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Hilton Hotels Profit Surges 14%

LOS ANGELES-The operator of Hilton, Doubletree and Hampton Inns credits big gain to strong demand at its big-city properties.

By David W. Myers | Updated on August 05, 2000

BEVERLY HILLS-Hilton Hotels Corp. says strong demand for rooms at its big-city properties help to send its second-quarter profit up a strong 14%.

The company owners the Doubletree and Hampton Inns chains in addition to the Hilton brand. Second-quarter net income rose to $88 million, or 23 cents a share, from a year-earlier’s $77 million, or 21 cents per share. Revenue climbed 11% to $916 million from $826 million.

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