In 1991, he founded his own private equity firm, Bailey Capital, where he engineered hotel deals, before being headhunted in 1995 by Host Hotels — the largest public owner of hotel real estate in the world — and taking over as chief executive two years later. Almost 60m tourists visited Africa last year. We use cookies on this site to enhance the experience. Off the charts. Background Checks. Her husband is not so keen. They have six daughters Vital statistics He’s rushing because the world is on the move — “It’s a golden age of travel” — and Hilton wants to capitalise on it. Hilton Worldwide CEO Chris Nassetta paid $825,000 for a house on 30th Street North in Arlington. Her husband is not so keen. “They get this.”. Four years later, Mr Nassetta returned the company to the public markets at a valuation of $2.4bn. His head of security is. He's fresh off the plane at Jomo Kenyatta airport, dancing his way into the Hilton in downtown Nairobi, wearing traditional red Masai robes over his navy suit and carrying a rungu club, a symbol of a Masai king. “A story of grit, determination and winning against all odds” He never goes to sleep until he has answered every email he’s received that day. In for a shilling, in for a naira. Ralph Hamers. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. Chris Nassetta (Photo by Robert Merhaut) Arlington native Chris Nassetta checked his phone as he got off his boat after a 2007 Fourth of July outing with his daughters on the Chesapeake Bay. In the restaurant, a Tusker beer and a bowl of pea and mint soup costs less than 1,000 Kenyan shillings — about £8. Yes, the hotel chief ignored the advice of his head of security “even though John’s a big guy who could snap me in half with his bare hands”, Nassetta laughs. Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Mr. Nassetta HLT stock SEC Form 4 insiders trading. But, oh Paige, if you could see Chris now. Boston Consulting Group interview with Hilton Worldwide's President and CEO Chris Nassetta on his work to create a company transformation. Nassetta has to visit the new 109-room Hilton DoubleTree Nairobi Hurlingham, host a dinner for investors who have travelled from as far away as Windhoek, the Namibian capital, to meet him, before catching a flight to open his next new hotel in Africa, and Hilton’s first in Nigeria for 30 years: a Curio branded property at Lagos airport. Directors behind a £2.5bn theme park dubbed “the UK’s answer to Disneyland” are hoping to tap... Staycations are expected to boom in popularity after a bumper 2020 season. Car: a 2007 Lexus LS400 sedan. Taking time away to be with my wife and daughters is one of the most important things to me, so I’m thrilled to join Project: Time Off in … Nassetta joined Hilton in 2007. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. Chris Nassetta’s wife, Paige, likes dancing. Christopher has made over 10 trades of the Hilton Worldwide Inc stock since 2006, according to the Form 4 filled with the SEC. Chris Nassetta's wife, Paige, likes dancing. International Council of Shopping Centres (ICSC) RECon New York, ONLINE, 9-10 December, AFSIC Investing in Africa, REGISTER FOR 2021, World Retail Congress, Rome, 27-29 April 2021, National Planning Summit, London, REGISTER INTEREST, World Fitness & Wellness Summit, POSTPONED TO MAY 2021. Chris Nassetta: I think it is very much a family environment… we all know we have a big job to do, and I think everybody in this company works really hard (particularly on the frontline, but even in the corporate side) and really does genuinely get motivated by the positive impact we’re having on people’s lives. He joined the company in 2007. Nassetta has signed dozens of deals to open hotels, starting in Kenya, South Africa, Nigeria, Uganda, Ghana, Rwanda, Congo, Zambia, Malawi and Botswana. Nassetta: ‘A balanced guy’ who lives near his family - The Washington Post. What makes Nassetta so confident that this is the right time to go big? Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. “Blackstone was the jolt of energy we needed.” But his timing was lousy. Status: married to Paige, “my childhood sweetheart”. The economic and demographic trends are on Nassetta’s side, but terrorism, political unrest and epidemics are never far from the surface. “The mega-trends all point to economic growth and more people travelling,” he says. Christopher J. Nassetta is President and Chief Executive Officer for Hilton Worldwide. Chris Nassetta. President & CEO of Hilton. Whitepages people search is the most trusted directory. Nassetta’s scramble for Africa is key to his overall aim of having more than 1m rooms in almost 6,000 hotels worldwide by next year, which marks the centenary of the firm’s founding by Conrad Hilton. Leading hotel chains have largely shunned Africa as too poor, too dangerous and too downright difficult to bother with. University: Virginia, studying finance Blackstone finally checked out in June, after earning $14bn (£10.7bn) in just over a decade, making the deal the most profitable in the history of private equity. Hilton president and CEO Christopher Nassetta just noted he does not tip housekeeping when he checks out of a hotel. The number of middle-class Africans will grow exponentially. Governments across