Hilton Co-CEOs Barron and Tess Hilton Ditch Real Estate Empire for Compass in Beverly Hills and Palm Beach

The Hilton name has long been synonymous with luxury real estate, but now it seems that the famous family is making a big change. Power couple Barron N. Hilton and Tessa Hilton, co-founders and co-CEOs of Hilton Hilton, have abruptly left their namesake firm to set up shop under the Compass banner in Beverly Hills and Palm Beach. This news comes fresh off the announcement that Compass is acquiring Anywhere Real Estate for a whopping $1.6 billion.

In a statement, Barron and Tess Hilton explained their decision to join Compass, saying, "We are making a strategic move to Compass to not only position ourselves, but most importantly, our clients, for long-term success in an increasingly competitive market."

While the couple did not explicitly state the reason for their departure, it's clear that they see Compass as a better opportunity for their business and clients. The move also suggests that the Hiltons may have been feeling the pressure of an increasingly competitive real estate market.

The news of the couple's move to Compass comes as a surprise to many, as they have been the faces of Hilton Hilton for years. The firm, which specializes in high-end properties, has built a strong reputation in the industry. However, as the market continues to evolve, it seems that the Hiltons are adapting and making a smart business move.

With their new move, Barron and Tess Hilton will bring their extensive knowledge and experience to Compass, further solidifying the company's position as a major player in the luxury real estate market. And with the acquisition of Anywhere Real Estate, Compass is poised for even greater success.