With a worldwide work force of 105,000 persons, Hilton has been headquartered in Beverly Hills since 1969. The company is scouting new construction or leasing sites in neighboring Maryland and Virginia.
The announcement by Hilton president and CEO Christopher J. Nassetta states the move is strictly a business decision.
Christopher Nassetta
"Relocating to the DC area will significantly reduce our operating expenses and will position Hilton in a more central location from which to operate a global business, ease coordination across our organization, and better enable us to execute on strategic opportunities."
Nassetta says, "Our vision for Hilton is to create the world's leading hotel company, and this is a necessary and important step toward reaching this goal."
He says the decision to relocate the company's headquarters is "part of Hilton's ongoing business reorganization and follows a thoughtful and rigorous review of Hilton's corporate operations and locations.
"Potential locations were evaluated against multiple criteria including costs, proximity to Hilton's U.S. and international offices, and talent attraction and retention."
Nassetta adds: "We understand this is a major change for our organization, and we will do our best to minimize disruptions to employees and operations.
"We have a long history in Beverly Hills and appreciate the support we have received from our civic partners and citizens in the community over the years."
Hilton Hotels Corp. has more than 3,200 hotels and 545,000 rooms in 77 countries and territories, including 135,000 team members worldwide.
The company owns, manages or franchises a hotel portfolio of some of the best known brands, including Hilton, Conrad Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Hilton Grand Vacations, Homewood Suites by Hilton and The Waldorf-Astoria Collection.
Founded in 1919 by Conrad Hilton, the company today is a subsidiary of Blackstone Group, a private New York City-based equity organization that also owns La Quinta Inns & Suites and Luxury Resorts.
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