Thomas J. Baltimore named President and Chief Executive Officer at Park Hotels & Resorts (Hilton REIT) in McLean
In February 2016, Hilton Worldwide announced plans to spin-off its timeshare and real estate businesses, creating three market-leading, independent public companies. Baltimore’s appointment as CEO of the planned REIT is effective May 16. Baltimore will report to Christopher J. Nassetta, president and CEO of Hilton Worldwide, and Dell’Orto will continue to serve as senior vice president and treasurer for Hilton Worldwide. Baltimore most recently served as president and CEO of RLJ Lodging Trust (NYSE: RLJ), a publicly traded real estate investment trust that he co-founded with Robert L. Johnson. He has led RLJ since its IPO in 2011 and its predecessor entities since 2000. RLJ currently owns 125 hotels in major markets in North America, with more than 20,900 guest rooms and a portfolio value in excess of $4 billion. Prior to RLJ, Baltimore was with Hilton Hotels Corporation as vice president, development and finance, and vice president, gaming development. He also served as vice president, business development for Host Marriott Services, and he worked for Marriott Corporation in various positions. Baltimore holds a Master of Business Administration from the Darden Graduate School of Business Administration and a Bachelor of Science in Commerce from the McIntire School, both from the University of Virginia. He also serves as a director of Prudential Financial (NYSE: PRU) and Duke Realty (NYSE: DRE).
