Matthew Sparks Appointed as Chief Investment Officer of Park Hotels & Resorts
November 16 2016 - 3:00PM
Business Wire
Hilton Worldwide Holdings, Inc. (NYSE: HLT) (“Hilton”) announced
today that Matthew Sparks has been appointed executive vice
president and chief investment officer of Park Hotels & Resorts
(“Park”), the planned real estate investment trust that will be
separated from Hilton around year-end.
Sparks will oversee Park’s investment and acquisition strategy.
His appointment as chief investment officer will be effective upon
completion of the spin-off, and he will report to Thomas J.
Baltimore, Jr., president and chief executive officer (CEO), Park
Hotels and Resorts.
“Matt is a great addition to the Park leadership team, and I am
confident that his extensive acquisition and development experience
will prove invaluable to our long-term success,” said Thomas J.
Baltimore, Jr., president and CEO, Park Hotels & Resorts.
For the last five years, Sparks has served as Hilton’s senior
vice president, luxury & corporate development, where he
managed the company’s full service, corporate and luxury/lifestyle
brand growth & development in North America. Most notably,
Sparks led the team that completed the sale of the Waldorf Astoria
New York to Anbang Insurance Group Co. Ltd. in 2015, and the
subsequent purchase of six landmark hotels as part of a
tax-deferred exchange.
Prior to Hilton, Sparks served as senior vice president of
acquisitions at Sage Hospitality Resources. He has held senior
development positions at Fairmont Raffles Hotels International,
Wyndham Worldwide and Starwood Hotels & Resorts Worldwide. A
graduate of Michigan State University’s School of Hospitality
Business, Sparks currently serves on the university’s Alumni Board
of Directors.
Upon completion of the spin-off, 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 more than 35,000 rooms located in prime
U.S. and international markets with high barriers to entry.
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 Contacts:Christian CharnauxInvestor
Contact1-703-883-5205christian.charnaux@hilton.comorNigel
GlennieMedia Contact1-415-298-4424nigel.glennie@hilton.comorPark
Hotels & Resorts Contact:Ian WeissmanInvestor
Contact1-703-584-7441iweissman@pkhotelsandresorts.com
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