Blackstone nabs Host Hotels CEO to take Hilton's helm

10/29/2007 | Wall Street Journal, The

The Blackstone Group LP has gotten Host Hotels & Resorts Inc. CEO Christopher Nassetta to take over as leader of its recently acquired Hilton Hotels Corp., the private equity firm announced today. The announcement eases concerns of Blackstone dividing up Hilton's assets, and Nassetta confirmed that if that was the plan, he wouldn't have taken the position.

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