Management Team has Deep Industry Experience
and Proven Leadership
Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) today
announced the appointment of additional members of the executive
leadership team of Park Hotels & Resorts Inc. ("Park"), ahead
of the planned separation of the real estate investment trust
(REIT) around year end. Hilton previously announced the appointment
of Thomas J. Baltimore, Jr. as chief executive officer, and Sean M.
Dell’Orto as chief financial officer, of Park.
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Upon completion of the spin-off, expected at or around year end,
Park will be one of the largest lodging real estate companies, with
a diverse portfolio of iconic and market-leading hotels and resorts
with significant underlying real estate value. The portfolio will
consist of 67 premium-branded hotels and resorts with over 35,000
rooms located in prime U.S. and international markets with high
barriers to entry.
“I am thrilled to work with such a talented group of executives
who bring a diverse set of skills and extensive public company
experience to Park,” said Thomas J. Baltimore, Jr., president &
chief executive officer, Park Hotels & Resorts. “I am confident
that we have assembled a superb team to oversee our iconic
portfolio of lodging properties and effectively unlock long-term
value for shareholders following our spin-off from Hilton.”
Thomas J. Baltimore, Jr.Chairman, President and Chief
Executive Officer
Mr. Baltimore will be the chairman, president and chief
executive officer of Park Hotels & Resorts Inc. Mr. Baltimore
most recently served as the president and chief executive officer
of RLJ Lodging Trust and as a member of its board of trustees from
January 2011 to May 2016. Prior to that, Mr. Baltimore co-founded
RLJ Development and served as its president from 2000 to 2011.
Previously, Mr. Baltimore served as vice president of gaming
acquisitions of Hilton Hotels Corporation and later as vice
president of development and finance. Mr. Baltimore also worked
previously in various management positions with Marriott
Corporation and Host Marriott Services Corporation. He serves as a
director of Prudential Financial, Inc. and Duke Realty Corporation.
Mr. Baltimore received his Bachelor of Science degree from the
McIntire School of Commerce, University of Virginia and his Master
of Business Administration degree from the Colgate Darden School of
Business, University of Virginia.
Sean M. Dell’OrtoExecutive Vice President and Chief
Financial Officer
Mr. Dell’Orto will be the executive vice president and chief
financial officer of Park Hotels & Resorts Inc. Mr. Dell’Orto
served most recently as senior vice president, treasurer of Hilton
Worldwide Holdings Inc., and prior to that as vice president,
corporate finance. Mr. Dell’Orto received his Bachelor of Science
degree from University of Virginia and his Master of Business
Administration degree from the Wharton School, University of
Pennsylvania.
Robert D. TanenbaumExecutive Vice President, Asset
Management
Mr. Tanenbaum will be the executive vice president, asset
management at Park Hotels & Resorts Inc. Mr. Tanenbaum most
recently served as the chief operating officer and executive vice
president of asset management at DiamondRock Hospitality Company
from 2013 until September 2016. Prior to his tenure at DiamondRock,
Mr. Tanenbaum served as principal of Madison Hotel Advisors LLC.
Mr. Tanenbaum received his Bachelor of Science degree in Hotel
Restaurant and Institutional Management from Pennsylvania State
University.
W. Guy LindseySenior Vice President, Design and
Construction
Mr. Lindsey will be the senior vice president, design and
construction at Park Hotels & Resorts Inc. Mr. Lindsey spent 13
years at Sunstone Hotel Investors, Inc., serving most recently as
the senior vice president, design and construction from January
2009 until September 2016. Mr. Lindsey received his Bachelor of
Science degree in Building Science from Auburn University.
Thomas. C. MoreySenior Vice President and General
Counsel
Mr. Morey will be the senior vice president and general counsel
of Park Hotels & Resorts Inc. From October 2008 until July
2016, Mr. Morey served as senior vice president and general counsel
of Washington Real Estate Investment Trust. He previously was a
corporate partner with Hogan & Hartson LLP, a multinational law
firm (now known as Hogan Lovells US LLP). Mr. Morey received his
Bachelor of Arts degree from Princeton University and his J.D. from
Duke Law School.
Jill C. OlanderSenior Vice President, Human Resources
Ms. Olander will be the senior vice president, human resources
of Park Hotels & Resorts Inc. Ms. Olander joined Hilton in
2010, having served as vice president and as senior director of
human resources consulting. Prior to that, Ms. Olander served as
vice president of human resources for Allied Capital. Ms. Olander
received her Bachelor of Science degree from Vanderbilt
University.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company,
comprising more than 4,800 managed, franchised, owned and leased
hotels and timeshare properties with nearly 789,000 rooms in 104
countries and territories. For 97 years, Hilton has been dedicated
to continuing its tradition of providing exceptional guest
experiences. The company's portfolio of 13 world-class global
brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels
& Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio
- A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by
Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton,
Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand
Vacations. The company also manages an award-winning customer
loyalty program, Hilton HHonors®. Hilton HHonors members who book
directly through preferred Hilton channels have access to benefits
including an exclusive member discount, free standard Wi-Fi, as
well as digital amenities that are available exclusively through
the industry-leading Hilton HHonors app, where Hilton HHonors
members can check-in, choose their room, and access their room
using a Digital Key. Visit news.hiltonworldwide.com for more
information and connect with Hilton on Facebook, Twitter, YouTube,
Flickr, LinkedIn and Instagram.
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Hilton & Park Contacts:Christian CharnauxInvestor
Contact1-703-883-5205christian.charnaux@hilton.comorNigel
GlennieMedia Contact1-415-298-4424nigel.glennie@hilton.comorIan
WeissmanInvestor Contact –
Park1-703-584-7441iweissman@pkhotelsandresorts.com
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