hilton colombo annual report 2020

[1] The company was listed on the Colombo Stock Exchange in 1984. << /Parent 2 0 R As demand from restaurants and caterers dwindled during the pandemic, food rescue organizations were faced with a surplus of donated bulk food and increasing community needs, but limited storage and preparation capacity. /Last 22 0 R endobj 4 0 obj /Type /Page 69% owned subsidiary of conglomerate John Keels Holdings OK) that reported a net profit of RSI. % A beautifully secluded poolside trattoria creates the ideal setting to savour the splendour of Italian cuisine. [2] The hotel was launched in 1987 and the 30th anniversary was celebrated in 2017. - 1 - 1286, 28 Apr 2023 We drive responsible travel and tourism globally through our Travel with Purpose strategy and Hilton Effect Foundation. /Contents 39 0 R No.2 Sir Chittampalam A. Gardiner Mawatha. Hotel Gaillardia, Colombo: 5 star city . /Outlines 3 0 R << Jetwing Colombo Seven (Colombo), Jetwing Surf (Pottuvil Point) and . Please visit our dedicated Travel with Purpose website for more information on our programs, including our Travel with Purpose 2030 Goals and our 2020 ESG Report. stream /Count -6 /MediaBox [0.0 0.0 612.0 792.0] endobj ]\EN:H6@1|oMILCL_rR. /Type /Page /Parent 2 0 R << endobj Hilton Colombo is a Hilton brand five-star luxury hotel in Colombo, Sri Lanka. Updates from Our Press Room to Your Inbox. /MediaBox [0.0 0.0 612.0 792.0] >> endobj /Prev 20 0 R /Type /Page /Annots [30 0 R 31 0 R 32 0 R 33 0 R 34 0 R 35 0 R] 14. . Hilton Worldwide Holdings Inc. (HLT) 10K Annual Reports & 10Q SEC Filings /Last 21 0 R /MediaBox [0.0 0.0 612.0 792.0] /Count -6 stream /Type /Page In addition to the steps that we took internally to strengthen our Diversity & Inclusion programs and support our Team Members, the Hilton Effect Foundation provided grants to nonprofits on the front lines of fighting for racial justice, including the NAACP and the National Urban League. endobj Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. [4] Hotel Developers (Lanka) was delisted from the Colombo Stock Exchange in 2020. >> The national coffers are reported to have incurred huge losses when implement, The MV X-press Pearl disaster is considered one of the biggest disasters in m, Five years have passed since anti-Muslim violence erupted in the Amparai/Ampa, Shanthi Pushparaja (Real name withheld), mother of three children who was tak, 28 Apr 2023 /Length 2944 To help solve this problem, five of our hotels in the U.K. partnered with Open Kitchens to store and distribute food to those in need. 0000004286 00000 n PDF STAKEHOLDER ENGAGEMENT - Hilton The Hilton London Metropole, Hiltons largest hotel in the U.K., served as a community kitchen, and in 2020 the hotels chefs prepared over 30,000 meals for distribution to the homeless, children who rely on free school meals, the elderly and those living in isolation. /Resources 49 0 R endobj 21 0 obj /Resources 53 0 R << 18 0 obj << /F 2 >> 0000006832 00000 n >> << endobj Among other factors, declines inRead more, We capitalize costs associated withRead more, Other non-operating income, net consistsRead more, As such, American Express resumedRead more, A change in these assumptionsRead more, EBITDA and Adjusted EBITDA areRead more, Operating Activities The increase inRead more, The increase in interest expenseRead more, Actual results may differ significantlyRead more, Overall, leisure transient was theRead more, Incentive management fees increased asRead more, The success and sustainability ofRead more, Refer to "-Revenues" for furtherRead more, The increase in other revenuesRead more, The currency neutral increase inRead more, Other Items Effect of foreignRead more, Growth and maintenance of ourRead more, Consideration provided to incentivize hotelRead more, Investing Activities Net cash usedRead more, Despite these temporary suspensions ofRead more, Other support expenses include: costsRead more, Represents amounts that are contractuallyRead more, Food and beverage costs includeRead more, Key Business and Financial MetricsRead more, Additionally, changes in depreciation expenseRead more, These are non-cash expenses thatRead more, We recognize revenue for pointRead more, Additionally, we incurred increased