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Transcorp Hilton – A Chain of Gold

Transcorp Hilton – A Chain of Gold

Conrad Hilton is the worlds best known innkeeper. Through spectacular rise from being the proprietor of the Mobley Hotel in Cisco Texas ”a petroleum boom town he became the world statesman of international hospitality. Conrad Hilton relocated to Cisco Texas from San Antonio shortly after his service in the U.S Army.

He had intended to buy a bank and cater to the rapidly emerging oil establishments in Texas during the period known as The Gusher Age, a time of dramatic economic growth in the U.S. State of Texas following the discovery of a large petroleum reserve in the area. The bank he had hoped to purchase cost too much. He was having a drink in a bar when a property owner mentioned a property that was available for sale. Hilton quickly struck a deal and mobilized an investment group. Funds were transferred within a week and the Mobley, in Cisco (now a local museum and community center) became Hiltons first hotel in 1919. In a few weeks Conrad Hilton is in good business.

Hilton bought two more Texas properties in 1920; the Melba in Fort Worthm and the Waldorf in Dallas named after the prized Waldorf Astoria Hotel in New York.  In 1925 Conrad Hilton built the first hotel to carry his name in Dallas. And with rapid expansions, Hilton consolidated his properties into Hilton Hotels in 1929. In November 1930, the El Paso Hilton was completed and opened. A year later, Hilton owned eight hotels. Read more

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