Local Business Digest: Carlyle Hires Goldman Adviser to Help Run Buyout Arm
Carlyle Hires Goldman Adviser To Help Run Global Buyout Arm
Carlyle Group, the world's second-largest private-equity firm, hired Gregory L. Summe from Goldman Sachs Group to help run its global buyout business.
Summe, 52, formerly a senior adviser at Goldman Sachs Capital Partners, will be vice chairman of global buyouts, a new position reporting to Daniel F. Akerson, chairman of global buyouts, Carlyle said today in a statement. He will start next month in Washington, where Carlyle is based.
Before joining Goldman Sachs's private-equity unit, Summe was chairman and chief executive of PerkinElmer, whose products include genetic-screening and image-detection systems. He ran the Waltham, Mass.-based company from 1998 to 2009.
-- Bloomberg News
After Changing Its Address, Hilton Plans to Change Name
Hilton Hotels announced that it is changing its name to Hilton Worldwide.
The news follows the hotel operator's recent relocation to McLean from Beverly Hills, Calif. The company said the name change better reflects its global reach.
Hilton's portfolio of 10 brands includes more than 3,300 hotels in 77 countries. The company will open more than 300 hotels this year.
-- Associated Press
Marriott to Take $760 Million In Third-Quarter Charges
Hurt by shrinking demand for luxury real estate, Marriott International said it would record $760 million in third-quarter impairment charges as it lowers prices and curbs development in its timeshare business at high-end resorts to boost cash flow.
The Bethesda-based company also will sell some undeveloped land, given the weak economy that has dampened demand for both business and leisure travel.