WASHINGTON, Dec. 13, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce (USHCC) congratulates Hilton Worldwide Holdings Inc., the world's largest hospitality company, for re-entering the public market yesterday. The company returned to the New York Stock Exchange in record-breaking fashion raising nearly $2.35 billion in share sales on its first day, becoming the most successful IPO launch in hotel history. Economists say this event marks a major milestone for the country's economic recovery, as Hilton's plans to expand its operations indicate an overall increase in consumer confidence.
"The USHCC is proud of Hilton's latest accomplishment — yet another sign that they are not only true industry leaders in hospitality, but also great global ambassadors of American enterprise," said USHCC President & CEO Javier Palomarez. "Today's record-breaking public market debut sends a strong message that American business is alive and well, and that our nation's economy is on the right path to recovery."
Hilton Worldwide has been a longstanding partner of the USHCC. Last September, the iconic Chicago Hilton hosted the 2013 USHCC National Convention, the largest gathering of Hispanic business leaders in the country. This annual event convened nearly 7,000 business leaders, entrepreneurs and executives, making it the largest convention in USHCC history. Next year, the Capital Hilton Hotel will host the USHCC's 24th Annual Legislative Summit from March 25-27.
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and development of entrepreneurs and represents the interests of nearly 3.2 million Hispanic owned businesses nationwide that contribute in excess of $468 billion to the American economy. It also serves as the umbrella organization for more than 200 local chambers and business associations throughout the United States and Puerto Rico. For more information, visit www.USHCC.com.
CONTACT: Valentina Pereda USHCC Director of Communications 202-489-2932Source:United States Hispanic Chamber of Commerce