a small hotel. After completing his duties as a soldier in World War I, he decided to buy the Mobley hotel which had 40 rooms and was located in Cisco, Texas in 1919. And the Hilton Hotel business trip began.

Massive Growth


Conrad's hotel business is growing rapidly, he even had to turn the dining room into a room. He also started to open branches in the Texas area such as the Dallas Hilton, Abilene Hilton, Waco Hilton, and El Paso Hilton. In 1939 the Hilton hotel outside Texas was finally opened which is located in Albuquerque, New Mexico.


Bankrupt and Back Up

Conrad's success was put to the test when America experienced an economic crisis in what is popularly known as the Great Depression until it almost went bankrupt. However, with the remaining hotel assets, he expanded into Chicago and New York and acquired two major hotels in the big city, the Stevens Hotel and the Waldorf-Astoria. In 1946 he founded the Hilton Hotels Corporation and two years later changed its name to Hilton International Company.

Hilton Hotels Corporation became the first post-World War II hotel company to successfully sell its shares on the New York Stocks Exchange.


International Expansion and Interesting Facts


Puerto Rico and Madrid, Spain are the two destinations for Hilton hotel openings outside the United States. Precisely in 1949 and 1953. There are interesting facts about the Caribe Hilton in San Juan, Puerto Rico which turned out to be the place where the Piña Colada was made for the first time. Bartender and inventor Ramón "Monchito" Marrero worked as a hotel bartender at the Caribe Hilton and after three months of experimenting he managed to find the right recipe and named his cocktail the Piña Colada. Because of its popularity, the Piña Colada was recognized by the Puerto Rican government as their country's signature drink in 1978.



Family Dynamics

Conrad Hilton was married three times and had four children. From his first marriage to Mary Adelaide Barron he has three sons namely Conrad Hilton Jr., Barron Hilton and Richard Hilton.


Eight years after his divorce from Mary Adelaide, in 1942 Conrad married actress Zsa Zsa Gabor and had a daughter, Francesca. In an autobiography released in 1991, Gabor claimed to be pregnant because Conrad was raped during her marriage (marital rape).


While from marriage with Mary Frances Kelly, the two are not blessed with children. After Conrad died in 1979, he bequeathed his fortune to his own charity, the Conrad N. Hilton Foundation. The son, Barron Hilton asked for changes to the contents of this will. An agreement was reached and the Baron got a share of the family business.


Current Generation


Barron has eight children, one of whom is Richard who is the father of Paris and Nicky Hilton. In 2007, Barron sold his stake to the Blackstone Group for 20 Billion USD. In the same year he also announced that he would follow in his father's footsteps by bequeathing 97 percent of his wealth to the Conrad N. Hilton Foundation. When it comes to business, the Hilton family is almost completely unrelated. And more focused on developing their family charitable foundation.

Previous Post Next Post