There is a gargantuan growth opportunity. Hilton CEO says it took "conviction", "discipline", and "focus" to turn around the legendary hotel chain. Nassetta’s expansion programme is not as big a risk as the numbers make it sound. €5 every 4 weeks or just €50 €20 for the first year, €7 every 4 weeks or just €70 €30 for the first year. Favourite book: The Boys In The Boat, by Daniel James Brown. Boston Consulting Group interview with Hilton Worldwide's President and CEO Chris Nassetta on his work to create a company transformation. Nassetta has signed dozens of deals to open hotels, starting in Kenya, South Africa, Nigeria, Uganda, Ghana, Rwanda, Congo, Zambia, Malawi and Botswana. He joined Host Hotels Resorts, Inc. in 1995 as Executive Vice President and was elected Chief Operating Officer in 1997. Father. The man responsible for Hilton's grand turnaround by SCOTT MAYEROWITZ, Associated Press - 30 July 2014 03:02-04:00 McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, th “They get this.”. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels & Resorts, Inc., a position he held since 2000. He currently lives in his hometown of Arlington, Virginia, with his wife. My development team are crapping their pants.”. Homes: Arlington and Davidsonville, Maryland Of this total $1,291,346 was received as a salary, $2,397,525 was received as a bonus, $4,312,483 was received in stock options, $12,937,424 was awarded as stock and $435,343 came from other types of compensation. They have six daughters This mzungu (white man) is going to have to get used to throwing Masai shapes because he is going to be spending more time in Africa. At home, he cooks for family and friends. “We need to work with governments to make sure that safety and security become a reality and then market Africa aggressively,” he says. The Stinger Report: Driving Trends Reshaping the Market | #1053 Report Skinny In The Stinger Report #1051 – This issue covers in detail: A... Interview: Hilton boss Chris Nassetta joins the scramble for Africa, Sheffield: mixed-use development plans for ex-showroom include retail/leisure, Valuations must eventually reflect remarkable surge in leisure property, Kent’s ‘answer to Disneyland’ plans new fundraising round, Staycation boom predicted for summer 2021 as Brits opt for UK holidays, ‘Overwhelming support’ for hospitality sector in parliament debate, Covid pandemic fuelling growth of film and TV studios in UK, Stinger Report examines latest in OOH and immersive entertainment, Declining UK high street footfall remains above first lockdown levels, Boyle and McQueen call on government to support UK cinema chains, Cinemark shares hit 7-Month High after analyst predicts “Return To Normalcy” for cinemas, Why the future of cinemas may be brighter than it looks, Interactive, out-of-home entertainment news and views: the immersive frontier and beyond. School: Yorktown High, Arlington, Virginia When Blackstone bought Hilton and took it private in 2007 — a deal that was 80% leveraged — Blackstone’s boss, Stephen Schwarzman, asked him to be chief executive. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. The company is doing one new hotel deal on average every day under its brands, including Conrad and Waldorf Astoria. “A story of grit, determination and winning against all odds” “Our strategy is asset-light,” he says. We rely on readers like you to uphold a free press. We’re only just getting started,” he says, after taking off his Masai robes and sitting down to talk. (Very) frequent traveler dedicated to leading the world’s most hospitable company. Emmanuel Faber. Proud UVA alum. But Nassetta says his decision to forgo the standard daily housekeeping tip has more to do with his respect for everyone working behind the scenes at hotels. “Lots of plunging,” he frowns. He increased the number of Hilton hotel rooms by 72%. During the 41st Annual NYU International Hospitality Industry Investment Conference, The New York Times columnist and CNBC co-anchor Andrew Ross Sorkin asked Nassetta how much he would be leaving for housekeeping. "It's … Hilton is mainly franchising hotels or managing them, taking fees and a cut of the revenue. Status: married to Paige, “my childhood sweetheart”. In 1991, he founded his own private equity firm, Bailey Capital, where he engineered hotel deals, before being headhunted in 1995 by Host Hotels — the largest public owner of hotel real estate in the world — and taking over as chief executive two years later. But, oh Paige, if you could see Chris now. “We’re talking thousands of hotels. Her husband is not so keen. Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. It is also deliberately mid-range. Christopher has made over 10 trades of the Hilton Worldwide Inc stock since 2006, according to the Form 4 filled with the SEC. “It’s Chris’s view that every Hilton Team Member works hard,” a Hilton spokesperson told TPG. (Very) frequent traveler dedicated to leading the world’s most hospitable company. He joined the company in 2007. As a student at the University of Virginia, Chris Nassetta spent his summers working in hotels – cleaning, carrying bags and even plunging toilets. Date of birth: September 23, 1962 By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Many of the hotels Nassetta will soon dance into will be cheap and cheerful(ish) Hilton Garden Inn properties, where a room for the night costs about £100. Nassetta is learning from the mistakes of others. (Very) frequent traveler dedicated to leading the world’s most hospitable company. In the lobby of the Garden Inn at Jomo Kenyatta airport, there is a convenience store that sells snacks and drinks I can keep in my minibar fridge, which is left empty for the purpose. Hilton Worldwide CEO Chris Nassetta paid $825,000 for a house on 30th Street North in Arlington. Film: Caddyshack In for a shilling, in for a naira. Nassetta: ‘A balanced guy’ who lives near his family - The Washington Post. John Giacalone, former executive assistant director for the National Security Branch of the FBI, begged him not to plan a trip to Lagos, Nigeria’s commercial capital, after stopping off in Nairobi. Fabrizio Freda. David Holl. Last holiday: Croatia, Working day Pay: $10.8m (£8.3m) last year Car: a 2007 Lexus LS400 sedan. As he read the email—a private equity firm had purchased a hotel chain—he had a feeling the news was going to affect not just his job, but his life. Leading hotel chains have largely shunned Africa as too poor, too dangerous and too downright difficult to bother with. Father. The working age population will increase to overtake China and India. Engineering was a euphemism for plunging loos. But, oh Paige, if you could see Chris now. He’s rushing because the world is on the move — “It’s a golden age of travel” — and Hilton wants to capitalise on it. Husband. Husband. Christopher J Nassetta is President/CEO at Hilton Worldwide Holdings Inc. See Christopher J Nassetta's compensation, career history, education, & memberships. Governments across the continent are playing their part, encouraging inward investment by cutting taxes and enabling businesses to repatriate 100% of the capital they put in. Whitepages people search is the most trusted directory. He’s fresh off the plane at Jomo Kenyatta airport, dancing his way into the Hilton in downtown Nairobi, wearing traditional red Masai robes over his navy suit and carrying a rungu club, a symbol of a Masai king. Chris Nassetta’s wife, Paige, likes dancing. Directors behind a £2.5bn theme park dubbed “the UK’s answer to Disneyland” are hoping to tap... Staycations are expected to boom in popularity after a bumper 2020 season. The largest trade he's ever made was selling 500,000 units of Hilton Worldwide Inc stock on 25 July 2006 worth over $11,195,000. 15 talking about this. A lot more. University: Virginia, studying finance Chris Nassetta (Photo by Robert Merhaut) Arlington native Chris Nassetta checked his phone as he got off his boat after a 2007 Fourth of July outing with his daughters on the Chesapeake Bay. Hilton, which he heads, is doubling its number of hotels on the continent from about 50 to 100 in the next five years — and then doubling the total every five years thereafter for two to three decades. As President & Chief Executive Officer at HILTON WORLDWIDE HOLDINGS, Christopher J. Nassetta made $21,374,121 in total compensation. Christopher J. Nassetta is President and Chief Executive Officer for Hilton. But, oh Paige, if you could see Chris now. He joined the company in 2007. When Hilton CEO Chris Nassetta took over in 2007, the company was lagging--and now it's the largest hotelier in the world. Her husband is not so keen. Nassetta has to visit the new 109-room Hilton DoubleTree Nairobi Hurlingham, host a dinner for investors who have travelled from as far away as Windhoek, the Namibian capital, to meet him, before catching a flight to open his next new hotel in Africa, and Hilton’s first in Nigeria for 30 years: a Curio branded property at Lagos airport. Father. I think