Davidson Hotels & Resorts will open new headquarters in Atlanta. 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,” says 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.”
The hotel management company scouted five major East Coast markets but landed on Atlanta because it’s 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, Belden notes.