expensesRead more, System Growth and Development PipelineRead more, After considering our approach toRead more, ADR measures the average roomRead more, While these objectives have notRead more, We believe that the followingRead more, While results were less predictableRead more, Loss on debt extinguishment relatedRead more, Debt and Borrowing Capacity AsRead more, In determining the fair value,Read more, Although all periods included inRead more, Further, the estimates and assumptionsRead more, Room expenses include compensation costsRead more, The increase in cash providedRead more, Consumer demand for our productsRead more, Revenues During the year endedRead more, The effectiveness of any cost-cuttingRead more, We have a long-term investmentRead more, Management has discussed the developmentRead more, Also, declines in hotel profitabilityRead more, Hilton Worldwide Holdings Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. /Resources 43 0 R /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] /Type /Page << << Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune's 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for six consecutive years. 380 0 obj <>stream Hilton Colombo Residences - Tripadvisor 16 0 obj endobj Hilton Colombo was constructed by a consortium comprising Mitsui & Company. /Type /Page /F 2 /Resources 38 0 R << Phase 2 of the Refurbishment program covering the Rooms and the Chinese Restaurant will commence in October 2018 and is expected to be completed in July 2020. endobj /Parent 2 0 R startxref endobj /Contents 23 0 R Despite the challenges presented by the COVID-19 pandemic, we remain fully committed to creating long-term value for our business and our stakeholders through our Environmental, Social and Governance (ESG) practices. /Parent 2 0 R /Count 2 [5], The operations of the hotel were temporarily halted after one of the staff members was tested positive for COVID-19. /Type /Pages [9] /Resources 28 0 R 0000007600 00000 n /Type /Page Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Hilton Worldwide Holdings Inc.. Hilton Worldwide Holdings Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes: If we are required to recognize impairment losses related to our depreciable assets or finite-lived intangible assets, the related depreciation or amortization expense, respectively, will decrease. /C [0.0 0.0 0.0] /Parent 2 0 R << /Parent 2 0 R The Net Loss after tax increased from Rs. 0000010341 00000 n The refurbishment which commenced in 2014 is being carried out in a phased out manner while the Hotel is in operation and the Phase 1 covering the Main Kitchen, Lobby, All Day Dining Restaurant, Executive Lounge, Coffee Shop and the Reception have been completed in August 2017. /Type /Page 5 0 obj >> 0000012534 00000 n Redesigned with an urban park theme, electric style meets an impressive lotus pond view vista. /Resources 60 0 R /Count 0 /Resources 23 0 R 6 0 obj /Next 21 0 R Corporate Team Members assembled more than 15,000 Clean the World hygiene kits for organizations in Memphis, Dallas and Washington, D.C. And members of our Hilton Reservation and Customer Care team used their customer service skills to connect with homebound seniors in partnership with Meals on Wheels. << 11 0 obj /Contents 54 0 R 0000004473 00000 n I had booked a 2 bedroom suite for 1 night with 40,000 Hilton points. %%EOF 9 0 obj /Resources 27 0 R 43 of 2011. Since its commencement, the company has had a troublesome history. >> /Resources 54 0 R /Resources 24 0 R /Contents 28 0 R /Kids [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R /Count 16 /CreationDate (D:20210216215732+00'00') /MediaBox [0.0 0.0 612.0 792.0] [8] Amenities The hotel is located next to the World Trade Center Colombo and has 382 rooms and 36 suites. Guests staying in the Executive rooms and Suites have access to the Executive Lounge. >> Our strong balance sheet and quick, decisive actions ensured our ability to navigate the challenges of 2020, Unique innovations driven by an enhanced focus on safety and hygiene for evolving traveler needs brought peace of mind to our guests, Our purpose-led culture prioritized the safety and well-being of our Team Members, Through corporate partnerships and grants from the Hilton Effect