Exhibit 21 HILTON HOTELS CORPORATION SUBSIDIARIES, JOINT VENTURES AND AFFILIATES A. WHOLLY OWNED SUBSIDIARIES State or Country Name of Incorporation ---- ---------------- Bally's Grand Property Sub I, Inc. (1) Nevada Capital Hilton, L.L.C. (8) New York Compass Computer Services, Inc. Delaware Conrad International (Belgium) Corporation (4) Nevada Conrad International (Cairo) Corporation (4) Nevada Conrad International Corporation (3) Nevada Conrad International (Egypt) Corporation (2) (4) Nevada Conrad International (Indonesia) Corporation (2) (4) Nevada Conrad International (Spain) Corporation (2) (4) Nevada Conrad International (Thailand) Corporation (2) (4) Nevada Conrad International (Thailand) Limited (4) Thailand Conrad International Hotels (HK) Ltd. (4) Hong Kong Conrad International Hotels Limited (2) (4) Ireland Conrad International Investment (Jakarta) Corporation (4) Nevada Conrad International Management Services (Singapore) Pte Ltd (4) Singapore Conrad International Services (12) Belgium Destination Resorts, Inc. Arizona DFW Bevco, Inc. (10) Texas DFW Hilton, Inc. Nevada Grand Vacations Realty, Inc. (6) Delaware Hapeville Investors, Inc. Delaware Hilton Charlotte, Inc. Nevada Hilton Chicago Corporation Nevada Hilton Dallas, Inc. (11) Nevada Hilton D.C. Corporation Nevada Hilton Employee Relief Fund California Hilton Equipment Corporation Delaware Hilton Finance Corporation Nevada Hilton Fort Worth, Inc. Nevada Hilton Grand Vacations Development Company-Las Vegas, LLC Nevada Hilton Grand Vacations Exchange Company (6) Delaware Hilton Hawaii Corporation Delaware Hilton Holdings, Inc. Nevada Hilton Hotels Partners I, Inc. Delaware Hilton Hotels Partners II, Inc. Delaware Hilton Hotels U.S.A., Inc. Delaware Hilton Illinois Corp. (7) Nevada Hilton Illinois Holdings, Inc. Delaware Hilton Inns, Inc. Delaware Hilton Insurance Corporation Vermont 1 A. WHOLLY OWNED SUBSIDIARIES (CONTINUED) State or Country Name of Incorporation ---- ---------------- Hilton Kansas City Corporation Missouri Hilton New Jersey Corporation New Jersey Hilton New York Corporation Nevada Hilton Pennsylvania Hotel Corporation Delaware Hilton Recreation, Inc. Delaware Hilton Resorts Corporation Delaware Hilton San Diego Corporation California Hilton San Francisco Corporation Nevada Hilton Suites, Inc. Delaware Hilton Systems, Inc. Nevada Hilton Texas, Inc. Nevada Hilton Washington Corporation New York HKC Advertising, Inc. (5) Missouri HKC Partners, Inc. Missouri HLT Corporation Delaware Hotels Statler Company, Inc. Delaware Kenner Investors, Inc. Delaware Rye Hilton, L.L.C. (9) New York 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 (2) Illinois Washington Hilton, L.L.C. (8) New York - - -------------------------------------------------------------------------------- (1) Inactive. (2) Nameholding company. (3) Wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (4) Wholly owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (5) Wholly owned by Hilton Kansas City Corporation, which is wholly owned by Hilton Hotels Corporation. (6) Wholly owned by Hilton Grand Vacations Company, a joint venture which is 50% owned by Hilton Hotels Corporation and 50% owned by Hilton Resorts Corporation. (7) Wholly owned by Hilton Illinois Holdings, Inc., which is wholly owned by Hilton Hotels Corporation. (8) 50.05% owned by Hilton Hotels Corporation, and 49.95% owned by Hilton D.C. Corporation, which is wholly owned by Hilton Hotels Corporation. (9) 50.05% owned by Hilton Hotels Corporation, and 49.95% owned by Hilton New York Corporation, which is wholly owned by Hilton Hotels Corporation. 2 A. WHOLLY OWNED SUBSIDIARIES (CONTINUED) (10) Wholly owned by Hilton Dallas, Inc., which is wholly owned by Hilton Fort Worth, Inc., which is wholly owned by Hilton Hotels Corporation. (11) Wholly owned by Hilton Fort Worth, Inc., which is wholly owned by Hilton Hotels Corporation. (12) .04% (four-one-hundredths of one percent) owned by Hilton Hotels Corporation, and 99.96% owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. 