Choice Hotels International, one of the world's largest hotel chains, has announced plans to relocate from its current Silver Spring headquarters on Columbia Pike (Rt. 29), to a new location in Rockville, MD. The move would take place when its current lease in expires in 2013. The company signed a letter of intent for the move Monday with Governor Martin O'Malley, Montgomery County Executive Isiah Leggett and Rockville Mayor Phyllis Marcuccio. To keep the company's home in Maryland, state, city, and county offered more than $4 million in incentives, contingent on the hiring of employees at its new location.
With nearly 400 employees and growing, Choice Hotels has been searching for a new headquarters in the DC area since mid-2008. Negotiations are underway to lease office space in Rockville Town Center. Once moved, it plans to add 75 new employees. Also under consideration is a new Cambria Suites hotel near the proposed new headquarters, to house and estimated 10,000 stays per year, generated by employee training programs as well as community, vendor and other events.
"Choice Hotels' decision to continue to invest and create new jobs in Maryland is a great win for the State and for Montgomery County," said Governor O'Malley. "We know that in today's global economy, companies have many location choices and we are pleased that we can offer Choice Hotels the kind of highly-skilled, highly-educated workforce, strategic location and outstanding quality of life that will enable the company to continue to grow here for years to come." SOURCE: Silver Spring Patch