[ARCHIVE to 2014] DISCUSSION for Hilton Honors Hotels in Nevada, USA {US-NV}
May 16, 2014, 8:44 pm
#1651
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
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For U.S. Securities and Exchange Commission (SEC) reporting purposes, all of the Blackstone companies' holdings in a stock are consolidated and that is the reason it is reported that Blackstone Group L.P. owns 76.43% of the stock at 12/31/13. This is done due to the SEC's assumption that those like holdings are "controlled" by a parent organization. Therefore, your statement that "Blackstone does not own a majority stake in Hilton" does not hold water.
May 16, 2014, 8:58 pm
#1652
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Location: Toledo, OH
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Doesn't blackstone also own LaQuinta?
May 17, 2014, 2:06 pm
#1654
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Join Date: Dec 2005
Posts: 9,916
Isn't there a history of Blackstone owned hotels getting rebranded into the Hilton family -- The Arizona Biltmore, El Conquistador and Boca Raton Resort come to mind.
May 17, 2014, 6:10 pm
#1655
Join Date: Oct 2010
Location: San Diego, Ca
Programs: AA 2MM LT PLT; AS MVP Gold75k; HHonors Diamond; IHG PLT
Posts: 3,502
Cosmopolitan (Las Vegas) Sold To Blackstone..
If Blackstone were to bring the Cosmo in to the Hilton family, it would likely be branded as a Waldorf Astoria, minimizing Hhonors elite benefits like free breakfast.
May 18, 2014, 7:01 am
#1656
Join Date: Dec 2007
Location: HNL
Programs: Marriott Gold | Hilton Diamond | Hyatt Plat | UA 1K | HA Plat| Hertz President's circle
Posts: 588
I'm sure any new brand if any; will feature lame elite benefits. Like a free in-room movie or 500 points.
May 18, 2014, 8:10 am
#1657
Join Date: Aug 2013
Programs: HH Lifetime Diamond, DL PM, Hertz President's Circle
Posts: 920
Or it might be the launch of a new lifestyle brand. http://www.arabianbusiness.com/hilto...nd-548458.html
I'm sure any new brand if any; will feature lame elite benefits. Like a free in-room movie or 500 points.
I'm sure any new brand if any; will feature lame elite benefits. Like a free in-room movie or 500 points.
May 18, 2014, 6:05 pm
#1658
Join Date: Oct 2010
Location: San Diego, Ca
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This would be a horrible mistake and loss of revenue on Hilton's part if so. A large part of W's success is the well respected SPG program with loyal followers that are wiling to pay higher room rates for the brand and benefits and spend more at the properties. They seek out W's and plan vacations around their locations.
Giving Hilton the benefit of the doubt, this could be one explanation for the delay in refreshing a large number of Doubletree properties, which may have been targeted for conversion to Denizen, will soon take on the new entity. They already have space for nightclubs, restaurants, other on property facilities to generate additional revenues.
May 20, 2014, 12:43 am
#1659
Join Date: Dec 2010
Programs: Hilton Diamond, Marriott Titanium, Radisson Gold, Hyatt Globalist, M life Gold, IHG Spire
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I think some of you may be confusing two different things: the Cosmo joining HHonors vs. the Cosmo rebranding as a Hilton. The two do not have to go together in this case, and the rebranding is not going to occur, no way.
Why do hotels pay all that money to join chains? To get the customers. The Cosmo is a really premier property in Las Vegas. It does not need to throw millions of dollars at Hilton to drum up business, like the Tropicana.
As for the idea of some agreement to earn/use HH points at the Cosmo, like with Marriott, sure that is possible, but it has already been pointed out that a different trust owns the Cosmo than owns Hilton shares, so it isn't automatic. Hilton would have to win a duel with Marriott.
Why do hotels pay all that money to join chains? To get the customers. The Cosmo is a really premier property in Las Vegas. It does not need to throw millions of dollars at Hilton to drum up business, like the Tropicana.
As for the idea of some agreement to earn/use HH points at the Cosmo, like with Marriott, sure that is possible, but it has already been pointed out that a different trust owns the Cosmo than owns Hilton shares, so it isn't automatic. Hilton would have to win a duel with Marriott.
May 20, 2014, 3:13 am
#1660
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Join Date: Feb 2006
Posts: 1,992
I was reading an article the other day that said Cosmo has not made any money for 6 years, hence the sale. If that is true then I guess they will have to do something to turn it around because location does not seen to be working at the moment!!
May 20, 2014, 4:19 am
#1661
Join Date: Dec 2007
Location: HNL
Programs: Marriott Gold | Hilton Diamond | Hyatt Plat | UA 1K | HA Plat| Hertz President's circle
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Agree, The Cosmo might be a premier property in Las Vegas but no one is staying there and they have lost a ton of cash for 6 years. I think Blackstone will quickly break ties with Marriott.. I think this hotel will be the launch of a new Lifestyle brand from Hilton.
May 20, 2014, 5:10 am
#1662
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Join Date: Feb 2006
Posts: 1,992
Surely the management need to be looked at as well? How on earth have you got a brand new top notch hotel in great location but can't make any money?? Think their marketing team and senor executives need to answer a few difficult questions!!
May 20, 2014, 9:09 am
#1663
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The place was built and went online just as Vegas crashed and burned.
May 20, 2014, 5:02 pm
#1664
Join Date: Oct 2010
Location: San Diego, Ca
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May 24, 2014, 9:51 pm
#1665
Join Date: Mar 2007
Location: US
Programs: DL GE
Posts: 1,654
The name.. Just makes me think of the Woman's Magazine.