Company Interview Excerpt MATTHEW HART - HILTON HOTELS CORPORATION (HLT) Full article published: 11/7/2000     For Subscribers Get this article online now! Order just this article Get Financial Filings and Annual Reports for Companies featured on TWST from EasyReports.net TWST: Could you start by giving us a brief history of Hilton Hotels Corp.? Mr. Hart: Instead of going through the company's history, which dates back to 1919, I'll just say that our company has been completely reformulated in the last 24 months. We spun off the gaming operation into Park Place Entertainment, which is now the world's largest gaming company, and subsequently, we acquired Promus Hotel Corporation. Now we are one of the world's largest pure-play hotel companies. TWST: Are there acquisitions in your future? Mr. Hart: With the acquisition of Promus, we're essentially complete in terms of brands and market segments that we'd like to be in. I wouldn't expect to see any significant acquisitions for a while. TWST: Is there a possibility of a glut in the number of hotels? Mr. Hart: There was a lot of analyst concern about overbuilding in the business earlier in the year, but those concerns have dissipated. We are in a healthy period in our business now. Demand actually exceeds supply, especially in the markets that are very important to us, where we own some very large landmark properties. Tickers included in this excerpt: HLT Have TWST notes emailed to you free: Email address: For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

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