News Summary
Lori Hyland has become the sole owner of Hilton & Hyland after acquiring Richard Hilton’s stake. Amid leadership changes, Steve Katz is appointed as managing director to propel the firm’s growth. Hyland focuses on innovative strategies, a speaker series, and her contributions to the arts, all while preserving the company’s legacy in luxury real estate.
Beverly Hills, CA – Lori Hyland has become the sole owner of Hilton & Hyland, a prestigious luxury residential brokerage firm, following her acquisition of Richard Hilton’s stake in the company in December 2022. This transition comes in the wake of the passing of her husband, Jeffrey Hyland, in February 2022, and amid significant changes within the firm, including the departure of several high-profile agents such as Drew Fenton and Linda May, as well as a noticeable decline in sales volume.
With this new leadership structure, Steve Katz has been appointed as the new managing director, succeeding Billy Jack Carter. Katz previously held the role of primary services manager for Sotheby’s in Los Angeles through Anywhere Integrated Services and has extensive experience, having spent over two decades in management at Coldwell Banker Realty. His role will encompass overseeing daily operations and strategizing for future growth, with a strong focus on agent recruitment, retention, and development, equipping them with advanced tools and strategies to thrive in a competitive market.
Hyland, who has a rich background as a fine artist and writer, has expressed her enthusiasm for Katz’s leadership abilities and his deep understanding of luxury real estate. She emphasizes the importance of innovative strategies and tools to support agents in achieving success while maintaining Hilton & Hyland’s established reputation.
Additionally, Lori Hyland has initiated a speaker series called ‘Legends,’ aimed at showcasing various artists, along with a curated art exhibition in the Hilton & Hyland office. These efforts underscore her belief in the fusion of arts and business as essential components of modern leadership, and her determination to keep the firm both contemporary and connected to its legacy.
Since taking over, Hyland has also made significant contributions to the literary world, including a collaborative project with Rizzoli New York on a special edition of her late husband’s book, “The Legendary Estates of Beverly Hills.” She has also participated in a publication commemorating the 100th anniversary of Bel Air and will feature her artwork in an upcoming book.
With a foundation in the arts, where she specialized in large abstract paintings, Hyland holds a degree from the University of Southern California and pursued postgraduate studies at Pratt Institute in New York. Her creative background, coupled with her expertise in managing a family-run business, she believes positions her well to navigate the complexities of the luxury real estate market.
Hyland’s leadership has already been recognized through her inclusion on the LA500 list for three consecutive years, highlighting her influence within the business community. She recognizes that the challenge ahead involves preserving the family legacy while adapting to the changing landscape of the real estate industry, ensuring that Hilton & Hyland continues to serve the Beverly Hills community with distinction.
As she moves forward, Lori Hyland envisions strengthening the firm’s respect and status in luxury real estate and fostering an environment that nurtures both artistic expression and business acumen within the workplace. In doing so, she hopes Hilton & Hyland will not only maintain its esteemed legacy but also emerge as a modern leader in the high-end property market.
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Additional Resources
- LA Business Journal: Lori Hyland
- Inman: Hilton & Hyland Brings on Steve Katz
- LA Business Journal: Legacy Protector Lori Hyland
- Hollywood Reporter: Rick Hilton Leaves Hilton & Hyland
- Beverly Hills Courier: Lori Hyland Becomes Sole Owner
- Google Search: Lori Hyland Hilton Hyland
