Hilton Hotels to move headquarters in Fairfax
- February 4, 2009
Hilton Hotels Corp. announced it will move its headquarters from Beverly Hills, Calif., to Fairfax County, creating 300 jobs over the next three years.
“We are pleased to announce that our global headquarters will be located in Fairfax County, Virginia, and are grateful to the commonwealth and county for their efforts to create such compelling economic incentives for Hilton,” Christopher J. Nassetta, president and CEO of Hilton Hotels Corp., said in a statement. “Virginia offers a more central location from which to operate a global organization and will ease coordination across our business, help us to better execute on strategic opportunities and allow us to significantly reduce our costs. The cost and quality of living in the area are also tremendously appealing.”
Gov. Timothy M. Kaine approved using $2.5 million from the Virginia Economic Development Incentive Grant for the project. The grant provides performance-based incentives for companies that add a high number of jobs to the state with incomes that are higher than average for the area. Kaine also approved using a $1 million grant from the Governor’s Opportunity Fund to help Fairfax County with the project.
“It is a great day for Fairfax County and the Commonwealth of Virginia when we can add a corporate headquarters to our business community, and it is a rare day when we can add a corporate name and a good corporate citizen such as Hilton to our business community,” Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority, said in a statement. “Hilton will further diversify the local economy and gives further credence to the many advantages of doing business in Fairfax County and the Commonwealth.”