The entrepreneurial story of Conrad Hilton, the founder of Hilton Hotel.

The entrepreneurial story of Conrad Hilton, the founder of Hilton Hotel.

Hilton International Hotel Group (HI) is a branch of the Hilton Group, headquartered in the UK, and its business covers all over the world except the United States? Hilton? The right to use a trademark. Hilton International Hotels Group manages 403 hotels, including 26 Hilton hotels1and 42 mid-market hotels1? Kandic. Hotels, and 18 joint venture with Hilton Hotels Management Company headquartered in North America, distributed in 12 countries? Conrad? (also known as? Li Hong? ) hotel. Its global marketing alliance with Hilton Hotel Management Company makes the total number of hotels owned by both parties worldwide exceed 2,700, of which more than 500 hotels * * * share the brand of Hilton. Hilton International Hotels Group has more than 7 1000 employees in 80 countries around the world.

The entrepreneurial story of the founder of Hilton Hotel ranges from an apple to $700 million.

He was born in a wealthy merchant family in America. At the age of 20, there was a serious economic crisis in the United States. Almost overnight, he became poor and was forced to leave home to travel. That day, he hungrily wandered the streets of Dallas, and had not eaten a full meal for two days.

Suddenly, a red apple in the grass caught his attention. This may be the breakfast that God gave me. ? His heart was pounding, his hands trembled and he picked up the apple, trying to take a big bite, but reluctantly put it back in his pocket. ? Let's save it for the most critical time. ? He thought. In this way, he was lying on a stone pier at the gate of Dallas station with an apple in his hand, bathed in warm sunshine, and looked at the people coming and going around, filled with infinite reverie.

At noon, he exchanged apples for 1 markers and 10 cardboard, and painted with a little boy passing by with a drawing board on his back. Soon, people saw a sunny young man selling something made of cardboard in the crowd at the station: selling stop signs for one dollar each. ?

That night, he ate a delicious hamburger, found a cheap hotel near the station, took a hot bath and had a good sleep. He has six dollars in his pocket at this time. Two months later, his stop sign changed from cardboard to beautifully made welcome sign, and three people were hired to help him.

A year later, he had $5,000 in his passbook, but he still thought it was too far from his ideal to make money like this.

By chance, he found that there was only one restaurant in downtown Dallas. He thinks it will be very profitable to build a high-standard and high-grade hotel in this prime location.

He chose a piece of land at the corner of downtown Dallas, so he went to the real estate developer old Demick. Smart old Demick offered a high price of 300 thousand dollars. He invited architects and real estate appraisers to evaluate the hotel he envisioned, and the result was that at least $6,543,800+0,000 was needed.

Undaunted, he bought a small hotel in the suburbs with $5,000 in his hand. Soon, he made a profit of $50,000, and then asked his friends to contribute. The two of them raised $654.38 million and began to build his ideal hotel.

He found old Demick again and signed an agreement to buy land, with a transfer fee of $300,000. Seeing that the payment date stipulated in the contract was coming, he only took a few dollars to old Demick: I bought your land to build the most magnificent hotel in the city, but my money was only enough to build a general hotel. I don't want to buy your land now, I just want to rent your land. ? Old Demick was angry and didn't want to cooperate with him any more. He told old Demick very sincerely: If you lease your land, my lease term is 90 years, and the annual rent is 30,000 dollars. You can keep the ownership of the land. If I can't pay on time, then you can take back your land and the hotel built on this land. ?

When old Demick heard this, he was secretly pleased: the land transfer fee of $300,000 was gone, but he got the future income of $2.7 million, and he might get a new luxury hotel on this land. Why not? As a result, the deal was finalized. The young man immediately paid $30,000 for the first year's rent. At an appropriate time, he found old Demick again: I want to use the land as collateral and borrow money from the bank. I hope you can give me support. ? Old Demick was angry, but there was no better way and he agreed.

He took the land use certificate from old Demick and successfully borrowed $300,000 from the bank. Together with his original 70 thousand dollars, he got 370 thousand dollars. The money was far from 1 10,000 dollars, so he found another rich man and asked him to build a hotel with him. The rich man invested $200,000 to become a shareholder. In this way, his funds reached 570,000 dollars.

1May, 924, his hotel started construction in the case of a large funding gap. By the middle of the project, all his $570,000 had been used up, and he was in trouble again. He had to find old Demick again and truthfully explained the economic difficulties. He hoped that old Demick would contribute to the completion of this half-built hotel. As soon as the hotel is completed, you can own it completely, but you have to rent it to me for operation. I will pay you $654.38 million in rent every year. ?

Old Demick figured that after the hotel was completed, he could not only own it completely, but also own the land and get a lot of rent every year, so he willingly took out huge sums of money to continue building the hotel until it was completed.

On August 4th 1925, the hotel was built, which is the famous Dallas? Hilton Hotel? . The young man who built this hotel is Conrad, the world-famous king of hotels? Hilton. The Hilton Hotel Empire founded by him has hundreds of hotels around the world, with total assets exceeding 700 million dollars.

It took Hilton only 17 years to accumulate this huge wealth from only one apple to assets of more than 700 million dollars. Hilton said quietly when she recalled the past. God never looks down on humble people and never gives too much to anyone. ?

;