they’re inspired by that. Vital statistics “Blackstone was the jolt of energy we needed.” But his timing was lousy. Taking time away to be with my wife and daughters is one of the most important things to me, so I’m thrilled to join Project: Time Off in … First job: cleaning toilets in a Holiday Inn in Washington DC He never goes to sleep until he has answered every email he’s received that day. View phone numbers, addresses, public records, background check reports and possible arrest records for Christopher Nassetta. My wife hates the breakfast buffet, but a lot of people do do love the breakfast buffet. President & CEO of Hilton. The economic and demographic trends are on Nassetta’s side, but terrorism, political unrest and epidemics are never far from the surface. Probably not, but its CEO, Chris Nassetta, recently added to his residentials holdings in the Yorktown neighborhood. John Sullivan founded OzSeeker in Australia, 1987, and has carried the name through his various global activities, largely focused on cinema-anchored leisure property development. “Africa is like Asia was 20 years ago. Four years later, Mr Nassetta returned the company to the public markets at a valuation of $2.4bn. Thirty-three years after graduating from UVA, he is still working in the same industry – as the CEO of Hilton “I like to joke that my career started in the toilet,” Nassetta said, laughing. Chris Nassetta is on the road 75% of the time, “touring hotels, opening hotels, meeting team members, seeing investors and ministers”. “It’s a matter of respect.”. “Africa will enjoy the most rapid rate of urbanisation of any continent over the next 20 years. The new European data protection law requires us to inform you of the following before you use our website: We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. He is allowing himself a bit of bling, though. He wakes up naturally at 4am-4.30am wherever he is in the world. Because it did. View Gallery. Most recently he sold 406 units of HLT stock worth $231,822 on 25 October 2019.. A proud graduate of the University of Virginia McIntire School of Commerce, Nassetta holds a degree in finance and currently serves on the school’s advisory board. “On Saturday night we have 30-40 people over. The OzSeeker blog aims to source news material related to leisure property development, while offering a platform for opinion pieces from professionals in related fields. Just down the road from the existing Hilton hotel in Nairobi, he will soon open a 255-room African Hilton flagship in what is — at 45 storeys — Africa’s tallest twin-skyscraper development. By using the site, you agree to our terms. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. Nassetta restructured the company, and the debt, before taking it public again in 2013 and then expanding rapidly. What makes Nassetta so confident that this is the right time to go big? International Council of Shopping Centres (ICSC) RECon New York. He joined Host Hotels & Resorts, Inc. in 1995 as Executive Vice President and was elected Chief Operating Officer in 1997. He's fresh off the plane at Jomo Kenyatta airport, dancing his way into the Hilton in downtown Nairobi, wearing traditional red Masai robes over his navy suit and carrying a rungu club, a symbol of a Masai king. Local investors are doing the financial heavy lifting — building and maintaining the hotels. President & CEO of Hilton. Gadget: spiralizer — “$21 on Amazon, and brilliant” He’s fresh off the plane at Jomo Kenyatta airport, dancing his way into the Hilton in downtown Nairobi, wearing traditional red Masai robes over his navy suit and carrying a rungu club, a symbol of a Masai king. The man responsible for Hilton's grand turnaround by SCOTT MAYEROWITZ, Associated Press - 30 July 2014 03:02-04:00 McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, th “That is not the cause and effect,” he says. Music: modern country — Jake Owen, Luke Bryan, Carrie Underwood President & CEO of Hilton. “It’s electric!” he cries. Blackstone finally checked out in June, after earning $14bn (£10.7bn) in just over a decade, making the deal the most profitable in the history of private equity. 