Foundation, we supported our Hilton family and friends around the globe, As I reflect on what has been a challenging period, I remain genuinely optimistic about what the future holds and am proud of how weve responded to the crisis and served all our stakeholders.. Risk Factors" of Hilton's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and /Contents 36 0 R >> /MediaBox [0.0 0.0 612.0 792.0] /MediaBox [0.0 0.0 612.0 792.0] PDF Contents /First 21 0 R The hotel was opened for commercial operations in September 1987. /Parent 2 0 R >> Hotel Developers (Lanka) Plc (Sri Lanka) - EMIS 0 We worked with our hotel teams to deploy operational best practices that further reduced our environmental footprint in times of low occupancy. /MediaBox [0.0 0.0 612.0 792.0] 22 0 obj /Contents 52 0 R The design plans were developed by Kanko Kikaku Sekkeisha, Yozo Shibata Associates, a leading firm of Japanese architects. /MediaBox [0.0 0.0 612.0 792.0] 10 0 obj /Type /Page >> /Type /Catalog 8 0 obj endobj /Contents 27 0 R 0000012861 00000 n On August 4, 2020, Beirut witnessed two major explosions near its port. PDF Annual Report - Luxury Hospitality Industry | Jetwing Symphony endstream endobj 369 0 obj <>stream Through the award-winning guest loyalty program Hilton Honors, the more than 158 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. /Contents 42 0 R Hilton, Colombo: 5-star city hotel, room rates approximately 10% higher than Cinnamon Lake View, older facilities. Graze Kitchen, the buffet restaurant;[10] Curry Leaf, the Sri Lankan cuisine restaurant of the hotel;[11] Cafe Kai; Stella, a karaoke lounge; L.A.B; SunsetBlu and Emperor's Wok. In January 1984, a management agreement was signed with Hilton International to manage the hotel and in the same year a public share issuewas carried out. /Type /Catalog /MediaBox [0.0 0.0 612.0 792.0] The hotel also has meeting and banquet facilities.[9]. /Contents 49 0 R /Count 2 /Contents 55 0 R << Impact | Hilton 2020 Annual Report Strength Where It Matters Positive Social and Environmental Impact DoubleTree by Hilton Hotel Alice Springs, Australia As one of the world's largest hospitality companies, Hilton recognizes the important role we play in protecting our communities and the planet for future generations. /Author (anonymous) /F 2 /Resources 55 0 R /Parent 3 0 R 3 0 obj 0000000656 00000 n << /ModDate (D:20210216215732+00'00') In 2020, the Hilton Effect Foundation awarded 23 Hilton Effects Grants to organizations driving inclusive COVID-19 recovery and community resilience. 7 0 obj /Resources 56 0 R /Parent 2 0 R /Filter /FlateDecode /Type /Outlines << 270 Mn which reflects the severe COVID-induced impact on Financial Statements for the financial year ending 31st December 2020. the hospitality sector. /Contents 48 0 R /Next 22 0 R "A village in the heart of the city", the Curry Leaf is Colombos most exclusive Sri Lankan and Seafood restaurant. 0000003328 00000 n Hilton is a leading global hospitality company with aportfolioof 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. When the first local patient was discovered in mid-March 2020, the airport was closed immediately, and all passenger flights were terminated. /MediaBox [0.0 0.0 612.0 792.0] In alignment with our science-based targets, we also took several steps to increase our sourcing of renewable energy at our hotels around the world. As the finite-lived intangible assets that were recorded at the Merger become fully amortized, amortization expense will decrease. /Type /Page /MediaBox [0.0 0.0 612.0 792.0] Our CEO and Executive Committee review progress towards our 2030 Goals alongside other key business priorities during Quarterly Business Reviews. >> Downloads | Hilton 2020 Annual Report Skip to Main Content (Press Enter) 2020 Annual Report InnovationValueOpportunityImpactCEO & CFO MessagesBrandsStockholder InformationDownloads CEO & CFO MessagesBrandsStockholder InformationDownloads Downloads 2020 Annual Report2021 Proxy2020 10-K InnovationValueOpportunityImpact << /Parent 2 0 R All guest rooms and suites are complete with High speed wireless internet. The 27th annual Oktoberfest was organised in 2019 by the hotel. Hilton owner to delist shares from CSE - Business News - Daily Mirror /Contents 26 0 R