Blackstone Group's acquisition of Hilton Worldwide four years ago and its continuous investments into the firm have contributed to Hilton's tremendous growth, which includes opening 170 hotels in 2011, said Christopher Nassetta, CEO of Hilton Worldwide. "Hilton was a good company that had the potential to be a great company. Blackstone unleashed the ability for us to do that by helping us by investing significantly in the business and being an incredible partner in setting the strategic direction of the business," Nassetta said.

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