the continent are playing their part, encouraging inward investment by cutting taxes and enabling businesses to repatriate 100% of the capital they put in. In the lobby of the Garden Inn at Jomo Kenyatta airport, there is a convenience store that sells snacks and drinks I can keep in my minibar fridge, which is left empty for the purpose. A lot more. View Gallery. Chris Nassetta (Photo by Robert Merhaut) Arlington native Chris Nassetta checked his phone as he got off his boat after a 2007 Fourth of July outing with his daughters on the Chesapeake Bay. Chris Nassetta’s wife, Paige, likes dancing. Between them, the top international brands have only 600 hotels on a continent of 1.2bn people. John Giacalone, former executive assistant director for the National Security Branch of the FBI, begged him not to plan a trip to Lagos, Nigeria’s commercial capital, after stopping off in Nairobi. He first checks his emails and then “cranks it” through the day. Music: modern country — Jake Owen, Luke Bryan, Carrie Underwood “We’re talking thousands of hotels. View phone numbers, addresses, public records, background check reports and possible arrest records for Christopher Nassetta. Nassetta “works really hard” to get home every weekend. (Very) frequent traveler dedicated to leading the world’s most hospitable company. (Very) frequent traveler dedicated to leading the world’s most hospitable company. Chris Nassetta is on the road 75% of the time, “touring hotels, opening hotels, meeting team members, seeing investors and ministers”. As President & Chief Executive Officer at HILTON WORLDWIDE HOLDINGS, Christopher J. Nassetta made $21,374,121 in total compensation. More Galleries from Forbes. “Africa will enjoy the most rapid rate of urbanisation of any continent over the next 20 years. Nassetta owns four other properties clustered around that corner; together, the five properties are assessed for $9.3 million. It is also deliberately mid-range. He currently lives in his hometown of Arlington, Virginia, with his wife. Emmanuel Faber. As people travel more and seek new experiences, we think that figure will double or treble over the next 20 years.”. As a student at the University of Virginia, Chris Nassetta spent his summers working in hotels – cleaning, carrying bags and even plunging toilets. Shuntaro Furukawa. “We need to work with governments to make sure that safety and security become a reality and then market Africa aggressively,” he says. (Very) frequent traveler dedicated to leading the world’s most hospitable company. We rely on readers like you to uphold a free press. Christopher J. Nassetta, who found at least 30 different value statements when he arrived at Hilton Worldwide, says he has worked to align the company’s vision. There is a gargantuan growth opportunity. He joined the company in 2007. Tenant Screening. In recent years, some hotel groups — notably Kempinski — have spent too much on fancy hotels that have proved hard to fill. Revenues are growing as fast as Nassetta can open properties. See our, Read a limited number of articles each month, You consent to the use of cookies and tracking by us and third parties to provide you with personalized ads, Unlimited access to washingtonpost.com on any device, Unlimited access to all Washington Post apps, No on-site advertising or third-party ad tracking. “I fly more than I drive — 200 hours in the past three weeks” Hilton is mainly franchising hotels or managing them, taking fees and a cut of the revenue. My wife hates the breakfast buffet, but a lot of people do do love the breakfast buffet. Father. “On Saturday night we have 30-40 people over. Husband. Her husband is not so keen. Just down the road from the existing Hilton hotel in Nairobi, he will soon open a 255-room African Hilton flagship in what is — at 45 storeys — Africa’s tallest twin-skyscraper development. © 2000/2019 OZSEEKER LIMITED - All Right Reserved. John Sullivan founded OzSeeker in Australia, 1987, and has carried the name through his various global activities, largely focused on cinema-anchored leisure property development. 15 talking about this. The man responsible for Hilton's grand turnaround by SCOTT MAYEROWITZ, Associated Press - 30 July 2014 03:02-04:00 McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, th The clock is ticking. But, oh Paige, if you could see Chris now. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. Most recently he sold 406 units of HLT stock worth $231,822 on 25 October 2019.. Father. “The company had been king of the hill for so long it had become complacent,” Nassetta says. Niels B. Christiansen. Probably not, but its CEO, Chris Nassetta, recently added to his residentials holdings in the Yorktown neighborhood. Favourite book: The Boys In The Boat, by Daniel James Brown. He joined Host Hotels Resorts, Inc. in 1995 as Executive Vice President and was elected Chief Operating Officer in 1997. Michael Dell. Last holiday: Croatia, Working day We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. As Nassetta can open properties Nassetta says between them, taking fees and a bowl of and! 2013 and then expanding rapidly Very ) frequent traveler dedicated to leading the world ’ s column. 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