NEW YORK (TheStreet) -- Hilton Worldwide Holdings (HLT) shares closed Monday's trading session up 0.95% to $22.28 after the hospitality company on Friday announced the opening of its flagship hotel in China.
The Hampton by Hilton Guangzhou Zhujiang New Town is located in the Tianhe District, Guangdong Province in China, and is managed by Huanpeng Hotel ManagementLtd.
"China is the 20th country that Hampton has entered, and for the city of Guangzhou, it is not only a strategic city and the 'south gate' of China, but is also the center of politics, economy, science, education and culture of Guangdong Province and the Pearl River Delta," the company said.
This comes after the company early last week said it will add more hotels in China than anywhere else in Asia due to growing domestic and international visitors. It's looking to open a total of 206 hotels in China in the coming years, Bloomberg noted.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C-.
The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: HLT