EXHIBIT 21 SUBSIDIARIES OF HILTON HOTELS CORPORATION State or Country A. Wholly-owned Subsidiaries of Incorporation ------------------------- ---------------- Benco, Inc. (4) Nevada Conrad (Indonesia) Corporation (2) (5) Nevada Conrad International (Egypt) Corporation (2) (5) Nevada Conrad International Hotels Corporation (3) Nevada Conrad International Hotels (HK) Ltd. (5) Hong Kong Conrad International Hotels Limited (2) (6) Ireland Conrad International (Spain) Corporation (2) (5) Nevada Conrad International Investment Corporation (3) Nevada Conrad Royalty Corporation (3) Nevada Conrad (Thailand) Corporation (2) (5) Nevada Destination Resorts, Inc. Arizona Flamingo Hilton Corporation (4) Nevada Flamingo Hilton-Laughlin, Inc. (7) Nevada Flamingo Hilton - Reno, Inc. (4) Nevada Hapeville Investors, Inc. Delaware Hilton Employee Relief Fund California Hilton Equipment Corporation Delaware Hilton Gaming Corporation Nevada Hilton Gaming (Switzerland County) Corporation (4) Nevada Hilton Hawaii Corporation Delaware Hilton Hotels Partners I, Inc. Delaware Hilton Hotels Partners II, Inc. Delaware Hilton Hotels U.S.A., Inc. Delaware Hilton Inns, Inc. Delaware Hilton Insurance Corporation Vermont Hilton Kansas City Corporation (4) Missouri Hilton New Jersey Corporation (2) (4) New Jersey Hilton New Orleans Corporation (4) Louisiana Hilton Pennsylvania Hotel Corporation Delaware Hilton Recreation, Inc. Delaware Hilton Resorts Corporation Delaware Hilton San Diego Corporation California Hilton Suites, Inc. Delaware Hilton Supersports, Inc. (4) Nevada Hilton Systems, Inc. Nevada Hilton Washington Corporation New York HKC Advertising, Inc. (8) Missouri HKC Partners, Inc. (4) Missouri Hotels Statler Company, Inc. Delaware Kenner Investors, Inc. Delaware Las Vegas Hilton Corporation (4) Nevada State or Country A. Wholly-owned Subsidiaries of Incorporation ------------------------- --------------- (Continued) Reno Hilton Resort Corporation (4) Nevada The BAC 1-11 Corporation (4) Nevada The Beverly Hilton Corporation (2) California The Hotel Waldorf-Astoria Corporation (2) New York The New Yorker Hotel Corporation (2) New York The Palmer House Hilton Hotel Company Illinois _______________________________________________________________________________ (1) Inactive corporation. (2) Nameholding companies. (3) Indirect ownership. Wholly-owned by Hilton Hotels U.S.A., Inc., which is wholly-owned by Hilton Hotels Corporation. (4) Indirect ownership. Wholly-owned by Hilton Gaming Corporation, which is wholly-owned by Hilton Hotels Corporation. (5) Indirect ownership. Wholly-owned by Conrad International Hotels Corporation, which is wholly-owned by Hilton Hotels U.S.A., Inc., which is wholly-owned by Hilton Hotels Corporation. (6) Indirect ownership. Wholly-owned by Conrad Royalty Corporation, which is wholly-owned by Hilton Hotels U.S.A., Inc., which is wholly-owned by Hilton Hotels Corporation. (7) Indirect ownership. Wholly-owned by Flamingo Hilton Corporation, which is wholly-owned by Hilton Gaming Corporation, which is wholly-owned by Hilton Hotels Corporation. (8) Indirect ownership. Wholly-owned by Hilton Kansas City Corporation, which is wholly-owned by Hilton Gaming Corporation, which is wholly-owned by Hilton Hotels Corporation. State or % Country of B. Partially-owned Subsidiaries Ownership Incorporation ---------------------------- --------- ------------- Attiki Casinos, H.S.A. 50% Greece Baluma S.A. (3) See (3) below. Uruguay Baluma Holdings S.A. (4) 37.75% The Bahamas Compass Computer Services, Inc. 50% Delaware Earlsfort Centre Hotel Proprietors Limited 14.7% Ireland Grand Vacations Realty, Inc. (1) 50% Delaware Greenroll Limited 30% Hong Kong Hilton Service Corporation 51% Delaware Indiana Ventures LLC (6) 48.5% Nevada International Company for Touristic Investments, S.A.E. 20% Egypt Jupiters Management Limited 66.6% Australia Jupiters Limited 19.9% Australia Pinnacle Gaming Development Corp. (7) 48.5% Colorado Switzerland County Development Corp. (5) 48.5% Nevada Washington Hilton Racquet Club (2) 50% District of Columbia Windsor Casino, Limited 33.3% Ontario, Canada Yeditepe Beynelmilel Otelcilik Turizm Ve Ticaret Anonim Sirketi (Seven Hills International Hotel, Tourism and Trade, A.S.) 25% Turkey (1) This corporation is 50%-owned by Hilton Grand Vacations Company, a joint venture which is 50%-owned by Hilton Resorts Corporation, which is a wholly-owned subsidiary of Hilton Hotels Corporation. (2) This non-profit corporation is 50%-owned by Hilton Washington Corporation, which is a wholly-owned subsidiary of Hilton Hotels Corporation. (3) This corporation is 99.9%-owned by Baluma Holdings S.A., a Bahamas corporation [see (4) below.] The remaining .1% is owned by Conrad International Hotels Corporation, which is a wholly-owned subsidiary of Hilton Hotels U.S.A., Inc., which is a wholly-owned subsidiary of Hilton Hotels Corporation. (4) This corporation is 37.75%-owned by Conrad International Hotels Corporation, which is a wholly-owned subsidiary of Hilton Hotels U.S.A., Inc., which is a wholly-owned subsidiary of Hilton Hotels Corporation. (5) Formerly named Conrad (New Zealand) Corporation. This corporation is a wholly-owned subsidiary of Indiana Ventures LLC, which is 48.5%-owned by Hilton Gaming (Switzerland County) Corporation, which is a wholly- owned subsidiary of Hilton Gaming Corporation, which is a wholly-owned subsidiary of Hilton Hotels Corporation. (6) This limited-liability company is 48.5%-owned by Hilton Gaming (Switzerland County) Corporation, which is a wholly-owned subsidiary of Hilton Gaming Corporation, which is a wholly-owned subsidiary of Hilton Hotels Corporation. (7) This corporation is a wholly-owned subsidiary of Switzerland County Development Corp., which is a wholly-owned subsidiary of Indiana Ventures LLC, which is 48.5%-owned by Hilton Gaming (Switzerland County) Corporation, which is a wholly-owned subsidiary of Hilton Gaming Corporation, which is a wholly-owned subsidiary of Hilton Hotels Corporation. C. AFFILIATES The following are special purpose corporations formed in connection with the operation of beverage service at particular hotels. Hilton Hotels Corporation does not directly or indirectly own any of the shares of these corporations. State of Name of Corporation Incorporation ------------------- ------------- Hilton Beverage Corporation Louisiana New Orleans Hilton Beverage Corporation Louisiana