Choice Hotels Is Moving To Town Center
Oct 25, 2010 23:36 - 0 Comments
As we reported when the County Executive spoke with the Rockville Chamber of Commerce, Montgomery County was competing to attract the corporate headquarters for Choice Hotels. Today the offices of Governor Martin O’Malley, Montgomery County Executive Isiah Leggett, and City of Rockville Mayor Phyllis Marcuccio announced that Choice Hotels International (NYSE:CHH) signed a letter of intent with the State, County and City to move its headquarters from Silver Spring to Rockville when its current lease expires in 2013.
Choice is one of the world’s largest lodging companies. With a need to add 75 employees to their current 400, Choice was looking for a location with 130,000 square feet of office space. Rockville Town Center was chosen because it’s proximity to public transportation. Concerned about their current employees, the company also desired a location convenient to where the majority currently live. The shops and services in Town Center also helped to sway their decision.
In addition, the Governor’s office announced the company is considering a Cambria Suites hotel near the headquarters to accommodate an estimated 10,000 stays per year generated by employee and franchisee training programs, as well as other community, vendor and hotel developer events.
Washington Business Journal reporter Missy Frederick confirmed that Choice is not revealing the address at this time.
The Gazette provided details of the agreement:
… the state, county and city are providing $4.3 million in conditional loans and grants that are contingent upon job creation at the new headquarters. In addition, the company is eligible for state, county and city tax credits, including the county’s New Jobs Tax Credit, and could also receive Tax-Exempt Recovery Zone Facility Bonds.
On their website, Choice International details the companies profile. Choice currently franchises more than 6,000 hotels, representing more than 490,000 rooms, in the United States and more than 35 countries including Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban, Econo Lodge and Rodeway Inn.
Looks like we’re going to have a new corporate neighbor.
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