Conrad Hilton bought his first hotel, the Mobley Hotel in Texas, in 1919 and within the next year, he had earned back his investment, by renovating the hotel and making it more efficient. With his profits, Hilton bought another hotel in Ft. Worth and another in Dallas. By 1925, Hilton had made enough profit to build his first hotel. Although the depression took a toll on Hilton's hotel business, he recovered and by 1937, he was back in the hotel business, buying various hotels along the West Coast. In 1946, Hilton created the Hilton Hotels Corporation and by 1947 it became the first hotel company listed on the New York Stock Exchange. In 1948, with the opening of his hotel in Madrid, Hilton founded the Hilton Hotels International company. By the time of his death, Conrad Hilton owned 185 domestic US hotels and 75 international hotels. Since then, the Hilton corporation has continued to grow and now owns more than 500 hotels worldwide.
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