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Hilton CEO lauds REIT spinoff's exec team, but details remain sparse

Presidentand CEO Christopher Nassetta said in an April 27 earnings conference call that hewas "thrilled" to name the CEO and CFO of the company's planned REIT , but said most details onthe transaction will have to wait for a later filing.

The companyearlier said Thomas BaltimoreJr., president and CEO of RLJ LodgingTrust, will serve in the same roles at the new company. Sean Dell'Orto,currently Hilton's senior vice president and treasurer, will be the new REIT's CFO.

"I'veknown Tom for 30 years and believe his proven leadership and track record as a capitalallocator should further the company's potential to create meaningful value forshareholders over the long term," Nassetta said, citing Baltimore's track recordat REITs, in private equity and at operating companies, including both Hilton andMarriott International Inc..

"Tomwas not just on the list; Tom was the No. 1 top person on our list," he added.

Nassettasaid the company is "just around the bend" from a regulatory filing thatwill provide more details on the spinoff, and declined to provide many more on thecall.

CFO KevinJacobs said the filing is still expectedlater in the second quarter. Before the REIT spinoff and a separate spinoff of Hilton'stimeshare business take effect, the company also expects to provide informationon the strategy and financial performance of all three companies, Jacobs said.