Hotel Developers (Lanka) PLC, the owner of Hilton Colombo, has announced that the State-owned entity will delist its shares from the official list of the . With the free, , guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Partnering with organizations to drive COVID-19 and natural disaster recovery, including World Central Kitchen, Direct Relief, Project HOPE, Meals on Wheels and Open Kitchens UK, Supporting nonprofits on the front lines of the fight for racial justice, including the NAACP and National Urban League, Contributing to the re-launch of the Sustainable Hospitality Alliance, harnessing the collective action of the hotel industry to drive positive impact at scale, Maintaining our partnerships with leading anti-human trafficking NGOs, including ECPAT-USA and Its a Penalty, Joining with the Tent Partnership for Refugees and Human Rights Campaign to pledge to mentor LGBTQ refugees and asylum seekers. % /Parent 2 0 R In a filing to the CSE last week, the company revealed that necessary resolutions were already passed by the Board of Directors of Hotel Developers (Lanka) PLC on June 18, 2020 for the delisting under the Securities and Exchange Commission (SEC) Act. /Type /Page 2 0 obj /Resources 41 0 R 14 0 obj 29 June 2020 08:43 am - 0 - 1449. TEAM MEMBERS Rooms were made available to doctors, nurses, EMTs, paramedics and other frontline medical staff who needed a place to sleep, recharge or isolate. >> The hotel is owned by Hotel Developers (Lanka) Ltd. and the company was incorporated in 1983. /Parent 2 0 R 8 0 obj 1 0 obj 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R] /Resources 48 0 R 29 June 2020 08:43 am /Resources 39 0 R >> << /MediaBox [0.0 0.0 612.0 792.0] HdM\!} H|T;0} /Contents 59 0 R In the wake of several acts of egregious racially motivated violence in 2020, Hilton condemned racism and discrimination in all forms, and encouraged our Team Members to stand up against social injustice. Following the passing of the resolutions, the company would move ahead to make an application to the SEC for the announced de-listing in terms of rule 5 (1) under section 53 of the SEC ACT no 36 of 1987 ( as amended). c?J tUb;g%UiQc&n-vu>Enu)6lnmAQRkIOH=-T\P#%|9?7H#%[}"_PgNcVUh.GWzCaWe;2go}3_hCWDZ/_lj>x#H5Y /MediaBox [0.0 0.0 612.0 792.0] >> >> >> /MediaBox [0.0 0.0 612.0 792.0] << /Contents 22 0 R /Title (Supplemental Schedules) /Resources 52 0 R Hilton (NYSE: HLT) is a leading global hospitality company with a, of 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. Experience the beautiful and comforting ambience of our restaurant at the Dutch Hospital Precinct that serves you a taste of Japanese cuisine right in the heart of Colombo. No share repurchases have been made since March 5, 2020, and no dividends have been declared or paid since March 31, 2020. . endobj ~4=y}6/8Ug8/~9$Qty'EQg=;k38s{0Nsn+=`q2.=>M{ ^$ yu?SeFfYJ/wo i}Laa Tg-Sp+-S,6_$ACq|iD8m3-{GQ*R)UCuUDy#m\!Ua.K|G7U?m H~2 $HaT#_e:X15!=T &EGQQ]B-a7O-I _Y(#qf1^gY`lmlwd"4JTb3j-Mix}fD%ib)Z58FD.i^ M"{OB https://last10k.com/sec-filings/hlt/0001585689-23-000036.htm. >> endobj Added 14,700 rooms to Hilton's system in the third quarter, contributing to 11,200 net additional rooms during the period and approximately 6.6 percent annualized net unit growth from September 30, 2020 Full year 2021 net unit growth is expected to be between 5.0 percent and 5.5 percent Overview hXkPS> U.jjta@dAd B4\" utSgmJ1n;;wn9Lfw{/w& 1L4c8SbGI0_^c zHb4=&04%\)f~iGE4k]A+*4d/"BOJbEE}dW4/;wC+,H9UoUQe4W0A$fqbG8HJ~o/j.u.~%*7,1 << In April 2008 the Company was re- registered as Hotel Developers (Lanka) Ltd in terms of the new Companies Act of 2007. Partnerships were more important in 2020 than ever before. As one of the worlds largest hospitality companies, Hilton recognizes the important role we play in protecting our communities and the planet for future generations. /Resources 58 0 R >> hotel project. The Hilton Effect Foundations grants aimed to address some of the most urgent humanitarian needs arising from the pandemic: food security, sanitation/hygiene, economic security and clean air and water. A new Management Agreement was signed in Oct 2012 and in terms of which, HDL has undertaken to refurbish Hilton Colombo. /Contents 45 0 R %PDF-1.4 - 4 - 2336, 26 