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FairfaxBusinessState, Fairfax officials ecstatic about Hilton expansion

State, Fairfax officials ecstatic about Hilton expansion

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State and local leaders on Aug. 4 praised plans by Hilton to maintain and upgrade its global headquarters in Tysons and create hundreds of new jobs there.

“Virginia is America’s hometown for corporate headquarters, and we are proud that Hilton will continue to call Fairfax County home,” Gov. Youngkin said in a statement.

Hilton first opened its headquarters at Park Place II, 7930 Jones Bridge Drive, in August 2009 and has grown from using one-third of the space to about 70 percent now. The development is owned by BF Saul Co. and has a lease-renewal term of 15 years.

Hilton plans to use approximately the same 220,000 square feet of space in the future and is developing renovation plans for the headquarters, a spokesman said.

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The company will work with the building’s owner to enhance common areas as well as office space and engage with employees in coming months to learn what modifications would “create an even more vibrant place to convene and collaborate,” the spokesman said.

Hilton also plans to “fully integrate technology into our office experience that accommodates today’s workforce,” he said.

Hilton was founded in 1919 and now has 18 brands comprising 7,000 properties and 1.1 million rooms in 122 countries and territories. The hotel chain has welcomed more than 3 billion guests in its history.

Hilton now employs about 800 people at the Tysons headquarters and hopes to add about 350 more jobs there over the next five years.

Northern Virginia has played an instrumental role in helping Hilton create an inclusive home its employees while also managing global business demands, said Chris Nassetta, Hilton’s president and CEO.

“We appreciate the continued support of the Commonwealth of Virginia, Fairfax County, and the Tysons Partnership in ensuring we continue to attract strong, diverse talent to our vibrant, growing region,” Nassetta said.
Virginia Secretary of Commerce and Trade Caren Merrick called Northern Virginia “one of the most educated and diverse regions in the U.S.” and said state officials are “confident that Hilton’s next phase of growth will be bolstered by the top-tier talent pipeline Fairfax County provides.”
Fairfax County Board of Supervisors Chairman Jeff McKay (D) pronounced himself “thrilled” at Hilton’s plans to keep its Tysons headquarters and expand its workforce there.

“This is a validation of the strong economy we enjoy here in Fairfax County,” McKay said in remarks released by the governor’s office. “We have demonstrated time and again that business-friendly policies go hand-in-hand with the high quality of life here,”

The Virginia Economic Development Partnership worked with Fairfax County Economic Development Authority (FCEDA) officials to secure the project.

Youngkin approved $5 million from the Virginia Economic Development Incentive Grant to aid the headquarters project. Virginia awards such grants to “exceptional economic development projects with large numbers of employees and very high wages relative to average wages for that particular area,” officials said.

In addition, the governor approved a $1 million grant from the Commonwealth’s Opportunity Fund to help Fairfax County with the project.

Hilton’s investment will result in “extraordinary benefits” for Fairfax County, said Victor Hoskins, FCEDA’s president and CEO.

“The diversity of our business base continues to be one of our greatest strengths, and we are honored that Hilton has chosen to continue to play a key role in our corporate ecosystem,” Hoskins said.

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