1 EXHIBIT 21 SUBSIDIARIES OF HILTON HOTELS CORPORATION State or Country A. Wholly-owned Subsidiaries of Incorporation ------------------------- ---------------- BAC 1-11 Corporation Nevada Benco, Inc. Nevada Conrad (Indonesia) 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 Investment Corporation (3) Nevada Conrad (New Zealand) Corporation (5) 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 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 Michigan City Corporation (4) Indiana Hilton New Jersey Corporation (2) New Jersey Hilton New Orleans Corporation (4) Louisiana Hilton Pennsylvania Hotel Corporation Delaware Hilton Recreation, Inc. Delaware Hilton Resorts Corporation Delaware Hilton RPS, Inc. Illinois Hilton San Diego Corporation California Hilton Suites, Inc. Delaware Hilton Supersports, Inc. (4) Nevada Hilton Systems, Inc. Nevada Hilton Washington Corporation New York Hotels Statler Company, Inc. Delaware Kenner Investors, Inc. Delaware Las Vegas Hilton Corporation (4) Nevada 2 State or Country of A. Wholly-owned Subsidiaries Incorporation ------------------------- ------------- (Continued) Lebanco, Inc. (1) Nevada Main & Holcombe Corporation Texas Reno Hilton Resort Corporation (4) Nevada Stevens Hotel Corporation (2) Illinois 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) Indirect ownership. Wholly-owned by Benco, Inc., which is wholly-owned by Hilton Hotels 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. 2 3 State or % Country of B. Partially-owned Subsidiaries Ownership Incorporation ---------------------------- --------- ------------- Attiki Casinos, H.S.A. 50% Greece Baluma Holdings S.A. 36.9% The Bahamas Casino Investments Limited 50% New Zealand Compass Computer Services, Inc. 50% Delaware Earlsfort Centre Hotel Proprietors Limited 14.7% Ireland Grand Vacations Realty, Inc. 50% Delaware Greenroll Limited 30% Hong Kong Hilton Service Corporation 51% Delaware International Company for Touristic Investments, S.A.E. 20% Egypt Jupiters Management Limited 66.6% Australia Jupiters Limited 19.9% Australia 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 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 own the shares of these corporations. State of Name of Corporation Incorporation ------------------- ------------- Hilton Beverage Corporation Louisiana New Orleans Hilton Beverage Corporation Louisiana D. Wholly-owned Partnerships ------------------------- CONRAD INTERNATIONAL (BRUSSELS) S.N.C. This Belgium general partnership was converted from a Belgium corporation [CONRAD INTERNATIONAL (BRUSSELS) SA/NV] effective January 1, 1994. The partners are CONRAD INTERNATIONAL HOTELS CORPORATION (50% ownership interest) and CONRAD INTERNATIONAL INVESTMENT CORPORATION (50% ownership interest). Both partners are wholly-owned subsidiaries of Hilton Hotels U.S.A., Inc., which is wholly-owned by Hilton Hotels Corporation. 3