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).