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Hilton hires RLJ Lodging's co-founder as CEO of planned REIT

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Hilton hires RLJ Lodging's co-founder as CEO of planned REIT

Hilton WorldwideHoldings Inc. has named Thomas Baltimore Jr. president and CEO of itsplanned hotel REIT, effectiveMay 16.

Baltimore hails from RLJLodging Trust, a company he co-founded and where he served as presidentand CEO. He also sits on the boards of PrudentialFinancial Inc. and DukeRealty Corp.

Following Baltimore's resignation, RLJ Lodging named Ross Bierkan,executive vice president and chief investment officer, interim CEO. The companyplans to commence a search for Baltimore's replacement, considering both internaland external candidates.

Hilton named Sean Dell'Orto CFO of the planned REIT vehicle,which is expected to be formed later in 2016. He is currently senior vice presidentand treasurer of Hilton, and he will continue in those roles.