Hilton Worldwide Holdings: Post Spin-Off

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About: Hilton Worldwide Holdings Inc. (HLT), Includes: MAR
by: Eric Nickolaison
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Eric Nickolaison
Long only, Deep Value, special situations, event-driven
Summary

Hilton has transformed into a capital-light operating business.

Using a peer valuation analysis, Hilton offers 17% upside.

The company's room pipeline appears strong against peers.

At the start of 2017 Hilton Worldwide (HLT) spun off their timeshare business along with a portfolio of hotels and resorts. In my eyes this was the correct evolution of the business -