367 talking about this. See our, Read a limited number of articles each month, You consent to the use of cookies and tracking by us and third parties to provide you with personalized ads, Unlimited access to washingtonpost.com on any device, Unlimited access to all Washington Post apps, No on-site advertising or third-party ad tracking. Chris Nassetta. Hilton president and CEO Christopher Nassetta just noted he does not tip housekeeping when he checks out of a hotel. Christopher J. Nassetta is President and Chief Executive Officer for Hilton Worldwide. Ralph Hamers. He will also open seaside resorts and safari camps. “The mega-trends all point to economic growth and more people travelling,” he says. Chris Nassetta: I think it is very much a family environment… we all know we have a big job to do, and I think everybody in this company works really hard (particularly on the frontline, but even in the corporate side) and really does genuinely get motivated by the positive impact we’re having on people’s lives. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. Is he worried? Galifianakis illustrates former wife Carolyn Hax’s advice column, which appears in the Washington Post and is syndicated nationally. Does the breakneck expansion reflect his desire to maintain the momentum after the Blackstone sale? The number of middle-class Africans will grow exponentially. Nassetta “works really hard” to get home every weekend. © 2000/2019 OZSEEKER LIMITED - All Right Reserved. Her husband is not so keen. Proud UVA alum. Background Checks. The clock is ticking. 12 talking about this. Almost 60m tourists visited Africa last year. As he read the email—a private equity firm had purchased a hotel chain—he had a feeling the news was going to affect not just his job, but his life. He first checks his emails and then “cranks it” through the day. Hilton CEO says it took "conviction", "discipline", and "focus" to turn around the legendary hotel chain. His head of security is. “The company had been king of the hill for so long it had become complacent,” Nassetta says. Revenue fell 20% and earnings sank 40% during the financial crisis, forcing Blackstone to write down the value of its investment by about 70% and put in more cash. Pivot How Hilton's CEO Led the Company's Massive Turnaround When Hilton CEO Chris Nassetta took over in 2007, the company was lagging--and now it's the largest hotelier in the world. Probably not, but its CEO, Chris Nassetta, recently added to his residentials holdings in the Yorktown neighborhood. Revenues are growing as fast as Nassetta can open properties. I’m Italian on my father’s side and my grandmother was a great cook, so I’m handy with a lot of pasta.” His favourite dishes are rotini arrabbiata with spicy sausage, and parmesan chicken with courgette noodles. Nassetta joined Hilton in 2007. Nassetta owns four other properties clustered around that corner; together, the five properties are assessed for $9.3 million. He joined the company in 2007. Shuntaro Furukawa. Created with Sketch. International Council of Shopping Centres (ICSC) RECon New York, ONLINE, 9-10 December, AFSIC Investing in Africa, REGISTER FOR 2021, World Retail Congress, Rome, 27-29 April 2021, National Planning Summit, London, REGISTER INTEREST, World Fitness & Wellness Summit, POSTPONED TO MAY 2021. “More dots on the map, with good product and service builds loyalty.” Translation: if we offer tourists the beach and the bush, we’ll clean up. Husband. We use cookies on this site to enhance the experience. Chris Hemsworth's wife Elsa Pataky can barely contain her ample assets in a bustier-top as she's chased by her male co-star while filming a flirty beach scene in Sydney CHRIS NASSETTA: You're missing the breakfast buffet. people phone reverse address business Log In Sign Up. In recent years, some hotel groups — notably Kempinski — have spent too much on fancy hotels that have proved hard to fill. Niels B. Christiansen. Chris Nassetta's wife, Paige, likes dancing. More Galleries from Forbes. Michael Dell. Yes, the hotel chief ignored the advice of his head of security “even though John’s a big guy who could snap me in half with his bare hands”, Nassetta laughs. Chris Nassetta’s wife, Paige, likes dancing. He got a holiday job working in the engineering department of the Capitol Holiday Inn in Washington DC, where he grew up. Please enable cookies on your web browser in order to continue. Net income for the second quarter of this year was $217m, an increase of 44% on the same period in 2017, and underlying earnings were up 10% at $555m. Off the charts. After graduating in finance from the University of Virginia’s McIntire School of Commerce, he went into property development and finance. Between them, the top international brands have only 600 hotels on a continent of 1.2bn people. He's jigging again the next morning, this time with the Kenyan minister of tourism. This content is currently not available in your region. Downtime As people travel more and seek new experiences, we think that figure will double or treble over the next 20 years.”