NEW YORK CITY-Hilton Hotels Corp. and the Blackstone Group today confirmed the appointment of Christopher Nassetta as president and CEO of Hilton. The appointment comes just five days after the Blackstone Group’s real estate and corporate private equity funds wrapped up its $26 billion acquisition of Los Angeles-based Hilton, as GlobeSt.com previously reported.

A source at locally based Blackstone tells GlobeSt.com that Nassetta will be based in Beverly Hills, CA. He also notes that the transition will be completed in the next three to four weeks.

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