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NEWS| Intl| Blackstone moves fast to change Hilton

The shakeup of top managers at Hilton properties in Hawaii suggests that the hotel company's new owners are on an aggressive campaign to streamline operations and quickly increase profits even as demand for traditional hotel rooms slackens.

Since acquiring Hilton Hotel Corp. for $26 billion in October, New York-based Blackstone Group has replaced key corporate executives and is clearly imposing its brand of management on Hilton, which some industry analysts say was slow and bloated as its competitors charged past, especially in the development of time-share properties and ultra-luxury resorts.

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