Hilton vs Target: Founders, CEOs and History
Hilton was founded in 1919 by Conrad Nicholson Hilton and is led by Christopher J. Nassetta. Target was founded in 1902 by George Dayton and is led by Michael Fiddelke.
Company facts
Founders
Hilton
Conrad Nicholson Hilton
Hilton possesses a well-known, American founding story, rooted in the economic boom of the early Texas oil fields and the ambitious, optimistic vision of a single entrepreneur who essentially invented the modern concept of the global hotel chain.
Target
George Dayton
George Draper Dayton became a partner in Goodfellow's Dry Goods Company, one of the largest department stores in Minneapolis, in 1902, and became sole owner and president within a year, renaming it the Dayton Dry Goods Company.
CEOs and their tenures
Hilton
- Barron Hilton1966–1996
Former President and Chief Executive Officer
Barron Hilton proved to be an effective, capable successor who navigated the company through cultural and economic shifts.
Source - Stephen Bollenbach1996–2007
Former Chief Executive Officer
Bollenbach modernized Hilton's archaic financial structures and accelerated its growth trajectory.
Source - Christopher J. Nassetta2007–present
Chief Executive Officer
Nassetta navigated Hilton through the devastating Global Financial Crisis and the disruption of the COVID-19 pandemic.
Source
Target
- Robert J. Ulrich1994–2008
Chairman and CEO
Under Ulrich Target grew into the second-largest US discount retailer, built its design-partnership model with designers such as Michael Graves, and added the Super Target format. He retired as chief executive in 2008 and was succeeded by Gregg Steinhafel.
Source - Gregg Steinhafel2008–2014
Chairman, President and CEO
Steinhafel resigned in May 2014 after the data breach and the poor results of Target Canada, which the company closed in 2015 after losses. Brian Cornell succeeded him later in 2014.
Source - Brian Cornell2014–2026
Former Chairman and CEO
Cornell's tenure ended amid a stock and sales slump, with revenue declining for three consecutive fiscal years (from $107.412 billion in FY2023 to $104.780 billion in FY2025) even as the omnichannel infrastructure he built began paying off in the following qua…
Source - Michael Fiddelke2026–present
Chief Executive Officer
Fiddelke inherited a company coming off three straight years of revenue decline. His first two quarters as CEO delivered growth: Q1 FY2026 net sales rose 6.7% and Q2 FY2026 net sales rose 5.3% to $26.5 billion, with comparable traffic up 3.6%.
Source
Timeline: Hilton and Target side by side
1902Target
Dayton Company is founded
George Dayton becomes a partner in Goodfellow's Dry Goods Company in Minneapolis in 1902, then sole owner in 1903, renaming it Dayton Dry Goods Company -- the business that eventually becomes Target Corporation.
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.
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.
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.
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.
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.
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
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.
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…
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
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.
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.
2013Target
Target Data Breach
Target discloses a data breach affecting more than 40 million customer payment cards during the holiday shopping season, becoming one of the most-cited cybersecurity failures in US retail history.
2014Target
Dermstore Acquired
Target acquires online beauty retailer Dermstore to expand its e-commerce beauty business; it sells the unit to THG for $350 million in 2021.
2015Target
Target Exits Canada
Target announced in January 2015 that it would close all of its Canadian stores, ending an expansion that began in 2013.
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…
2017Target
Target acquires Shipt and Grand Junction
Target acquires same-day delivery platform Shipt for about $550 million and transportation-technology startup Grand Junction, accelerating omnichannel fulfillment.
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.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
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…
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.
2025Target
Michael Fiddelke named next CEO
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026, after 22 years rising through the company including as CFO and COO.
2026Target
FY2025 revenue is reported
Target reports FY2025 revenue of $104.780B and net income of $3.705B, the third consecutive year of revenue decline.
2026Target
Q1 FY2026 sales rebound
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6% under new CEO Michael Fiddelke.
2026Target
Q2 FY2026 growth and raised outlook
Target reports Q2 FY2026 net sales of $26.5B (+5.3%), comparable sales growth of 3.8% and raises full-year guidance to about 5% sales growth.
Acquisitions
Hilton
- Graduate Hotels (brand)2024$210M
- NoMad Hotels (partnership with Sydell Group)2024Undisclosed
- Hilton International (from Ladbroke Group)2006$5.7B
- Promus Hotel Corporation1999$3.7B
Questions about Hilton vs Target
Who is the CEO of Hilton Worldwide Holdings Inc. and Target Corporation?
Hilton Worldwide Holdings Inc. is led by Christopher J. Nassetta and Target Corporation is led by Michael Fiddelke. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Hilton Worldwide Holdings Inc. founded vs Target Corporation?
Target Corporation was founded in 1902 — 17 years before Hilton Worldwide Holdings Inc., which was founded in 1919. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Hilton Worldwide Holdings Inc..
How many employees does Hilton Worldwide Holdings Inc. have compared to Target Corporation?
Hilton Worldwide Holdings Inc. employs approximately 182,000 people, while Target Corporation employs approximately 415,000. Target Corporation has the larger workforce at 415,000 employees, compared to Hilton Worldwide Holdings Inc.'s 182,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Hilton Worldwide Holdings Inc. and Target Corporation headquartered?
Both Hilton Worldwide Holdings Inc. and Target Corporation are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Hilton Worldwide Holdings Inc. and Target Corporation?
Hilton Worldwide Holdings Inc. was founded by Conrad Nicholson Hilton. Target Corporation was founded by George Dayton.
Which company has a longer operating history — Hilton Worldwide Holdings Inc. or Target Corporation?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. Hilton Worldwide Holdings Inc. has been in operation for around 107 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Hilton vs Target overview