Hilton Hilton Co-CEOs Barron and Tessa Hilton Leave for Compass, Joining Forces with Anywhere Real Estate
Hilton Hilton co-founders and co-CEOs Barron N. Hilton and Tessa Hilton make a calculated move to Compass, aligning with Anywhere Real Estate in a competitive market.
The real estate world was rocked today as Barron and Tessa Hilton, co-founders and co-CEOs of Hilton Hilton, announced their departure from the company to join Compass. This news comes on the heels of Compass' $1.6 billion acquisition of Anywhere Real Estate, in which the Hiltons will now be a part of.
In a statement, Barron and Tessa Hilton said, "We are making a strategic move to Compass to position not only ourselves, but most importantly, our clients for long-term success in an increasingly competitive market."
This sudden shift to Compass has raised eyebrows in the industry, as the Hiltons have been at the helm of their own successful real estate firm for years. But with Compass' recent expansion and acquisition of Anywhere Real Estate, it seems the Hiltons saw an opportunity for growth and jumped on it.
While some may see this as a smart business move, others are questioning the true motivations behind the Hiltons' decision. As one industry insider remarked, "It's no secret that Compass has been aggressively expanding and acquiring smaller firms. It's possible that the Hiltons saw the writing on the wall and decided to join forces rather than be swallowed up by the competition."
The timing of this move is also suspect, as it comes just days after the Hiltons announced a new project in Beverly Hills and Palm Beach. Some are questioning whether this partnership with Compass was already in the works or if the Hiltons are simply jumping ship to avoid any conflicts of interest.
Regardless of the reasons behind the