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- When his father lost a small fortune in the financial panic of 1907, Conrad suggested that the family open a small hotel, with every family member helping out. The hotel thrived. It was a decade later that Conrad bought that first big hotel, the 40-room Mobley Hotel in Cisco, Texas.
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It was the world's first international hotel chain, at the same time establishing a certain worldwide standard for hotel accommodations. In 1954, Hilton Hotels bought The Hotels Statler Company, Inc. for $111 million, then the world's largest real estate transaction.
Nov 16, 2015 · In 1946, Conrad formed Hilton Hotels Corp. Around The World. Three years later came Hilton International Co. In all, Hilton would own 188 hotels in 38 American cities — plus 54...
Apr 2, 2014 · After fighting in WWI, Hilton bought the Mobley Hotel in Cisco, TX and grew it into a hotel empire. He formed the Hilton Hotels Corporation in 1946 and expanded his operations outside of the...
Jan 26, 2022 · Conrad Hilton was among the first to introduce a star rating system to signal hotel quality, and he also popularized the idea of combining hotels, restaurants, and casinos. By his death on January 3, 1979 Hilton had amassed a personal fortune of around $1 billion (roughly $3.5 billion today).
Apr 24, 2019 · In 1919, Conrad N. Hilton, then a 31-year-old World War I Veteran, entered the hotel business somewhat accidentally. He had traveled to Cisco, Texas during the oil boom to buy a bank, but instead purchased the 42-room Mobley Hotel when the original deal fell through.
Conrad Hilton enters the hotel business in Cisco, Texas. On his way to buy a bank, Hilton purchases The Mobley, a local hotel, instead.
May 13, 2019 · Although founder Conrad Hilton’s first hotel was the Mobley Hotel in Cisco, Texas, the first hotel formally named a Hilton came several years later. The Dallas Hilton, opened in 1925, had the honor of being the first to officially carry the Hilton name.
