From The Wall Street Journal:
Hilton's CEO Nassetta Sells In L.A. for $18 Million
Relocating for business reasons, Christopher Nassetta, president and chief executive of Hilton Worldwide, has sold his Los Angeles home for $18 million, about 35% less than his $27.5 million purchase price in 2007. Mr. Nassetta, who was hired by Blackstone Group to run the group of hotel brands including Hilton and Waldorf-Astoria, listed the 10-bedroom in the Bel-Air neighborhood in June for $29.5 million. The roughly 18,000-square-foot Mediterranean villa-style home has 15 bathrooms, space for 40 cars, a guest house, a wine cellar, a tennis court and a pool. Hilton Worldwide has moved its headquarters from Beverly Hills, Calif., to McLean, Va. Click here for the full story.