Hilton Hotels Corp. announced it will move its global headquarters from Beverly Hills to the Washington, D.C., metropolitan area during the third quarter of 2009. Locations in Maryland and Virginia currently are being considered.
“After careful consideration of both the needs of our business and the impact on our organization, we identified the greater Washington, D.C. metropolitan area as the best market for our business and the right decision for our future. Relocating to the D.C. 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,” said Hilton CEO Christopher J. Nasseta.
