Hilton & Hyland Brokerage Ownership Changes

Lori Hyland, wife of the company's late co-founder Jeff Hyland, is taking 100 percent ownership of the luxury firm, which did $4 billion in sales in 2021.

The venerable Beverly Hills real estate brokerage of Hilton & Hyland has new ownership, with co-founder and chairman Rick Hilton and his son, Barron Hilton, exiting the company.

In a formal announcement, Hilton & Hyland revealed that Lori Hyland is taking 100 percent ownership of the firm. A fine artist, she is the wife of the late Jeff Hyland, who co-founded Hilton & Hyland in 1993 with Rick Hilton. Jeff Hyland — also an architectural historian who authored the book Legendary Estates of Beverly Hills — died in February from cancer.

“Beverly Hills is the only inlet city of the major luxury markets, yet, people come from all over the globe to build legendary estates here and add to its extensive history. It is such an honor to be centered in this treasured community, and I am deeply excited for what’s ahead as Hilton & Hyland continues to serve it,” said Lori Hyland in a statement.”

Hilton & Hyland said that it did $4 billion in sales in 2021. Earlier this year, its agent Stuart Vetterick co-represented Fashion Nova CEO Richard Saghian in his $141 million purchase of The One megamansion in Bel Air, while the brokerage’s David Kramer recently represented Formula 1 heiress Petra Ecclestone in the sale of a $37 million Brentwood home to Los Angeles Laker Russell Westbrook. The firm has also announced that its former EVP and general manager Billy Jack Carter has returned to Hilton & Hyland to serve as its CEO and broker of record.

As Seen In | The Hollywood Reporter
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