3 B. PARTIALLY OWNED SUBSIDIARIES % State or Country Name Ownership of Incorporation ---- --------- ---------------- 349 West 53rd Street Realty Corp. (1)(13) See (13) below. New York Earlsfort Centre Hotel Proprietors Limited (2) 14.7 Ireland HHC/PTC, LLC (3) 75 Delaware HHV Holdings LLC (4) See (4) below. Nevada HHV Holdings II LLC (4) See (4) below. Nevada Hilton Hawaiian Village LLC (5) 50 Hawaii Hilton HHonors Worldwide, L.L.C. (6) 50 Delaware Hilton Marketing Worldwide, L.L.C. (6) 50 Delaware Hilton Reservations Worldwide, L.L.C. (6) 50 Delaware International Company for Touristic Investments, S.A.E. (7) 10 Egypt MeriTex, LLC (8) See (8) below. Delaware Oakbrook Hilton Suites and Garden Inn LLC (9) 50 Illinois On Command Corporation 8.5 Delaware P.T. Jakarta International Artha (10) 10 Indonesia Windsor Casino Financial Limited (11) 50 Ontario, Canada Windsor Casino Limited (11) 50 Ontario, Canada Windsor Casino Supplies Limited (11) 50 Ontario, Canada Yeditepe Beynelmilel Otelcilik 25 Turkey Turizm Ve Ticaret, A.S. ("Seven Hills International Hotels, Tourism and Trade, A.S.") (12) - - ----------------------------------------------------------------------------------------------- 4 B. PARTIALLY OWNED SUBSIDIARIES (CONTINUED) (1) Inactive corporation. (2) 14.7% owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (3) 75% owned by Destination Resorts, Inc., which is wholly owned by Hilton Hotels Corporation, and 25% owned by Pointe Tapatio Resort Properties No. 1 Limited Partnership. (4) 48% owned by Hilton Hotels Corporation and 2% owned by Hilton Recreation, Inc. The remaining interest is held by The Prudential Insurance Company of America. (5) 100% owned by Hilton Hawaiian Village LLC, which is 48% owned by Hilton Hotels Corporation, 2% owned by Hilton Recreation, Inc., and 50% owned by The Prudential Insurance Company of America. (6) The remaining ownership interest is held by Hilton International Co. (7) 10% owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (8) Hilton Hotels Corporation owns 100% of the issued and outstanding Class B (equity) shares. P & O, Inc. owns 100% of the issued and outstanding Class A (managing) shares. (9) 50% owned by Hilton Suites, Inc., which is wholly owned by Hilton Hotels Corporation, and 50% owned by Martinique-Drury Lane Oakbrook Partnership. This entity was converted from an Illinois partnership to an LLC effective 5/15/98. (10) 10% owned by Conrad International Investment (Jakarta) Corporation, which is wholly owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (11) 50% owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (12) 25% owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (13) Wholly owned by the New York Hilton Joint Venture, which is 50% owned by Hilton Hotels Corporation, 49.5% owned by Hilton New York Corporation, and .5% owned by The Prudential Insurance Company of America. 5 C. JOINT VENTURES % State or Country Name Ownership of Incorporation ---- --------- ---------------- Avenue Louise Hotel Partners S.N.C. (1) 100 Belgium Chicago Hilton Joint Venture (2) 100 Illinois Destination Resort Affiliates (3) 50 Arizona DFW Hilton Hotel Limited Partnership (4) 100 Texas Flamingo Hilton Riverboat Casino, L.P. (5) 100 Missouri Global Resort Partners (6) 13.34 Hawaii Grand Vacations Realty, Limited (7) 100 Florida Grand Vacations Title, Limited (7) 100 Florida Hapeville Hotel Limited Partnership (8) 100 Delaware Hilton Grand Vacations Club (9) 100 Florida Hilton Grand Vacations Company (10) 100 Nevada Hilton Grand Vacations Development Company - Las Vegas (10) 100 Nevada Hilton Grand Vacations Development Company - Orlando (10) 100 Florida International Rivercenter Partnership 67.4 Louisiana Kenner Hotel Limited Partnership (11) 100 Delaware Logan Hilton Joint Venture (12) 100 Massachusetts McLean Hotel Associates Limited Partnership (13) 100 Virginia New Orleans International Hotel 26.33 Louisiana New Orleans Rivercenter 38.75 Louisiana New York Hilton Joint Venture (14) 99.5 New York San Francisco Hilton, L.P. (15) 100 California Tarrytown Hilton Joint Venture (16) 100 New York Valencia Hotel Joint Venture (17) 25 California 6 C. JOINT VENTURES (CONTINUED) - - -------------------------------------------------------------------------------- (1) 50% of this partnership is owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. The remaining 50% is owned by Conrad International (Belgium) Corporation, which is wholly owned by Conrad International Corporation, which is wholly owned by Hilton Hotels U.S.A., Inc., which is wholly owned by Hilton Hotels Corporation. (2) 40.24% owned by Hilton Hotels Corporation, and 59.76% owned by Hilton Chicago Corporation, which is wholly owned by Hilton Hotels Corporation. (3) 50% of this joint venture is owned by Destination Resorts, Inc., which is wholly owned by Hilton Hotels Corporation. (4) 99% owned by DFW Hilton Inc., which is wholly owned by Hilton Hotels Corporation, and 1% owned by Hilton Texas, Inc., which is wholly owned by Hilton Hotels Corporation. (5) 90% of this partnership is owned by Hilton Kansas City Corporation, which is wholly owned by Hilton Hotels Corporation. The remaining 10% is owned by HKC Partners, Inc., which is wholly owned by Hilton Hotels Corporation. (6) 13.34% owned by Hilton Recreation, Inc., which is wholly owned by Hilton Hotels Corporation (7) 99% owned by Hilton Grand Vacations Company, and 1% owned by Grand Vacations Realty, Inc. (8) 1% owned by Hilton Hotels Partners II, Inc. (the general partner), and 99% owned by Hapeville Investors, Inc. (the limited partner.) Both the general and limited partners are wholly owned by Hilton Hotels Corporation. (9) 99% owned by Hilton Grand Vacations Company, and 1% owned by Hilton Grand Vacations Exchange Company. (10) 50% of this joint venture is owned by Hilton Hotels Corporation. The remaining 50% is owned by Hilton Resorts Corporation, which is wholly owned by Hilton Hotels Corporation. (11) 1% owned by Hilton Hotels Partners I, Inc. (the general partner), and 99% owned by Kenner Investors, Inc. (the limited partner.) Both the general and limited partners are wholly owned by Hilton Hotels Corporation. (12) 35% of this joint venture is owned by Hilton Hotels Corporation. The remaining 65% is owned by Hilton Systems, Inc., which is wholly owned by Hilton Hotels Corporation. (13) 7.5% owned by Hilton Hotels Corporation, and 92.5% owned by Kenner Investors, Inc., which is wholly owned by Hilton Hotels Corporation. (14) The remaining ownership interest is held by The Prudential Insurance Company of America. (15) 50.25% owned by Hilton Hotels Corporation, and 49.75% owned by Hilton San Francisco Corporation, which is wholly owned by Hilton Hotels Corporation. (16) 50% of this joint venture is owned by Hilton Hotels Corporation. The remaining 50% is owned by Hilton Systems, Inc., which is wholly owned by Hilton Hotels Corporation. (17) 25% owned by Hilton Inns, Inc., which is wholly owned by Hilton Hotels Corporation. 7 D. AFFILIATES 1. 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 2. The following nonprofit corporation serves as the owner of the health club at the Washington Hilton & Towers. It is owned by the members of that hotel's health club. Hilton Hotels Corporation does not have any direct or indirect ownership interest in this corporation. State of Name of Corporation Incorporation ------------------- ------------- Washington Hilton Racquet Club District of Columbia 8