Hotel Chain Relocates

A holding of private equity firm The Blackstone Group,L.P.,Hilton Hotels,is moving its headquarters from pricey Beverly Hills,California,to Washington,D.C. suburb Tysons Corner,Virginia.Hilton has signed a lease for 100,000 square feet of a 300,000 square foot office building called Park Place II.The property is owned by B.F.Saul and is 17% leased.The move from Beverly Hills was announced in January,and should be accomplished by autumn 2009.Stephen Schwarzman is Blackstone co-founder and CEO.