Apr 2023 0000009547 00000 n /Parent 2 0 R >> >> - 3 - 536. /Last 59 0 R /Type /Page Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parentheticals), Consolidated Statement Of Comprehensive Income (Loss) (Parentheticals), Consolidated Statements Of Comprehensive Income (Loss), Consolidated Statements Of Stockholders' Equity (Deficit) (Parentheticals), Consolidated Statements Of Stockholders' Equity (Deficit) Statement, Accounts Payable, Accrued Expenses And Other, Accounts Payable, Accrued Expenses And Other (Details), Accounts Payable, Accrued Expenses And Other (Tables), Accumulated Other Comprehensive Loss (Tables), Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Loss (Details), Basis Of Presentation And Summary Of Significant Accounting Policies, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies), Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Details), Business Segments - Hotel Properties By Segment (Details), Business Segments - Reconciliation Of Revenues From Segments To Consolidated (Details), Business Segments - Reconciliation Of Segment Operating Income To Income Before Income Taxes (Details), Business Segments - Schedule Of Assets By Segment (Details), Business Segments - Schedule Of Revenues By Country (Details), Consolidated Variable Interest Entities (Tables), Consolidated Variable Interest Entities - Additional Information (Details), Consolidated Variable Interest Entities - Schedule Of Consolidated Variable Interest Entities (Details), Employee Benefit Plans - Additional Information (Details), Employee Benefit Plans - Fair Value Of Pension Assets (Details), Employee Benefit Plans - Net Periodic Pension Cost (Credit) (Details), Employee Benefit Plans - Schedule Of Amounts Recognized In Balance Sheet (Details), Employee Benefit Plans - Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) (Details), Employee Benefit Plans - Schedule Of Assumptions Used (Details), Employee Benefit Plans - Schedule Of Changes In Projected Benefit Obligations (Details), Employee Benefit Plans - Schedule Of Expected Benefit Payments (Details), Fair Value Measurements - Additional Information (Details), Fair Value Measurements - Recurring &Amp; Disclosure (Details), Goodwill And Intangible Assets - Additional Information (Details), Goodwill And Intangible Assets - Amortization Of Amortizing Intangible Assets (Details), Goodwill And Intangible Assets - Schedule Of Future Amortization (Details), Goodwill And Intangible Assets - Schedule Of Other Intangible Assets (Details), Income Taxes - Additional Information (Details), Income Taxes - Components Of Income Tax Expense (Details), Income Taxes - Effective Income Tax Rate Reconciliation (Details), Income Taxes - Income Before Income Taxes (Details), Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details), Income Taxes - Summary Of Unrecognized Tax Benefits (Details), Leases Components Of Lease Expense (Details), Leases Future Minimum Lease Payments (Details), Leases Supplemental Balance Sheet Information Related To Leases (Details), Leases Supplemental Cash Flow Information Related To Leases (Details), Other Liabilities - Other Long-Term Liabilities (Details), Property And Equipment - Additional Information (Details), Property And Equipment - Schedule Of Property And Equipment (Details), Revenues From Contract With Customers - Contract Liabilities (Details), Revenues From Contracts With Customers (Tables), Revenues From Contracts With Customers - Additional Information (Details), Share-Based Compensation - Additional Information (Details), Share-Based Compensation - Schedule Of Additional Information On Performance Shares (Details), Share-Based Compensation - Schedule Of Additional Information On Restricted Stock Units (Details), Share-Based Compensation - Schedule Of Additional Information On Stock Options (Details), Share-Based Compensation - Schedule Of Performance Shares Award Activity (Details), Share-Based Compensation - Schedule Of Restricted Stock Units Award Activity (Details), Share-Based Compensation - Schedule Of Stock Options Activity (Details), Share-Based Compensation - Schedule Of Stock Options Valuation Assumptions (Details), Exhibit 10.47: Credit Agreement Amendment No.

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