Hilton Worldwide names top executives for spinoff
Hilton Worldwide announced that Thomas J. Baltimore Jr. will become president and CEO of the hotel chain’s spinoff of its real estate business.
Hilton announced in February that it would spin off its real estate and timeshare companies to create three independent companies.
Hilton also has named Sean M. Dell’Orto chief financial officer of the planned real estate investment trust (REIT).
Baltimore will report to Hilton Worldwide CEO Christopher Nassetta. Dell’Orto will continue to serve as senior vice president and treasurer of Hilton Worldwide.
Baltimore most recently was president and CEO of RLJ Lodging Trust, a publicly traded REIT he co-founded. Before that, Prior held vice president positions with Hilton. He also was vice president of business development for Host Marriott Services and worked for Marriott Corp. in various positions.
Dell’Orto joined Hilton in 2010. He previously was senior vice president and CFO of Barcelo Crestline Highland Hospitality Corp., a publicly traded REIT.