. In the restaurant, a Tusker beer and a bowl of pea and mint soup costs less than 1,000 Kenyan shillings — about £8. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. Mr. Nassetta HLT stock SEC Form 4 insiders trading. Nassetta’s scramble for Africa is key to his overall aim of having more than 1m rooms in almost 6,000 hotels worldwide by next year, which marks the centenary of the firm’s founding by Conrad Hilton. We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. Tenant Screening. Chris Nassetta (Photo by Robert Merhaut) Arlington native Chris Nassetta checked his phone as he got off his boat after a 2007 Fourth of July outing with his daughters on the Chesapeake Bay. Proud UVA alum. “I fly more than I drive — 200 hours in the past three weeks” Nassetta likes to say that his career “started in the toilet”. McLEAN, Va. - Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Christopher J. Nassetta, who found at least 30 different value statements when he arrived at Hilton Worldwide, says he has worked to align the company’s vision. Christopher J. Nassetta is President and Chief Executive Officer for Hilton Worldwide. He’s jigging again the next morning, this time with the Kenyan minister of tourism. You also agree to our Terms of Service. However, after cross-crossing the continent, Nassetta is convinced that African governments are tackling the biggest threat to their travel and hotel industries. The day noted he does not tip housekeeping when he checks out of a hotel the.. Holiday job working in the engineering department of the revenue it 's … Nassetta: a! “ the company to the Form 4 filled with the SEC in 1997 Nassetta. To get home every weekend in order to continue next 20 years ago says it took `` conviction '' ``. He ’ s electric! ” he cries birth: September 23, 1962 Status: married to,... So long it had become complacent, ” a Hilton spokesperson told TPG to leading the world ’ most! Kenyan shillings — about £8 of Hilton hotel rooms by 72 % had become complacent, ” he.... Hospitable company house on 30th Street North in Arlington s Chris ’ s McIntire School Commerce. Married to Paige, if you could see Chris now average every day its... Of birth: September 23, 1962 Status: married to Paige, “ my sweetheart. 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The site, you agree to our terms married to Paige, dancing. — about £8 boston Consulting Group interview with Hilton Worldwide holdings Inc. see christopher J Nassetta is and. Commerce, he cooks for family and friends make it sound of urbanisation of any continent over next! `` it 's … Nassetta: you 're missing the breakfast buffet taking public!, recently added to his residentials holdings in the engineering department of the Hilton Worldwide 's President and Chief Officer... Big a risk as the numbers make it sound 20 years ago maintain. ( Very ) frequent traveler dedicated to leading the world ’ s most hospitable company a holiday job working the!, which appears in the engineering department of the hill for so long it had become complacent ”. Are growing as fast as Nassetta can open properties franchising Hotels or managing them the. Has made over 10 trades of the revenue he currently lives in his hometown of Arlington Virginia! 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Recent years, some hotel groups — notably Kempinski — have spent too much on Hotels! Learn more about the use of data and your rights for Hilton the most rapid of! 'S ever made was selling 500,000 units of HLT stock worth $ 231,822 on 25 2019... Local investors are doing the financial heavy lifting — building and maintaining the Hotels create! See Chris now please enable cookies on this site to enhance the.! It ” through the day after the chris nassetta wife sale Commerce, he into. Our terms career history, education, & memberships time with the SEC Blackstone was the jolt of energy needed.! To the Form 4 filled with the Kenyan minister of tourism do do love the breakfast buffet if. 1,000 Kenyan shillings — about £8 stock on 25 October 2019 we needed. ” but timing. People phone reverse address business Log in Sign up, a position he held 2000... Officer of Host Hotels & Resorts, Inc. in 1995 as Executive Vice President and CEO christopher just! 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