Davidson to Open New Headquarters in Atlanta, GA
Will Maintain Certain Functions in Current Offices in Memphis, TN
MEMPHIS, TN - October 17, 2011 - Officials of Davidson Hotels & Resorts, one of the nation's largest independent hotel management companies, today announced the company will open a new headquarter office in Atlanta, Ga. Certain functions, primarily accounting, risk management, payroll and portions of IT will remain in Memphis. The relocation is expected to take place in summer 2012.
“We have expanded our portfolio of properties significantly over the past five years, and we believe we are poised for continued growth throughout the coming years,” said John Belden, president and CEO of Davidson. “By relocating to a gateway city, we provide greater travel options for our associates, and optimize our visibility and accessibility with investors and property owners. This will also allow us to aggregate more operational and development resources under one roof, as well as materially enhance our ability to attract the best possible talent in the future.
“We initially looked at five major markets on the East Coast, but Atlanta was chosen because it is rated as one of the nation's Top 10 most attractive cities for corporate relocation and currently is the 4th largest hotel/hospitality market in the country, providing a deep pool of prospective industry talent,” Belden added. “Hartsfield-Jackson International Airport will provide us with the most comprehensive and efficient access to our portfolio, our clients, our brand partners and our investors. We intend to locate in the Perimeter area of Atlanta, due to its central and strategic location.”
Corporate functions relocating to Atlanta include: operations, sales/revenue management, food and beverage, design and construction, legal, human resources and business development. The Memphis office will continue to house accounting, payroll, risk management and components of the IT departments.
“This dual-office configuration will provide us with an even stronger platform for growth and portfolio support, and we expect to add personnel in both locations as we expand our business,” Belden said.
About Davidson Hotels & Resorts
Headquartered in Memphis, Tenn., Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company's portfolio encompasses 49 upscale, full-service independent and branded hotels with nearly 13,900 rooms across the United States, including such affiliations as Hyatt, Westin, Sheraton, Marriott, Renaissance, Hilton, Embassy Suites, Doubletree, Radisson, Crowne Plaza, Hilton Garden Inn and Courtyard. Additional information on Davidson may be found at www.davidsonhotels.com.
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