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Blackstone And Hilton Worldwide Partner With Department Of Veterans Affairs And Kendall College To Offer Hospitality Education Program To Veterans

Stocks in this article: BX HLT

Global asset manager Blackstone (NYSE:BX), in partnership with its portfolio company Hilton Worldwide, the U.S. Department of Veterans Affairs, and Kendall College in Chicago, are proud to announce the launch of a first-of-its-kind hospitality education program designed to help veterans and their spouses receive the experience and knowledge that can lead to a meaningful career in hospitality management. The announcement was made in conjunction with President Obama’s speech to the American Legion Convention today.

This educational program offers enrollment in courses at Kendall College’s School of Hospitality Management, the cost of which can be covered by GI Bill funds, and a six-month internship at a Hilton Worldwide property. Students who successfully complete the necessary coursework and internship will receive a Certification of Completion, college credit toward a degree and experience that positions them to transition into full-time employment with Hilton or other hospitality companies. The program is being offered in coordination with the U.S. Department of Veterans Affairs.

In April 2013, in support of the White House’s “Joining Forces” initiative, Blackstone committed to hiring 50,000 American veterans across its portfolio over five years. In May 2014, Blackstone announced that it had already hired more than 10,000 veterans since making that pledge. As part of Blackstone’s Veterans Hiring Initiative, each September, the firm hosts a summit to support the hiring of American veterans across its portfolio companies. At the summit, hiring executives and government officials work together to plan the continued fulfillment of this pledge. To learn more about Blackstone’s Veterans Hiring Initiative, please visit http://blackstone.com/careers/veterans-initiative.

“We are proud to help launch an important pilot program that will assist veterans in their transition to new careers following their military service,” said Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone. “Veterans have exceptional skills and talents that are highly attractive to employers, and we have seen a terrific response on the part of our portfolio companies to follow through and create real employment opportunities for the men and women of the United States Military. This program will help veterans apply their skills in new ways, offer the opportunity to train with a world leading hospitality company and access available jobs. We continue to proudly support the White House’s Joining Forces Initiative and applaud the Administration’s leadership in supporting our nation’s veterans.”

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