Hilton Hotels Corp. reported solid second quarter numbers boosted by higher demand in most major markets as well as a 16 percent boost in management and franchise fees.

Hilton’s second quarter net income was $165 million (40 cents per share), a 15 percent hike from $144 million (35 cents) in the same period a year earlier. The earnings beat analysts’ expectations of 33 cents per share, according to a poll conducted by Thomson Financial.

Revenue for the Beverly Hills-based hotel owner and operator also climbed 4 percent to $2.1 billion, a little ahead of Wall Street’s forecast of $2.07 billion.

Hilton also withdrew its previous full-year outlook and said it is not issuing new guidance due to its pending $26 billion acquisition, announced in early July, by private equity firm the Blackstone Group.

Shares in Hilton rose 17 cents to $44.70 in afternoon trading Tuesday on the New York Stock Exchange.