Hilton vs JPMorgan Chase: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: Hilton and JPMorgan Chase side by side

1. 1799JPMorgan Chase

   Manhattan Company Chartered

   Aaron Burr and Alexander Hamilton led the effort to obtain a New York charter for the Manhattan Company.

2. 1871JPMorgan Chase

   Drexel, Morgan & Co. Formed

   J. Pierpont Morgan and Anthony Drexel formed Drexel, Morgan & Co. in New York. The partnership developed into J.P. Morgan & Co., creating the Morgan banking lineage that would remain separate from Chase until the companies combined in 2000.

3. 1907JPMorgan Chase

   Panic of 1907

   During the Panic of 1907, J. Pierpont Morgan organized bankers and other private participants to support strained financial institutions. The episode became a defining part of the Morgan firm's history in an era before the Federal Reserve existed.

4. 1919Hilton

   Founding - Mobley Hotel Purchase

   Conrad Hilton purchases the Mobley Hotel in Cisco, Texas for $40,000, marking the formal founding of what will become Hilton Worldwide Holdings. The purchase was unplanned; Conrad had originally traveled to Cisco to buy a bank.

5. 1925Hilton

   First Purpose-Built Hilton Hotel

   Conrad opens the first hotel built from the ground up bearing the Hilton name in Dallas, Texas, marking a transition from acquiring existing properties to developing new ones and formalizing the Hilton brand identity.

6. 1943Hilton

   Acquisition of the Stevens Hotel, Chicago

   Hilton acquires the Stevens Hotel in Chicago - then the world's largest hotel with over 3,000 rooms - transforming the company from a regional Texas operator into a nationally recognized lodging company.

7. 1946Hilton

   Hilton Hotels Corporation Goes Public

   Hilton Hotels Corporation lists on the New York Stock Exchange, becoming one of the first major hotel companies to access public capital markets and establishing a financial structure that would fund the company's continued national expansion.

8. 1949Hilton

   Waldorf Astoria Acquisition and International Debut

   Conrad Hilton acquires the well-known Waldorf Astoria in New York City and opens the Caribe Hilton in San Juan, Puerto Rico - the company's first international property. Both transactions cement Hilton's status as a premier global luxury brand.

9. 1955JPMorgan Chase

   Chase Manhattan Created

   The Bank of the Manhattan Company merged with Chase National Bank to form Chase Manhattan Bank. This combination joined the firm's oldest 1799 predecessor with the Chase name and created the institution that later merged with J.P. Morgan.

10. 1964Hilton

    International Division Spun Off

    Hilton Hotels Corporation and Hilton International are formally separated, with the international operations becoming an independent company. This bifurcation persisted for decades and would eventually be reversed through acquisition in the 2000s.

11. 1999Hilton

    Acquisition of Promus Hotel Corporation

    Hilton acquires Promus Hotel Corporation for approximately $3.7 billion, adding the Hampton Inn, Doubletree, Embassy Suites, and Homewood Suites brands to its portfolio - transforming Hilton into a multi-brand lodging company and expanding its focused-service…

12. 2000JPMorgan Chase

    Chase and J.P. Morgan Merge

    Chase Manhattan and J.P. Morgan & Co. completed their merger, combining commercial and consumer banking with investment banking and institutional services. JPMorgan Chase identifies this transaction as the formation of the modern company.

13. 2004JPMorgan Chase

    Bank One Merger

    JPMorgan Chase completed its $58.546 billion stock-for-stock merger with Bank One on July 1.

14. 2006JPMorgan Chase

    Jamie Dimon Becomes CEO

    Jamie Dimon succeeded William B. Harrison Jr. as chief executive on January 1. Dimon had joined JPMorgan Chase as president and chief operating officer when the Bank One merger closed and became chairman one year after becoming CEO.

15. 2007Hilton

    Blackstone Group Leveraged Buyout

    Blackstone Group acquires Hilton Hotels Corporation in a leveraged buyout valued at approximately $26 billion - the largest hotel acquisition in history at the time. Christopher Nassetta is installed as CEO.

16. 2008JPMorgan Chase

    Bear Stearns Acquired

    JPMorgan Chase completed its acquisition of Bear Stearns during the financial crisis.

17. 2008JPMorgan Chase

    Washington Mutual Operations Acquired

    After Washington Mutual Bank entered FDIC receivership, JPMorgan Chase paid $1.9 billion to acquire its banking operations, including assets, deposits, and qualified financial contracts under the transaction terms.

18. 2013Hilton

    NYSE Relisting - Largest Hospitality IPO in History

    Hilton Worldwide Holdings relists on the New York Stock Exchange in December 2013, raising approximately $2.35 billion in what was then the largest IPO in the history of the hospitality industry. The listing valued Hilton at approximately $19.7 billion.

19. 2017Hilton

    Spinoff of Park Hotels & Resorts and Hilton Grand Vacations

    Hilton completes the spinoff of Park Hotels & Resorts and Hilton Grand Vacations as separately traded public companies, completing its transition to a fully asset-light franchise and management fee model and returning significant real estate value to sharehold…

20. 2020Hilton

    COVID-19 Pandemic - Deepest Revenue Shock in Company History

    The COVID-19 pandemic causes system-wide Revenue Per Available Room to fall approximately 57% as global travel shuts down.

21. 2023JPMorgan Chase

    First Republic Acquired from FDIC

    JPMorgan Chase acquired the substantial majority of First Republic Bank's assets and assumed deposits and certain liabilities from the FDIC.

22. 2024Hilton

    Revenue Reaches $11.2 Billion, Pipeline Exceeds 500,000 Rooms

    Hilton reports fiscal year 2024 revenues of approximately $11.2 billion and adjusted EBITDA of approximately $3.3 billion, with the Hilton Honors program surpassing 190 million members and the global development pipeline exceeding 500,000 rooms under developme…

23. 2025Hilton

    9,000th Hotel and Record Openings

    Hilton opened about 97,000 rooms, passed 9,000 hotels, entered markets including Tanzania, Rwanda, and Pakistan, and returned $3.3 billion to shareholders.

24. 2025JPMorgan Chase

    FY2025 Net Revenue of $182.447B

    JPMorgan Chase reported U.S. GAAP total net revenue of $182.447 billion and net income of $57.048 billion. Its managed, fully taxable-equivalent segment presentation reported $185.581 billion of total net revenue across CCB, CIB, AWM, and Corporate.

25. 2026JPMorgan Chase

    Chase to Become Apple Card Issuer

    On January 7, 2026 Apple and Chase announced that Chase will replace Goldman Sachs as Apple Card issuer over about 24 months.

26. 2026JPMorgan Chase

    Co-Presidents Named

    Doug Petno and Troy Rohrbaugh were named co-presidents in June 2026, and Marianne Lake announced her retirement.

Acquisitions

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