Barron N. Hilton and Tessa Hilton, co-founders and co-CEOs of Hilton Hilton, have left the firm to join Compass. Their move follows Compass’ recent announcement of a $1.6 billion deal to acquire Anywhere Real Estate, which is expected to close in the second half of next year.
In a joint statement provided to The Real Deal, 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.” They cited Compass’ scale, technology and marketing as key factors in their decision. The Hiltons also thanked their agents, employees and clients.
“As part of this next chapter, we invite our agents to join us at Compass, where they will have access to the tools and platform needed to thrive,” they added.
Hilton Hilton had 12 licensed brokers and salespeople in California as of early Thursday according to Department of Real Estate records. The number of staff joining them at Compass remains unclear.
The couple plan to build a multi-market team based out of Compass’ Beverly Hills office with an additional presence in Palm Beach. They previously operated offices under their own banner in both markets.
They bring with them a listing at 1305 Collingwood Place in Hollywood Hills—a six-bedroom, eight-bath home listed for just under $29 million.
Hilton Hilton was launched by Barron N. Hilton and Tessa Hilton with Rick Hilton—Barron’s father—in March 2023. Rick Hilton confirmed he will continue working independently under the Hilton Hilton name: “I will remain an active independent broker, continuing to serve my long-term clients, a portfolio of some of the world’s most influential individuals and families,” Rick Hilton said in a statement to TRD. “Hilton Hilton was a shared collaborative effort, and I’m incredibly proud of what we built together.”
Rick Hilton previously founded boutique brokerage Hilton & Hyland with Jeff Hyland in 1993. That firm inspired several notable industry figures who now lead major firms in high-end residential real estate.
After its launch last year, Hilton Hilton became involved in litigation when Rick Hilton’s former firm alleged unpaid rent related to subleased space at its previous office location on North Canon Drive.
Recently the firm made headlines for representing Paris Hilton—Barron’s sister—and her husband Carter Reum in their $63.1 million purchase of 71 Beverly Park from Mark Wahlberg’s former residence. In July, Barron N. Hiltion and Tessa represented Scale AI co-founder Lucy Guo on her $29.5 million purchase at 1680 North Doheny Drive.
