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WASHINGTON, DC-Hilton Hotels Corp. will be relocating its headquarters–from Beverly Hills, CA–to the Washington, DC area, the company announced on Wednesday. The hotel company gave few details about the move–it has not decided whether to relocate to Maryland, the District or Virginia for instance. The move is expected to occur in Q3. Hilton did not return a call to GlobSt.com in time for publication.

DC is the best market for the business right now, president and chief executive Christopher J. Nassetta, says in a prepared statement. “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.”

If Hilton is indeed focusing on global growth–particularly in Europe–a move to the East Coast makes sense, David Fuller, managing director of HVS Washington, DC, a locally-based hotel consulting and valuation firm, tells GlobeSt.com. “Of course Asia is best served from the West Coast, but much depends from where Hilton thinks the strongest global growth will be coming.”

A Hilton headquarters here will also boost DC’s hospitality bona fides, Fuller also says. “We have had Marriott here for generations as well as Choice Hotels International”, which owns the Comfort Inns and Econo Lodges flags.

Other locally-based hotel groups include RLJ Development, Interstate Hotels & Resorts and DiamondRock Hospitality. “Now all we need is Starwood to move here for DC to become hotel capital,” Fuller jokes. The Blackstone Group acquired Hilton Hotels in 2007 for $20 billion.

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