Tysons Corner Tabbed for Hilton Headquarters
Hotel chain headed to Park Place II
By JIM IOVINO
Updated 11:08 AM EST, Mon, Mar 16, 2009
WASHINGTON -- Hilton Hotels will move its corporate headquarters to Park Place II in Tysons Corner, Va.
Hilton signed a 10-year lease for the office space at Park Place II. The headquarters will take up about one-third of the 11-story, 323,000-square-foot building.
The hotel chain announced in January that it would move to the D.C. area from its current location in Beverly Hills, Calif.
The move, which is part of the company's reorganization, is expected to take place in the third quarter of this year. The Fairfax County area was selected because of costs, suitability and available commercial space, among other reasons, the company said.
"Our move to Park Place II will mark an important milestone in our corporate transformation, and we look forward to becoming part of Tysons Corner's vibrant business community," said Christopher J. Nassetta, President and Chief Executive Officer.
First Published: Mar 11, 2009 12:37 PM EST
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