He Built A Hotel Chain. Now He Has To Run It

Just two years after joining Blackstone Group to run its $850 million buyout fund, Henry Silverman is leaving the Wall Street investment boutique. Come January, say several knowledgeable sources, he'll give up his Blackstone partnership to serve as chief executive of Hospitality Franchise Systems--a hotel group Silverman put together with Blackstone money in 1990.

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