Bio EDIT. With over 10 years experience he's covered businesses, CEOs, and investments. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels & Resorts, Inc., a position he held since 2000. At Hilton Worldwide, Jeanette Chan has 43 colleagues who can be contacted including Christopher Nassetta (CEO), Elizabeth Smith (Director)…. Nassetta has worked his way up to be who he is today, and as a teenager, he got an entry-level position in the engineering department of the Holiday Inn Capitol Hill. To accommodate the middle-class and business travelers in Asia and Europe, he exported mid-market brands such as Hilton Garden Inn and Hampton Inn. Nassetta, who was staying in one of the the company’s Conrad hotels, was driven in a corporate SUV to the New York Stock Exchange on Wall Street for breakfast in an ornate, ceremonial dining room with New York Stock Exchange chief executive Duncan Niedermair, Gray, bankers, attorneys and other key people in the deal. His main job involved unclogging toilets and anything else that other people did not want to do. The low point came in April 2009, when he was in Washington on business, alone, pacing across the floor of the vacant Cape Cod home he still owned in Arlington, near where he had grown up and where his parents, brothers and sisters still lived. “People basically were saying [the Hilton deal] was a huge disaster for Blackstone,” Nassetta recalled. Nassetta had opened 1,200 hotels worldwide in seven years — a 37 percent increase. Signia by Hilton. There were the problems with housing costs, with Southern California one of the most expensive housing markets in the country. By the end of October 2018, Christopher had an estimated net worth of at least $13.6 million. Proud UVA alum. Now Covid-19 … “Jon and I said to each other, ‘It can’t get any worse.’ We both felt like we were on an island and at the top of the palm tree with the sharks swimming below in the water.”. I’ll listen, but I want you to know I’m not predisposed to do it.”. Hilton CEO Christopher J. Nassetta is among the few but besides that; there are other facts you do not know about him. Christopher has made over 10 trades of the Hilton Worldwide Inc stock since 2006, according to the Form 4 filled with the SEC. “We call this asset-light because you use other people’s money. You could imagine there would have been others around Blackstone saying, ‘Okay. Christopher believes in culture and tradition, and perhaps that is the reason his children attend the same high, junior high and elementary school that he attended. “And frankly, a lot of people were wanting us to fail. With his boyish mop of salt-and-pepper hair, Nassetta was not afraid to mix it up with journalists and hotel industry analysts, which is what Hilton would sorely need. And we didn’t.”. Talking to Chris, you can’t help but be impressed with him. Danny Hughes is Exec VP/Pres:Americas at Hilton Worldwide Holdings Inc. See Danny Hughes's compensation, career history, education, & memberships. After Nassetta rang the ceremonial bell at 9:30 a.m., the company’s debut as a public stock, he turned to Gray and they embraced in a hug following their six-year ordeal. They just liked each other. “At the time, there were a lot of concerns about leverage. His entrepreneurial abilities began at an early age because he also increased his earnings by running a snow plowing and lawn mowing business. “I remember, prior to Chris’s arrival, there were many restrictions and blackout dates on Hilton Honors. As Gray knew, Nassetta was a numbers guy. In April 2010, Blackstone and Hilton reached a deal extending the loans to 2015. “I was committed to look them in the eye, tell them what I’m doing, give them the reasons why and answer questions for as long as they wanted.”. After being named chief executive officer of Hilton Worldwide shortly before the 2008 financial crisis, Christopher J. Nassetta guided the hospitality company through tough times. It was profitable, but the company was a shadow of what it had been in its heyday of the 1950s and 1960s, when its brand was as recognizable as Coca-Cola or Chevrolet. He also serves on the Board of Directors of the company. Nassetta became a personnel fanatic, rebuilding his team and getting involved with every management hire. People wanted brand names. However, the most notable change that Christopher made was getting rid of traditional room service which not only reduced the labor costs but also ensures that customers get better prices and services. Mr. Christopher J. Nassetta, also known as Chris… The story of the purchase and the years that followed is a Wall Street opera involving high stakes finance, layoffs, accusations of corporate spying and the resurrection of an iconic American brand. : October 15, 2020 some of the house while his sisters are his on! 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